XTX Topco Ltd Takes $343,000 Position in UFP Industries, Inc. (NASDAQ:UFPI)

XTX Topco Ltd acquired a new stake in shares of UFP Industries, Inc. (NASDAQ:UFPI - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 3,042 shares of the construction company's stock, valued at approximately $343,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Norges Bank purchased a new position in UFP Industries in the 4th quarter worth approximately $83,149,000. Thrivent Financial for Lutherans raised its position 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 purchasing an additional 546,830 shares in the last quarter. Boston Partners boosted its holdings in shares of UFP Industries by 100.8% in the 4th quarter. Boston Partners now owns 672,231 shares of the construction company's stock worth $75,736,000 after purchasing an additional 337,463 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of UFP Industries during the 4th quarter valued at about $30,457,000. Finally, Franklin Resources Inc. grew its position in UFP Industries by 18.2% during the third quarter. Franklin Resources Inc. now owns 1,225,972 shares of the construction company's stock valued at $169,675,000 after acquiring an additional 188,969 shares during the last quarter. 81.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

UFPI has been the subject of a number of recent research reports. Benchmark reissued a "buy" rating and issued a $135.00 target price 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 report on Wednesday, February 19th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $143.00.

UFP Industries Price Performance

Shares of UFPI stock traded down $7.20 on Tuesday, hitting $99.39. 193,861 shares of the stock traded hands, compared to its average volume of 322,819. 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 $97.66 and a 52 week high of $141.33. The firm has a 50 day simple moving average of $106.74 and a two-hundred day simple moving average of $117.33. The firm has a market cap of $6.04 billion, a price-to-earnings ratio of 14.61 and a beta of 1.45.

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

UFP Industries Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a $0.35 dividend. The ex-dividend date 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 dividend yield of 1.41%. UFP Industries's dividend payout ratio (DPR) is 20.68%.

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.