UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 17,669 Shares of UFP Industries, Inc. (NASDAQ:UFPI)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of UFP Industries, Inc. (NASDAQ:UFPI - Free Report) by 17.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 117,166 shares of the construction company's stock after buying an additional 17,669 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.19% of UFP Industries worth $13,199,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Barclays PLC boosted its position in UFP Industries by 109.0% in the third quarter. Barclays PLC now owns 135,996 shares of the construction company's stock worth $17,844,000 after purchasing an additional 70,927 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of UFP Industries by 62.1% in the 4th quarter. Blue Trust Inc. now owns 1,796 shares of the construction company's stock worth $202,000 after purchasing an additional 688 shares during the period. Highland Capital Management LLC boosted its holdings in shares of UFP Industries by 6.6% in the fourth quarter. Highland Capital Management LLC now owns 2,222 shares of the construction company's stock worth $250,000 after buying an additional 138 shares during the last quarter. Copeland Capital Management LLC boosted its holdings in shares of UFP Industries by 0.3% in the fourth quarter. Copeland Capital Management LLC now owns 548,104 shares of the construction company's stock worth $61,744,000 after buying an additional 1,907 shares during the last quarter. Finally, Greenleaf Trust bought a new stake in UFP Industries during the fourth quarter valued at approximately $424,000. 81.81% of the stock is currently owned by hedge funds and other institutional investors.

UFP Industries Price Performance

UFP Industries stock traded up $1.88 during mid-day trading on Tuesday, hitting $97.65. The stock had a trading volume of 349,209 shares, compared to its average volume of 351,215. UFP Industries, Inc. has a one year low of $94.68 and a one year high of $141.33. 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 firm has a market capitalization of $5.90 billion, a P/E ratio of 14.42 and a beta of 1.54. The firm's 50 day moving average is $102.36 and its 200 day moving average is $111.71.

UFP Industries (NASDAQ:UFPI - Get Free Report) last released its 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). The business had revenue of $1.60 billion for the quarter, compared to analysts' expectations of $1.61 billion. UFP Industries had a return on equity of 13.24% and a net margin of 6.23%. The business's revenue for the quarter was down 2.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.96 EPS. On average, sell-side analysts forecast that UFP Industries, Inc. will post 7.08 earnings per share for the current fiscal year.

UFP Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be given 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 payout ratio is currently 22.91%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on UFPI. Benchmark reiterated a "buy" rating and set a $135.00 price target on shares of UFP Industries in a research note on Wednesday, February 19th. Wall Street Zen downgraded UFP Industries from a "buy" rating to a "hold" rating in a research report on Wednesday, February 19th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, UFP Industries has an average 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.