Northern Trust Corp Boosts Stock Position in UFP Industries, Inc. (NASDAQ:UFPI)

Northern Trust Corp increased its holdings in shares of UFP Industries, Inc. (NASDAQ:UFPI - Free Report) by 9.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,111,147 shares of the construction company's stock after acquiring an additional 98,533 shares during the quarter. Northern Trust Corp owned approximately 1.83% of UFP Industries worth $125,171,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Two Sigma Securities LLC bought a new position in shares of UFP Industries during the 4th quarter worth $446,000. Hancock Whitney Corp lifted its stake in shares of UFP Industries by 7.4% during the 4th quarter. Hancock Whitney Corp now owns 3,040 shares of the construction company's stock valued at $342,000 after buying an additional 209 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its stake in UFP Industries by 39.1% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,546,745 shares of the construction company's stock valued at $174,241,000 after buying an additional 435,155 shares in the last quarter. Pinebridge Investments L.P. raised its holdings in UFP Industries by 42.7% during the 4th quarter. Pinebridge Investments L.P. now owns 12,463 shares of the construction company's stock valued at $1,404,000 after acquiring an additional 3,732 shares during the period. Finally, Dark Forest Capital Management LP purchased a new stake in shares of UFP Industries during the fourth quarter worth $208,000. Institutional investors own 81.81% of the company's stock.

UFP Industries Price Performance

NASDAQ:UFPI traded up $2.64 during midday trading on Thursday, hitting $99.55. The company had a trading volume of 288,882 shares, compared to its average volume of 332,782. The stock's fifty day moving average price is $105.51 and its 200-day moving average price is $115.82. UFP Industries, Inc. has a 52-week low of $92.97 and a 52-week high of $141.33. 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 capitalization of $6.05 billion, a PE ratio of 14.70 and a beta of 1.54.

UFP Industries (NASDAQ:UFPI - Get Free Report) last issued its quarterly earnings results on Monday, April 28th. The construction company reported $1.30 EPS for the quarter, missing analysts' consensus estimates of $1.57 by ($0.27). UFP Industries had a net margin of 6.23% and a return on equity of 13.24%. The business had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.61 billion. During the same quarter in the previous year, the business earned $1.96 earnings per share. The firm's revenue was down 2.7% on a year-over-year basis. As a group, research analysts expect that UFP Industries, Inc. will post 7.08 earnings per share for the current year.

UFP Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 1.41%. The ex-dividend date is Monday, June 2nd. UFP Industries's dividend payout ratio (DPR) is currently 22.91%.

Analyst Ratings Changes

A number of analysts recently issued reports on UFPI shares. StockNews.com cut UFP Industries from a "buy" rating to a "hold" rating in a report on Wednesday, February 19th. Benchmark reaffirmed a "buy" rating and set a $135.00 target price on shares of UFP Industries in a 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 company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $143.00.

UFP Industries 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.