Impact Capital Partners LLC Invests $550,000 in UFP Industries, Inc. (NASDAQ:UFPI)

Impact Capital Partners LLC purchased a new position in UFP Industries, Inc. (NASDAQ:UFPI) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 4,883 shares of the construction company’s stock, valued at approximately $550,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. JPMorgan Chase & Co. lifted its holdings in shares of UFP Industries by 10.7% in the third quarter. JPMorgan Chase & Co. now owns 631,404 shares of the construction company’s stock worth $82,847,000 after buying an additional 60,859 shares in the last quarter. Citigroup Inc. lifted its holdings in shares of UFP Industries by 50.7% in the third quarter. Citigroup Inc. now owns 119,426 shares of the construction company’s stock worth $15,670,000 after buying an additional 40,162 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings 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 buying an additional 31,381 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of UFP Industries by 0.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 769,841 shares of the construction company’s stock worth $101,011,000 after buying an additional 4,006 shares in the last quarter. Finally, Seizert Capital Partners LLC increased its position in shares of UFP Industries by 85.5% in the third quarter. Seizert Capital Partners LLC now owns 34,623 shares of the construction company’s stock worth $4,543,000 after purchasing an additional 15,958 shares during the last quarter. 81.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Benchmark restated a “buy” rating and issued a $135.00 price objective on shares of UFP Industries in a research report on Wednesday, February 19th. StockNews.com cut 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 issued a buy rating to the stock. Based on data from MarketBeat.com, UFP Industries has a consensus rating of “Moderate Buy” and a consensus price target of $143.00.

UFP Industries Stock Down 0.8 %

UFPI stock opened at $104.50 on Friday. UFP Industries, Inc. has a 1-year low of $102.35 and a 1-year high of $141.33. 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 company’s 50 day moving average is $112.66 and its 200 day moving average is $121.95. The stock has a market cap of $6.34 billion, a price-to-earnings ratio of 15.44 and a beta of 1.52.

UFP Industries (NASDAQ:UFPI) last announced its quarterly earnings data on Monday, February 17th. The construction company reported $1.20 earnings per share for the quarter, missing analysts’ consensus estimates of $1.24 by ($0.04). UFP Industries had a return on equity of 13.24% and a net margin of 6.23%. The business had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.43 billion. Sell-side analysts predict that UFP Industries, Inc. will post 7.08 EPS for the current fiscal year.

UFP Industries Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 1.34%. This is a positive change from UFP Industries’s previous quarterly dividend of $0.33. The ex-dividend date is Monday, March 3rd. UFP Industries’s dividend payout ratio is presently 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.