Deutsche Bank AG Sells 7,835 Shares of UFP Industries, Inc. (NASDAQ:UFPI)

Deutsche Bank AG trimmed its position in UFP Industries, Inc. (NASDAQ:UFPI - Free Report) by 12.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 52,765 shares of the construction company's stock after selling 7,835 shares during the period. Deutsche Bank AG owned 0.09% of UFP Industries worth $5,944,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the company. CIBC Asset Management Inc lifted its stake in shares of UFP Industries by 5.4% in the 4th quarter. CIBC Asset Management Inc now owns 1,895 shares of the construction company's stock valued at $213,000 after acquiring an additional 97 shares during the last quarter. Robertson Stephens Wealth Management LLC raised its position in shares of 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 shares of UFP Industries by 2.4% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 4,382 shares of the construction company's stock worth $494,000 after acquiring an additional 104 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its position in shares of UFP Industries by 6.2% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,796 shares of the construction company's stock worth $202,000 after acquiring an additional 105 shares during the last quarter. Finally, Highland Capital Management LLC raised its position in shares of UFP Industries by 6.6% during the fourth quarter. Highland Capital Management LLC now owns 2,222 shares of the construction company's stock worth $250,000 after acquiring an additional 138 shares during the last quarter. 81.81% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Benchmark restated a "buy" rating and set a $135.00 price objective on shares of UFP Industries in a research report 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 investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $143.00.

UFP Industries Trading Down 0.6%

Shares of UFPI stock traded down $0.55 during mid-day trading on Thursday, hitting $97.69. The company's stock had a trading volume of 307,490 shares, compared to its average volume of 345,582. The company's fifty day simple moving average is $104.44 and its 200-day simple moving average is $113.98. UFP Industries, Inc. has a 52 week low of $94.71 and a 52 week high of $141.33. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.25 and a current ratio of 4.88. The company has a market cap of $5.90 billion, a PE ratio of 14.43 and a beta of 1.54.

UFP Industries (NASDAQ:UFPI - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.61 billion. During the same period last year, the business posted $1.96 earnings per share. The business's revenue was down 2.7% on a year-over-year basis. As a group, equities research analysts expect that UFP Industries, Inc. will post 7.08 earnings per share for the current fiscal year.

UFP Industries Announces Dividend

The company 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 $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date of this dividend is Monday, June 2nd. UFP Industries's payout ratio is 22.91%.

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.