Teacher Retirement System of Texas Has $7.30 Million Holdings in UFP Industries, Inc. $UFPI

Key Points

• Teacher Retirement System of Texas raised its stake in UFP Industries by 15.2% in Q4 to 80,149 shares, worth about $7.30 million (roughly 0.14% of the company).
• UFP's most recent quarter missed earnings and revenue estimates — EPS $0.70 vs. $1.03 expected and revenue of $1.33B, down 9% year-over-year.
• The company announced a quarterly dividend of $0.36 (annualized $1.44, ~1.5% yield), while analysts maintain a consensus "Hold" rating with an average price target of $107.00.

Teacher Retirement System of Texas increased its holdings in UFP Industries, Inc. (NASDAQ:UFPI - Free Report) by 15.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 80,149 shares of the construction company's stock after acquiring an additional 10,565 shares during the period. Teacher Retirement System of Texas owned about 0.14% of UFP Industries worth $7,298,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. AlphaQuest LLC raised its holdings in shares of UFP Industries by 822.7% in the 3rd quarter. AlphaQuest LLC now owns 8,480 shares of the construction company's stock worth $793,000 after acquiring an additional 7,561 shares during the last quarter. New York State Common Retirement Fund raised its holdings in shares of UFP Industries by 117.5% in the 3rd quarter. New York State Common Retirement Fund now owns 86,589 shares of the construction company's stock worth $8,095,000 after acquiring an additional 46,775 shares during the last quarter. Deprince Race & Zollo Inc. acquired a new stake in shares of UFP Industries in the 3rd quarter worth about $41,962,000. Allspring Global Investments Holdings LLC raised its holdings in shares of UFP Industries by 2.0% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,247,346 shares of the construction company's stock worth $114,980,000 after acquiring an additional 23,905 shares during the last quarter. Finally, Numerai GP LLC acquired a new stake in shares of UFP Industries in the 3rd quarter worth about $3,562,000. Institutional investors and hedge funds own 81.81% of the company's stock.

UFP Industries Stock Performance

Shares of UFPI stock opened at $94.90 on Monday. UFP Industries, Inc. has a 52-week low of $84.82 and a 52-week high of $118.00. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.13 and a current ratio of 4.59. The company has a 50-day simple moving average of $96.10 and a two-hundred day simple moving average of $96.24. The company has a market capitalization of $5.39 billion, a price-to-earnings ratio of 19.02 and a beta of 1.44.

UFP Industries (NASDAQ:UFPI - Get Free Report) last issued its quarterly earnings data on Monday, February 23rd. The construction company reported $0.70 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.03 by ($0.33). UFP Industries had a return on equity of 9.27% and a net margin of 4.66%.The firm had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.40 billion. During the same period in the previous year, the company posted $1.12 earnings per share. The company's revenue for the quarter was down 9.0% on a year-over-year basis. Research analysts anticipate that UFP Industries, Inc. will post 5.19 EPS for the current fiscal year.

UFP Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Monday, June 1st. UFP Industries's dividend payout ratio is presently 28.86%.

Analyst Ratings Changes

A number of research firms recently weighed in on UFPI. Weiss Ratings restated a "hold (c-)" rating on shares of UFP Industries in a report on Tuesday, January 27th. DA Davidson lowered their target price on shares of UFP Industries from $112.00 to $110.00 and set a "buy" rating on the stock in a report on Tuesday, March 10th. BMO Capital Markets restated a "market perform" rating and issued a $108.00 target price (down from $112.00) on shares of UFP Industries in a report on Monday, April 20th. Finally, Zacks Research lowered shares of UFP Industries from a "hold" rating to a "strong sell" rating in a report on Tuesday, March 17th. One equities research analyst has rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, UFP Industries presently has a consensus rating of "Hold" and an average price target of $107.00.

UFP Industries Profile

UFP Industries, Inc, founded in 1955 and headquartered in Grand Rapids, Michigan, designs, manufactures, and distributes a broad range of wood and wood-alternative products. The company operates through two primary segments: UFP Retail Solutions, which supplies building materials and components to home improvement retailers and lumber dealers, and UFP Distribution Solutions, which offers packaging, pallets, skids, and other industrial products for a variety of end markets. Its product portfolio includes treated and untreated lumber, engineered wood, decking, railing, fencing, vinyl sheets and profiles, and custom-designed packaging solutions.

With manufacturing facilities and distribution centers across the United States, Canada, Mexico and Europe, UFP Industries serves professional contractors, industrial customers, and do-it-yourself consumers.

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