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

Henrickson Nauta Wealth Advisors Inc. boosted its stake in shares of UFP Industries, Inc. (NASDAQ:UFPI - Free Report) by 7.4% during 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 buying an additional 16,056 shares during the period. UFP Industries accounts for 10.0% of Henrickson Nauta Wealth Advisors Inc.'s investment 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 filing with the SEC.

Several other large investors also recently added to or reduced their stakes in UFPI. CIBC Asset Management Inc increased its holdings in shares of UFP Industries by 5.4% during the 4th quarter. CIBC Asset Management Inc now owns 1,895 shares of the construction company's stock worth $213,000 after buying an additional 97 shares during the last quarter. Robertson Stephens Wealth Management LLC increased its stake in UFP Industries by 5.7% during the fourth quarter. Robertson Stephens Wealth Management LLC now owns 1,914 shares of the construction company's stock worth $216,000 after acquiring an additional 104 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its position in UFP Industries by 2.4% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 4,382 shares of the construction company's stock valued at $494,000 after purchasing an additional 104 shares during the period. Mitsubishi UFJ Trust & Banking Corp lifted its stake in shares of UFP Industries by 6.2% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,796 shares of the construction company's stock valued at $202,000 after purchasing an additional 105 shares during the last quarter. Finally, Park Avenue Securities LLC lifted its stake in shares of UFP Industries by 6.5% in the 1st quarter. Park Avenue Securities LLC now owns 2,221 shares of the construction company's stock valued at $238,000 after purchasing an additional 136 shares during the last quarter. 81.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on UFPI shares. Benchmark reiterated a "buy" rating and issued a $135.00 target price on shares of UFP Industries in a report on Wednesday, February 19th. Wall Street Zen lowered UFP Industries from a "buy" rating to a "hold" rating in a research note on Wednesday, February 19th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $143.00.

UFP Industries Stock Performance

NASDAQ:UFPI opened at $96.58 on Monday. UFP Industries, Inc. has a 52 week low of $94.68 and a 52 week high of $141.33. The company has a fifty day simple moving average of $101.78 and a two-hundred day simple moving average of $110.91. The company has a quick ratio of 3.25, a current ratio of 4.88 and a debt-to-equity ratio of 0.07. The company has a market cap of $5.83 billion, a price-to-earnings ratio of 14.27 and a beta of 1.49.

UFP Industries (NASDAQ:UFPI - Get Free Report) last issued 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). UFP Industries had a return on equity of 13.24% and a net margin of 6.23%. The company had revenue of $1.60 billion for the quarter, compared to analysts' expectations of $1.61 billion. During the same quarter last year, the company earned $1.96 EPS. UFP Industries's revenue for the quarter was down 2.7% compared to the same quarter last year. As a group, equities analysts anticipate that UFP Industries, Inc. will post 7.08 earnings per share for the current fiscal year.

UFP Industries Dividend Announcement

The company also recently disclosed 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 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date of this dividend is Monday, June 2nd. UFP Industries's dividend payout ratio is presently 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.

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