UFP Industries, Inc. (NASDAQ:UFPI) Shares Purchased by Edgestream Partners L.P.

Edgestream Partners L.P. increased its stake in shares of UFP Industries, Inc. (NASDAQ:UFPI) by 161.7% in the 4th quarter, HoldingsChannel reports. The firm owned 19,492 shares of the construction company’s stock after buying an additional 12,044 shares during the quarter. Edgestream Partners L.P.’s holdings in UFP Industries were worth $2,196,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. CIBC Asset Management Inc raised its holdings 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 valued at $213,000 after acquiring an additional 97 shares during the last quarter. Robertson Stephens Wealth Management LLC raised its holdings 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 valued at $216,000 after acquiring an additional 104 shares during the last quarter. Kingsview Wealth Management LLC raised its holdings 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 valued at $822,000 after acquiring an additional 113 shares during the last quarter. Highland Capital Management LLC raised its holdings 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 valued at $250,000 after acquiring an additional 138 shares during the last quarter. Finally, Nations Financial Group Inc. IA ADV raised its holdings in UFP Industries by 2.4% in the 4th quarter. Nations Financial Group Inc. IA ADV now owns 6,809 shares of the construction company’s stock valued at $767,000 after acquiring an additional 160 shares during the last quarter. 81.81% of the stock is currently owned by institutional investors and hedge funds.

UFP Industries Trading Up 1.7 %

UFPI stock opened at $109.13 on Monday. The company has a market cap of $6.62 billion, a price-to-earnings ratio of 16.12 and a beta of 1.52. The company has a quick ratio of 3.25, a current ratio of 4.88 and a debt-to-equity ratio of 0.07. The business has a fifty day simple moving average of $113.02 and a 200-day simple moving average of $122.28. UFP Industries, Inc. has a 52 week low of $102.35 and a 52 week high of $141.33.

UFP Industries (NASDAQ:UFPI) last released its quarterly earnings data on Monday, February 17th. The construction company reported $1.20 EPS for the quarter, missing analysts’ consensus estimates of $1.24 by ($0.04). The firm had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.43 billion. UFP Industries had a return on equity of 13.24% and a net margin of 6.23%. On average, equities research analysts expect that UFP Industries, Inc. will post 7.08 EPS for the current year.

UFP Industries Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.28%. This is a boost 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 20.68%.

Insider Buying and Selling

In related news, Director William G. Currie sold 5,700 shares of the company’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $126.59, for a total transaction of $721,563.00. Following the completion of the sale, the director now directly owns 61,140 shares of the company’s stock, valued at approximately $7,739,712.60. This represents a 8.53 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.58% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on UFPI. Benchmark reiterated a “buy” rating and issued a $135.00 price target on shares of UFP Industries in a report on Wednesday, February 19th. StockNews.com downgraded 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 assigned a buy rating to the company. According to MarketBeat.com, UFP Industries currently has an average rating of “Moderate Buy” and a consensus target price of $143.00.

UFP Industries 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.