Man Group plc Has $5.90 Million Holdings in UFP Industries, Inc. (NASDAQ:UFPI)

Man Group plc decreased its holdings in shares of UFP Industries, Inc. (NASDAQ:UFPI - Free Report) by 6.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 52,336 shares of the construction company's stock after selling 3,400 shares during the period. Man Group plc owned about 0.09% of UFP Industries worth $5,896,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in UFPI. Nomura Holdings Inc. acquired a new position in shares of UFP Industries during the fourth quarter valued at $906,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in UFP Industries by 3.9% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,682 shares of the construction company's stock valued at $3,907,000 after purchasing an additional 1,301 shares in the last quarter. Gotham Asset Management LLC increased its position 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 valued at $300,000 after purchasing an additional 584 shares during the period. Focus Partners Wealth raised its stake in shares of UFP Industries by 39.0% in the 4th quarter. Focus Partners Wealth now owns 4,343 shares of the construction company's stock worth $492,000 after buying an additional 1,218 shares in the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of UFP Industries in the fourth quarter valued at $1,959,000. Institutional investors own 81.81% of the company's stock.

UFP Industries Trading Down 1.4%

NASDAQ UFPI traded down $1.34 on Monday, hitting $96.35. 435,199 shares of the company were exchanged, compared to its average volume of 347,580. The company's 50 day moving average price is $104.02 and its 200-day moving average price is $113.30. The firm has a market capitalization of $5.82 billion, a P/E ratio of 14.23 and a beta of 1.54. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.88 and a quick ratio of 3.25. UFP Industries, Inc. has a twelve month low of $95.90 and a twelve month high of $141.33.

UFP Industries (NASDAQ:UFPI - Get Free Report) last announced its quarterly earnings data 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 return on equity of 13.24% and a net margin of 6.23%. The business had revenue of $1.60 billion during the quarter, compared to analysts' expectations of $1.61 billion. During the same period in the prior year, the company posted $1.96 earnings per share. The firm's revenue was down 2.7% on a year-over-year basis. Analysts predict that UFP Industries, Inc. will post 7.08 earnings per share for the current fiscal year.

UFP Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date of this dividend is Monday, June 2nd. UFP Industries's dividend payout ratio (DPR) is currently 22.91%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Benchmark reaffirmed a "buy" rating and set a $135.00 target price on shares of UFP Industries in a report on Wednesday, February 19th. Wall Street Zen cut shares of 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. According to data from MarketBeat, UFP Industries presently has a consensus rating of "Moderate Buy" and an average price target of $143.00.

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.