Marshall Wace LLP Has $638,000 Stock Holdings in UFP Industries, Inc. (NASDAQ:UFPI)

Marshall Wace LLP decreased its position in shares of UFP Industries, Inc. (NASDAQ:UFPI - Free Report) by 53.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,668 shares of the construction company's stock after selling 6,485 shares during the period. Marshall Wace LLP's holdings in UFP Industries were worth $638,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. CIBC Asset Management Inc grew its holdings in UFP Industries by 5.4% during the fourth quarter. CIBC Asset Management Inc now owns 1,895 shares of the construction company's stock worth $213,000 after acquiring an additional 97 shares during the period. Robertson Stephens Wealth Management LLC boosted 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 buying an additional 104 shares during the period. Envestnet Portfolio Solutions Inc. increased its stake in 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 purchasing an additional 104 shares during the period. Mitsubishi UFJ Trust & Banking Corp boosted its position in 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 buying an additional 105 shares during the period. Finally, Highland Capital Management LLC boosted its stake in shares of UFP Industries by 6.6% in the 4th quarter. Highland Capital Management LLC now owns 2,222 shares of the construction company's stock valued at $250,000 after buying an additional 138 shares during the period. Institutional investors and hedge funds own 81.81% of the company's stock.

UFP Industries Trading Down 1.1 %

NASDAQ UFPI traded down $1.05 on Wednesday, hitting $96.95. 564,041 shares of the stock were exchanged, compared to its average volume of 332,845. 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 52-week low of $95.90 and a 52-week high of $141.33. The company's 50-day moving average price is $105.51 and its two-hundred day moving average price is $115.82. The company has a market capitalization of $5.90 billion, a price-to-earnings ratio of 14.32 and a beta of 1.54.

UFP Industries (NASDAQ:UFPI - Get Free Report) last posted its earnings results on Monday, April 28th. The construction company reported $1.30 EPS 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 the consensus estimate of $1.61 billion. During the same quarter last year, the business earned $1.96 EPS. UFP Industries's quarterly revenue was down 2.7% compared to the same quarter last year. Research analysts predict that UFP Industries, Inc. will post 7.08 EPS for the current year.

UFP Industries Dividend Announcement

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 1.44%. The ex-dividend date is Monday, June 2nd. UFP Industries's dividend payout ratio is 22.91%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on UFPI shares. Benchmark restated a "buy" rating and set a $135.00 price target on shares of UFP Industries in a research note on Wednesday, February 19th. StockNews.com lowered shares of UFP Industries from a "buy" rating to a "hold" rating in a research report on Wednesday, February 19th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $143.00.

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.