Raymond James Financial Services Advisors Inc. Purchases 32,534 Shares of UFP Industries, Inc. (NASDAQ:UFPI)

Raymond James Financial Services Advisors Inc. raised its position in UFP Industries, Inc. (NASDAQ:UFPI - Free Report) by 559.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,348 shares of the construction company's stock after purchasing an additional 32,534 shares during the quarter. Raymond James Financial Services Advisors Inc. owned approximately 0.06% of UFP Industries worth $4,815,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Kestra Advisory Services LLC boosted its stake in shares of UFP Industries by 1.1% during the 3rd quarter. Kestra Advisory Services LLC now owns 9,805 shares of the construction company's stock worth $1,004,000 after acquiring an additional 103 shares in the last quarter. Arizona State Retirement System boosted its stake in UFP Industries by 0.8% during the 3rd quarter. Arizona State Retirement System now owns 17,680 shares of the construction company's stock valued at $1,810,000 after purchasing an additional 134 shares during the period. Advisor Partners II LLC boosted its stake in UFP Industries by 3.3% during the 4th quarter. Advisor Partners II LLC now owns 4,597 shares of the construction company's stock valued at $364,000 after purchasing an additional 146 shares during the period. Mackenzie Financial Corp boosted its stake in UFP Industries by 3.3% during the 1st quarter. Mackenzie Financial Corp now owns 4,771 shares of the construction company's stock valued at $368,000 after purchasing an additional 152 shares during the period. Finally, Westover Capital Advisors LLC boosted its stake in UFP Industries by 3.0% during the 3rd quarter. Westover Capital Advisors LLC now owns 5,420 shares of the construction company's stock valued at $555,000 after purchasing an additional 160 shares during the period. Institutional investors own 81.81% of the company's stock.

UFP Industries Stock Performance

UFP Industries stock traded up $0.60 during trading hours on Friday, hitting $118.81. The stock had a trading volume of 182,774 shares, compared to its average volume of 305,654. The company has a 50-day moving average of $116.37 and a two-hundred day moving average of $112.04. The company has a quick ratio of 3.12, a current ratio of 4.41 and a debt-to-equity ratio of 0.08. The company has a market cap of $7.31 billion, a PE ratio of 14.74 and a beta of 1.49. UFP Industries, Inc. has a fifty-two week low of $75.71 and a fifty-two week high of $128.65.

UFP Industries (NASDAQ:UFPI - Get Free Report) last issued its earnings results on Tuesday, February 20th. The construction company reported $1.62 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.68 by ($0.06). UFP Industries had a return on equity of 17.86% and a net margin of 7.12%. The company had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.61 billion. During the same period in the previous year, the company posted $2.10 earnings per share. The company's quarterly revenue was down 20.3% on a year-over-year basis. On average, equities research analysts anticipate that UFP Industries, Inc. will post 7.39 EPS for the current fiscal year.

UFP Industries Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were issued a $0.33 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This is a boost from UFP Industries's previous quarterly dividend of $0.20. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.11%. UFP Industries's dividend payout ratio is presently 16.38%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on UFPI. StockNews.com downgraded UFP Industries from a "strong-buy" rating to a "buy" rating in a research note on Thursday. Stifel Nicolaus increased their target price on UFP Industries from $115.00 to $125.00 and gave the company a "buy" rating in a research note on Wednesday, February 21st. Wedbush reaffirmed a "neutral" rating and issued a $102.00 price target on shares of UFP Industries in a report on Thursday, February 22nd. Finally, Benchmark upped their price target on UFP Industries from $120.00 to $137.00 and gave the company a "buy" rating in a report on Wednesday, February 21st. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $114.00.

Insider Transactions at UFP Industries

In other UFP Industries news, CEO Matthew J. Missad sold 5,018 shares of the business's stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $114.05, for a total value of $572,302.90. Following the transaction, the chief executive officer now owns 363,328 shares of the company's stock, valued at $41,437,558.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.58% of the stock is currently owned by insiders.

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.