Northwest & Ethical Investments L.P. Buys 500 Shares of UFP Industries, Inc. (NASDAQ:UFPI)

Northwest & Ethical Investments L.P. lifted its stake in shares of UFP Industries, Inc. (NASDAQ:UFPI) by 21.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,875 shares of the construction company’s stock after acquiring an additional 500 shares during the quarter. Northwest & Ethical Investments L.P.’s holdings in UFP Industries were worth $323,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in UFPI. CIBC Asset Management Inc boosted its stake in UFP Industries by 5.4% in the 4th 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. Robertson Stephens Wealth Management LLC boosted its stake in UFP Industries by 5.7% in the 4th quarter. Robertson Stephens Wealth Management LLC now owns 1,914 shares of the construction company’s stock worth $216,000 after purchasing an additional 104 shares during the period. Envestnet Portfolio Solutions Inc. boosted its stake in UFP Industries by 2.4% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 4,382 shares of the construction company’s stock worth $494,000 after purchasing an additional 104 shares during the period. Kingsview Wealth Management LLC boosted its stake in UFP Industries by 1.8% in the 3rd quarter. Kingsview Wealth Management LLC now owns 6,268 shares of the construction company’s stock worth $822,000 after purchasing an additional 113 shares during the period. Finally, Highland Capital Management LLC boosted its stake in UFP Industries by 6.6% in the 4th quarter. Highland Capital Management LLC now owns 2,222 shares of the construction company’s stock worth $250,000 after purchasing an additional 138 shares during the period. 81.81% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on UFPI shares. Benchmark restated a “buy” rating and issued a $135.00 price target on shares of UFP Industries in a research note on Wednesday, February 19th. StockNews.com cut UFP Industries from a “buy” rating to a “hold” rating in a report on Wednesday, February 19th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, UFP Industries presently has an average rating of “Moderate Buy” and a consensus target price of $143.00.

UFP Industries Stock Down 0.4 %

Shares of UFPI opened at $107.50 on Friday. The stock has a market capitalization of $6.54 billion, a price-to-earnings ratio of 15.88 and a beta of 1.52. UFP Industries, Inc. has a 1 year low of $102.35 and a 1 year high of $141.33. The business’s 50 day simple moving average is $112.19 and its 200-day simple moving average is $121.23. 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) last issued its quarterly earnings data 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). UFP Industries had a return on equity of 13.24% and a net margin of 6.23%. The firm had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.43 billion. As a group, equities analysts expect that UFP Industries, Inc. will post 7.08 earnings per share for the current fiscal year.

UFP Industries Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 1.30%. 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. UFP Industries’s dividend payout ratio is presently 20.68%.

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.