ProShare Advisors LLC Boosts Stock Position in UFP Industries, Inc. (NASDAQ:UFPI)

ProShare Advisors LLC lifted its holdings in UFP Industries, Inc. (NASDAQ:UFPI - Free Report) by 41.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,886 shares of the construction company's stock after purchasing an additional 5,794 shares during the quarter. ProShare Advisors LLC's holdings in UFP Industries were worth $2,240,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in UFPI. Norges Bank purchased a new stake in UFP Industries in the fourth quarter valued at about $83,149,000. Thrivent Financial for Lutherans increased its holdings in shares of UFP Industries by 3,820.8% during the fourth quarter. Thrivent Financial for Lutherans now owns 561,142 shares of the construction company's stock valued at $63,212,000 after acquiring an additional 546,830 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its position in shares of 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 valued at $174,241,000 after purchasing an additional 435,155 shares during the last quarter. Boston Partners boosted its stake in UFP Industries by 100.8% in the 4th quarter. Boston Partners now owns 672,231 shares of the construction company's stock worth $75,736,000 after purchasing an additional 337,463 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in UFP Industries during the 4th quarter valued at approximately $30,457,000. Institutional investors and hedge funds own 81.81% of the company's stock.

UFP Industries Stock Performance

NASDAQ UFPI traded down $1.34 on Monday, reaching $96.35. 435,199 shares of the company's stock traded hands, compared to its average volume of 347,580. UFP Industries, Inc. has a fifty-two week low of $95.90 and a fifty-two week high of $141.33. 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 firm has a market cap of $5.82 billion, a price-to-earnings ratio of 14.23 and a beta of 1.54. The stock has a 50 day moving average price of $104.02 and a 200-day moving average price of $113.30.

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

UFP Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders 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 dividend on an annualized basis and a dividend yield of 1.45%. UFP Industries's payout ratio is currently 22.91%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Wall Street Zen lowered 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 report on Wednesday, February 19th. Two equities research analysts have rated the stock with a hold rating and three have assigned 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.

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.