GTS Securities LLC Makes New $303,000 Investment in UFP Industries, Inc. (NASDAQ:UFPI)

GTS Securities LLC bought a new position in shares of UFP Industries, Inc. (NASDAQ:UFPI - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 2,689 shares of the construction company's stock, valued at approximately $303,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Allspring Global Investments Holdings LLC grew its position in UFP Industries by 3.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 919,018 shares of the construction company's stock worth $102,158,000 after buying an additional 31,381 shares in the last quarter. CIBC Asset Management Inc grew its holdings in shares of UFP Industries by 5.4% during the 4th quarter. CIBC Asset Management Inc now owns 1,895 shares of the construction company's stock worth $213,000 after purchasing an additional 97 shares in the last quarter. Gotham Asset Management LLC grew its holdings in shares of UFP Industries by 28.1% during the 4th quarter. Gotham Asset Management LLC now owns 2,664 shares of the construction company's stock worth $300,000 after purchasing an additional 584 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of UFP Industries by 0.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 772,001 shares of the construction company's stock worth $86,966,000 after purchasing an additional 2,160 shares during the period. Finally, Smartleaf Asset Management LLC raised its stake in UFP Industries by 1,683.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 535 shares of the construction company's stock valued at $60,000 after purchasing an additional 505 shares in the last quarter. Institutional investors and hedge funds own 81.81% of the company's stock.

Wall Street Analyst Weigh In

UFPI has been the subject of several recent analyst reports. Wall Street Zen cut shares of UFP Industries from a "buy" rating to a "hold" rating in a research report on Wednesday, February 19th. Benchmark restated a "buy" rating and set a $135.00 target price on shares of UFP Industries in a research note on Wednesday, February 19th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $143.00.

UFP Industries Price Performance

Shares of UFPI stock traded down $0.69 on Friday, reaching $97.57. The company had a trading volume of 385,612 shares, compared to its average volume of 349,916. The business's 50-day moving average is $102.90 and its 200 day moving average is $112.31. UFP Industries, Inc. has a one year low of $95.90 and a one year high of $141.33. The company has a quick ratio of 3.25, a current ratio of 4.88 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $5.89 billion, a PE ratio of 14.41 and a beta of 1.54.

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

UFP Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be issued a dividend of $0.35 per share. The ex-dividend date is Monday, June 2nd. This represents a $1.40 annualized dividend and a dividend yield of 1.43%. UFP Industries's dividend payout ratio (DPR) is presently 22.91%.

UFP Industries Company 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.