Dimensional Fund Advisors LP Has $213.09 Million Stock Holdings in UFP Industries, Inc. (NASDAQ:UFPI)

Dimensional Fund Advisors LP lowered its holdings in UFP Industries, Inc. (NASDAQ:UFPI - Free Report) by 4.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,891,560 shares of the construction company's stock after selling 89,528 shares during the period. Dimensional Fund Advisors LP owned about 3.12% of UFP Industries worth $213,085,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Smartleaf Asset Management LLC lifted its position in UFP Industries by 1,683.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 535 shares of the construction company's stock valued at $60,000 after purchasing an additional 505 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in shares of UFP Industries by 357.8% during the fourth quarter. Jones Financial Companies Lllp now owns 531 shares of the construction company's stock valued at $60,000 after buying an additional 415 shares during the last quarter. Principal Securities Inc. boosted its position in shares of UFP Industries by 39.8% during the fourth quarter. Principal Securities Inc. now owns 615 shares of the construction company's stock worth $69,000 after buying an additional 175 shares during the period. Kohmann Bosshard Financial Services LLC bought a new position in UFP Industries in the 4th quarter worth approximately $106,000. Finally, Blue Trust Inc. increased its position in UFP Industries by 62.1% in the 4th quarter. Blue Trust Inc. now owns 1,796 shares of the construction company's stock valued at $202,000 after acquiring an additional 688 shares during the period. 81.81% of the stock is currently owned by institutional investors and hedge funds.

UFP Industries Price Performance

Shares of UFP Industries stock traded up $0.29 during trading on Monday, hitting $107.03. The stock had a trading volume of 52,993 shares, compared to its average volume of 321,804. The business has a fifty day moving average of $106.87 and a two-hundred day moving average of $117.54. UFP Industries, Inc. has a fifty-two week low of $99.42 and a fifty-two week high of $141.33. The firm has a market cap of $6.51 billion, a P/E ratio of 15.82 and a beta of 1.45. 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 (NASDAQ:UFPI - Get Free Report) last posted its quarterly earnings results on Monday, February 17th. The construction company reported $1.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.24 by ($0.04). The business had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.43 billion. UFP Industries had a return on equity of 13.24% and a net margin of 6.23%. On average, sell-side analysts expect that UFP Industries, Inc. will post 7.08 earnings per share for the current fiscal year.

UFP Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Monday, March 3rd. This is a positive change from UFP Industries's previous quarterly dividend of $0.33. This represents a $1.40 dividend on an annualized basis and a yield of 1.31%. UFP Industries's dividend payout ratio is currently 20.68%.

Wall Street Analysts Forecast Growth

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

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.