Twinbeech Capital LP Purchases 57,955 Shares of UFP Industries, Inc. (NASDAQ:UFPI)

Twinbeech Capital LP increased its holdings in shares of UFP Industries, Inc. (NASDAQ:UFPI - Free Report) by 745.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 65,727 shares of the construction company's stock after purchasing an additional 57,955 shares during the quarter. Twinbeech Capital LP owned approximately 0.11% of UFP Industries worth $7,404,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Smartleaf Asset Management LLC lifted 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 acquiring an additional 505 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in UFP Industries by 357.8% in the fourth quarter. Jones Financial Companies Lllp now owns 531 shares of the construction company's stock valued at $60,000 after acquiring an additional 415 shares during the last quarter. Kapitalo Investimentos Ltda acquired a new stake in UFP Industries in the fourth quarter valued at $61,000. Principal Securities Inc. lifted its stake in UFP Industries by 39.8% in the fourth quarter. Principal Securities Inc. now owns 615 shares of the construction company's stock valued at $69,000 after acquiring an additional 175 shares during the last quarter. Finally, Kohmann Bosshard Financial Services LLC acquired a new stake in UFP Industries in the fourth quarter valued at $106,000. Institutional investors and hedge funds own 81.81% of the company's stock.

UFP Industries Stock Performance

NASDAQ:UFPI traded down $1.34 during mid-day trading on Friday, reaching $96.35. 435,199 shares of the company's stock were exchanged, compared to its average volume of 347,580. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.25 and a current ratio of 4.88. UFP Industries, Inc. has a one year low of $95.90 and a one year high of $141.33. The firm has a market capitalization of $5.82 billion, a PE ratio of 14.23 and a beta of 1.54. The business's fifty day simple moving average is $104.02 and its two-hundred day simple moving average is $113.44.

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 for the quarter, missing analysts' consensus estimates of $1.57 by ($0.27). UFP Industries had a net margin of 6.23% and a return on equity of 13.24%. The company had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.61 billion. During the same quarter in the previous year, the business posted $1.96 earnings per share. The company's revenue for the quarter was down 2.7% on a year-over-year basis. Analysts anticipate 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. Investors of record on Monday, June 2nd will be given a dividend of $0.35 per share. The ex-dividend date of this dividend 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 presently 22.91%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on UFPI. Benchmark reissued a "buy" rating and issued a $135.00 price objective on shares of UFP Industries in a research report on Wednesday, February 19th. Wall Street Zen lowered shares of UFP Industries from a "buy" rating to a "hold" rating in a research report on Wednesday, February 19th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target 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.