CANADA LIFE ASSURANCE Co Has $4.93 Million Stock Holdings in UFP Industries, Inc. (NASDAQ:UFPI)

CANADA LIFE ASSURANCE Co trimmed its position in UFP Industries, Inc. (NASDAQ:UFPI) by 3.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 43,747 shares of the construction company’s stock after selling 1,786 shares during the quarter. CANADA LIFE ASSURANCE Co’s holdings in UFP Industries were worth $4,925,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of UFPI. JPMorgan Chase & Co. raised its holdings in UFP Industries by 10.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 631,404 shares of the construction company’s stock worth $82,847,000 after acquiring an additional 60,859 shares during the period. Allspring Global Investments Holdings LLC increased its stake in shares of UFP Industries by 3.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 919,018 shares of the construction company’s stock worth $102,158,000 after purchasing an additional 31,381 shares during the period. CIBC Asset Management Inc increased its stake in shares of UFP Industries by 5.4% in the fourth quarter. CIBC Asset Management Inc now owns 1,895 shares of the construction company’s stock worth $213,000 after purchasing an additional 97 shares during the period. Franklin Resources Inc. lifted its position in shares of UFP Industries by 18.2% during the 3rd quarter. Franklin Resources Inc. now owns 1,225,972 shares of the construction company’s stock worth $169,675,000 after purchasing an additional 188,969 shares during the last quarter. Finally, Argent Capital Management LLC boosted its stake in UFP Industries by 35.8% during the 4th quarter. Argent Capital Management LLC now owns 12,306 shares of the construction company’s stock valued at $1,386,000 after purchasing an additional 3,241 shares during the period. 81.81% of the stock is owned by institutional investors.

UFP Industries Price Performance

Shares of NASDAQ:UFPI opened at $107.97 on Friday. The business’s 50 day moving average is $107.02 and its 200-day moving average is $117.99. 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 firm has a market capitalization of $6.57 billion, a PE ratio of 15.95 and a beta of 1.45. UFP Industries, Inc. has a 1-year low of $99.42 and a 1-year high of $141.33.

UFP Industries (NASDAQ:UFPI) last announced 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 the consensus estimate of $1.43 billion. UFP Industries had a net margin of 6.23% and a return on equity of 13.24%. Sell-side analysts predict that UFP Industries, Inc. will post 7.08 earnings per share for the current year.

UFP Industries Increases Dividend

The firm also recently declared 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. This is a boost from UFP Industries’s previous quarterly dividend of $0.33. The ex-dividend date was Monday, March 3rd. This represents a $1.40 dividend on an annualized basis and a yield of 1.30%. UFP Industries’s dividend payout ratio (DPR) is currently 20.68%.

Analysts Set New Price Targets

A number of research analysts have recently commented on UFPI shares. StockNews.com lowered UFP Industries from a “buy” rating to a “hold” rating in a report on Wednesday, February 19th. Benchmark reiterated a “buy” rating and set a $135.00 target price on shares of UFP Industries in a research note on Wednesday, February 19th. Two 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 currently has a consensus rating of “Moderate Buy” and a consensus 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.