OneDigital Investment Advisors LLC Acquires Shares of 6,244 UFP Industries, Inc. (NASDAQ:UFPI)

OneDigital Investment Advisors LLC acquired a new stake in shares of UFP Industries, Inc. (NASDAQ:UFPI - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 6,244 shares of the construction company's stock, valued at approximately $703,000.

Several other hedge funds have also recently made changes to their positions in UFPI. Norges Bank purchased a new stake in UFP Industries during the fourth quarter valued at approximately $83,149,000. Thrivent Financial for Lutherans increased its holdings in UFP Industries by 3,820.8% during the fourth quarter. Thrivent Financial for Lutherans now owns 561,142 shares of the construction company's stock valued at $63,212,000 after buying an additional 546,830 shares during the last quarter. Boston Partners increased its holdings in UFP Industries by 100.8% during the fourth quarter. Boston Partners now owns 672,231 shares of the construction company's stock valued at $75,736,000 after buying an additional 337,463 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in UFP Industries during the fourth quarter valued at approximately $30,457,000. Finally, First Trust Advisors LP increased its holdings in UFP Industries by 39.3% during the fourth quarter. First Trust Advisors LP now owns 791,886 shares of the construction company's stock valued at $89,206,000 after buying an additional 223,522 shares during the last quarter. 81.81% of the stock is owned by hedge funds and other institutional investors.

UFP Industries Price Performance

Shares of NASDAQ:UFPI traded up $1.08 during midday trading on Thursday, reaching $99.93. 639,198 shares of the company were exchanged, compared to its average volume of 329,617. The company has a current ratio of 4.88, a quick ratio of 3.25 and a debt-to-equity ratio of 0.07. The business's fifty day moving average is $106.35 and its two-hundred day moving average is $117.09. UFP Industries, Inc. has a one year low of $96.99 and a one year high of $141.33. The stock has a market cap of $6.08 billion, a PE ratio of 14.76 and a beta of 1.45.

UFP Industries (NASDAQ:UFPI - Get Free Report) last issued its earnings results on Monday, April 28th. The construction company reported $1.30 earnings per share for the quarter, missing analysts' consensus estimates 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 in the prior year, the company posted $1.96 EPS. UFP Industries's revenue was down 2.7% compared to the same quarter last year. As a group, analysts predict that UFP Industries, Inc. will post 7.08 earnings per share for the current year.

UFP Industries Announces Dividend

The firm 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 dividend of $0.35 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $1.40 annualized dividend and a yield of 1.40%. UFP Industries's dividend payout ratio (DPR) is currently 20.68%.

Analyst Ratings Changes

A number of analysts have commented on the stock. Benchmark reaffirmed a "buy" rating and set a $135.00 target price on shares of UFP Industries in a report on Wednesday, February 19th. StockNews.com cut shares of UFP Industries from a "buy" rating to a "hold" rating in a research note 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, UFP Industries has an average rating of "Moderate Buy" and an average target price 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.