UFP Industries, Inc. (NASDAQ:UFPI) Shares Sold by Ethic Inc.

Ethic Inc. decreased its holdings in shares of UFP Industries, Inc. (NASDAQ:UFPI) by 39.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,999 shares of the construction company’s stock after selling 1,311 shares during the quarter. Ethic Inc.’s holdings in UFP Industries were worth $225,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Jones Financial Companies Lllp lifted its holdings in shares of UFP Industries by 357.8% during the 4th quarter. Jones Financial Companies Lllp now owns 531 shares of the construction company’s stock valued at $60,000 after acquiring an additional 415 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of UFP Industries by 1,683.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 535 shares of the construction company’s stock valued at $60,000 after acquiring an additional 505 shares in the last quarter. Kapitalo Investimentos Ltda acquired a new position in shares of UFP Industries during the 4th quarter valued at $61,000. Principal Securities Inc. lifted its holdings in shares of UFP Industries by 39.8% during the 4th quarter. Principal Securities Inc. now owns 615 shares of the construction company’s stock valued at $69,000 after acquiring an additional 175 shares in the last quarter. Finally, Kohmann Bosshard Financial Services LLC acquired a new position in shares of UFP Industries during the 4th quarter valued at $106,000. Institutional investors and hedge funds own 81.81% of the company’s stock.

Wall Street Analysts Forecast Growth

UFPI has been the topic of several analyst reports. Benchmark reaffirmed a “buy” rating and set a $135.00 price target on shares of UFP Industries in a research note on Wednesday, February 19th. StockNews.com downgraded 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. Based on data from MarketBeat, UFP Industries presently has a consensus rating of “Moderate Buy” and a consensus target price of $143.00.

UFP Industries Stock Performance

UFP Industries stock opened at $102.59 on Friday. UFP Industries, Inc. has a 12-month low of $95.90 and a 12-month high of $141.33. The company has a market capitalization of $6.20 billion, a price-to-earnings ratio of 15.15 and a beta of 1.54. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.88 and a quick ratio of 3.25. The firm’s fifty day moving average price is $104.74 and its 200 day moving average price is $114.39.

UFP Industries (NASDAQ:UFPI) last released its earnings results on Monday, April 28th. The construction company reported $1.30 earnings per share for the quarter, missing the consensus estimate of $1.57 by ($0.27). The company had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.61 billion. UFP Industries had a return on equity of 13.24% and a net margin of 6.23%. UFP Industries’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.96 EPS. On average, research analysts forecast that UFP Industries, Inc. will post 7.08 EPS for the current fiscal year.

UFP Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 1.36%. The ex-dividend date is Monday, June 2nd. UFP Industries’s payout ratio is currently 22.91%.

UFP Industries Company 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.