UFP Industries, Inc. (NASDAQ:UFPI) Shares Bought by Henrickson Nauta Wealth Advisors Inc.

Henrickson Nauta Wealth Advisors Inc. boosted its holdings in UFP Industries, Inc. (NASDAQ:UFPI - Free Report) by 7.4% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 233,470 shares of the construction company's stock after purchasing an additional 16,056 shares during the period. UFP Industries comprises 10.0% of Henrickson Nauta Wealth Advisors Inc.'s portfolio, making the stock its 2nd largest position. Henrickson Nauta Wealth Advisors Inc. owned 0.38% of UFP Industries worth $24,699,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of UFPI. Putney Financial Group LLC acquired a new stake in shares of UFP Industries in the 4th quarter valued at about $30,000. Smartleaf Asset Management LLC increased its holdings 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 buying an additional 505 shares during the last quarter. Jones Financial Companies Lllp raised its stake in UFP Industries by 357.8% during the fourth quarter. Jones Financial Companies Lllp now owns 531 shares of the construction company's stock valued at $60,000 after buying an additional 415 shares in the last quarter. Kapitalo Investimentos Ltda bought a new position in UFP Industries during the 4th quarter worth approximately $61,000. Finally, UMB Bank n.a. lifted its holdings in UFP Industries by 182.1% during the 1st quarter. UMB Bank n.a. now owns 567 shares of the construction company's stock worth $61,000 after buying an additional 366 shares during the last quarter. Institutional investors and hedge funds own 81.81% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on UFPI shares. Benchmark reiterated a "buy" rating and issued a $135.00 price target on shares of UFP Industries in a report on Wednesday, February 19th. Wall Street Zen lowered 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 stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $143.00.

UFP Industries Stock Performance

NASDAQ:UFPI traded down $0.39 during midday trading on Thursday, reaching $97.60. 262,613 shares of the company traded hands, compared to its average volume of 355,524. The firm has a market capitalization of $5.89 billion, a price-to-earnings ratio of 14.42 and a beta of 1.49. The company has a fifty day moving average price of $101.30 and a 200 day moving average price of $110.50. 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 $94.68 and a twelve month high of $141.33.

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 (EPS) for the quarter, missing the consensus estimate of $1.57 by ($0.27). UFP Industries had a net margin of 6.23% and a return on equity of 13.24%. The firm had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.61 billion. During the same period last year, the firm posted $1.96 EPS. The business's revenue was down 2.7% compared to the same quarter last year. On average, analysts expect 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 given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 1.43%. The ex-dividend date of this dividend is Monday, June 2nd. UFP Industries's dividend payout ratio (DPR) is 22.91%.

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.