Cresset Asset Management LLC Has $2.24 Million Stock Holdings in UFP Industries, Inc. (NASDAQ:UFPI)

Cresset Asset Management LLC lessened its holdings in shares of UFP Industries, Inc. (NASDAQ:UFPI - Free Report) by 16.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,850 shares of the construction company's stock after selling 3,869 shares during the quarter. Cresset Asset Management LLC's holdings in UFP Industries were worth $2,236,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Cubist Systematic Strategies LLC acquired a new position in UFP Industries during the fourth quarter worth approximately $1,959,000. Cetera Investment Advisers boosted its stake in shares of UFP Industries by 8.6% in the fourth quarter. Cetera Investment Advisers now owns 2,718 shares of the construction company's stock valued at $306,000 after buying an additional 215 shares during the period. Capstone Investment Advisors LLC bought a new stake in shares of UFP Industries in the fourth quarter valued at approximately $1,480,000. Baird Financial Group Inc. boosted its stake in shares of UFP Industries by 5.3% in the fourth quarter. Baird Financial Group Inc. now owns 4,265 shares of the construction company's stock valued at $480,000 after buying an additional 216 shares during the period. Finally, Benjamin Edwards Inc. boosted its holdings in shares of UFP Industries by 17.4% in the 4th quarter. Benjamin Edwards Inc. now owns 3,344 shares of the construction company's stock valued at $378,000 after purchasing an additional 495 shares in the last quarter. Institutional investors and hedge funds own 81.81% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Benchmark reaffirmed a "buy" rating and issued a $135.00 target price on shares of UFP Industries in a report on Wednesday, February 19th. StockNews.com cut UFP Industries from a "buy" rating to a "hold" rating in a research note on Wednesday, February 19th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $143.00.

UFP Industries Price Performance

Shares of UFPI traded up $6.01 during trading hours on Monday, reaching $103.38. The stock had a trading volume of 672,230 shares, compared to its average volume of 338,808. UFP Industries, Inc. has a 12 month low of $95.90 and a 12 month high of $141.33. The stock has a market capitalization of $6.24 billion, a PE ratio of 15.27 and a beta of 1.54. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.25 and a current ratio of 4.88. The company's 50-day moving average is $105.18 and its two-hundred day moving average is $114.97.

UFP Industries (NASDAQ:UFPI - Get Free Report) last posted its quarterly earnings data on Monday, April 28th. The construction company reported $1.30 earnings per share for the quarter, missing analysts' consensus estimates of $1.57 by ($0.27). The company had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.61 billion. UFP Industries had a net margin of 6.23% and a return on equity of 13.24%. The business's revenue for the quarter was down 2.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.96 earnings per share. Research analysts expect that UFP Industries, Inc. will post 7.08 EPS for the current year.

UFP Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be issued a $0.35 dividend. The ex-dividend date is Monday, June 2nd. This represents a $1.40 dividend on an annualized basis and a yield of 1.35%. UFP Industries's payout ratio is 22.91%.

UFP Industries Profile

UFP Industries, Inc, through its subsidiaries, designs, manufactures, and markets wood and non-wood composites, and other materials in North America, Europe, Asia, and Australia. It operates through Retail, Packaging, and Construction segments. The Retail segment offers treated lumber products, including decking, fencing, lattice, and other products; pressure-treated and fire-retardant products used primarily for outdoor decking environments; and lawn and garden products, consisting of wood and vinyl fencing options, garden beds and planters, pergolas, picnic tables, and other landscaping products.