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

GTS Securities LLC purchased a new stake 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 and Exchange Commission (SEC). The fund purchased 2,689 shares of the construction company's stock, valued at approximately $303,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of UFP Industries in the fourth quarter worth about $83,149,000. Thrivent Financial for Lutherans lifted its position in UFP Industries by 3,820.8% during the 4th quarter. Thrivent Financial for Lutherans now owns 561,142 shares of the construction company's stock worth $63,212,000 after acquiring an additional 546,830 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its holdings in UFP Industries by 39.1% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,546,745 shares of the construction company's stock worth $174,241,000 after acquiring an additional 435,155 shares during the period. Boston Partners grew its position in UFP Industries by 100.8% in the fourth quarter. Boston Partners now owns 672,231 shares of the construction company's stock valued at $75,736,000 after acquiring an additional 337,463 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of UFP Industries during the fourth quarter valued at approximately $30,457,000. 81.81% of the stock is currently owned by institutional investors and hedge funds.

UFP Industries Stock Up 2.0%

NASDAQ UFPI traded up $1.88 on Tuesday, hitting $97.65. 349,209 shares of the stock traded hands, compared to its average volume of 351,215. The company has a current ratio of 4.88, a quick ratio of 3.25 and a debt-to-equity ratio of 0.07. The stock has a 50-day moving average of $102.36 and a 200 day moving average of $111.71. UFP Industries, Inc. has a twelve month low of $94.68 and a twelve month high of $141.33. The company has a market capitalization of $5.90 billion, a P/E ratio of 14.42 and a beta of 1.54.

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

UFP Industries Announces Dividend

The business also recently announced 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. This represents a $1.40 annualized dividend and a dividend yield of 1.43%. The ex-dividend date of this dividend is Monday, June 2nd. UFP Industries's dividend payout ratio (DPR) is presently 22.91%.

Wall Street Analyst Weigh In

UFPI has been the subject of several analyst reports. Wall Street Zen downgraded shares of UFP Industries from a "buy" rating to a "hold" rating in a research note on Wednesday, February 19th. Benchmark reaffirmed a "buy" rating and set a $135.00 target price on shares of UFP Industries in a research report on Wednesday, February 19th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $143.00.

About UFP Industries

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.