Boston Partners Acquires 337,463 Shares of UFP Industries, Inc. (NASDAQ:UFPI)

Boston Partners boosted its position in UFP Industries, Inc. (NASDAQ:UFPI) by 100.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 672,231 shares of the construction company’s stock after purchasing an additional 337,463 shares during the period. Boston Partners’ holdings in UFP Industries were worth $75,736,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of UFPI. Thrivent Financial for Lutherans boosted its position in UFP Industries by 3,820.8% in the fourth quarter. Thrivent Financial for Lutherans now owns 561,142 shares of the construction company’s stock worth $63,212,000 after purchasing an additional 546,830 shares during the last quarter. Raymond James Financial Inc. purchased a new position in UFP Industries in the fourth quarter worth about $30,457,000. FMR LLC boosted its position in UFP Industries by 13.4% in the third quarter. FMR LLC now owns 1,635,577 shares of the construction company’s stock worth $214,604,000 after purchasing an additional 193,891 shares during the last quarter. Franklin Resources Inc. boosted its position in UFP Industries by 18.2% in the third 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, Wasatch Advisors LP boosted its position in UFP Industries by 16.1% in the third quarter. Wasatch Advisors LP now owns 590,712 shares of the construction company’s stock worth $77,507,000 after purchasing an additional 81,950 shares during the last quarter. 81.81% of the stock is owned by hedge funds and other institutional investors.

UFP Industries Stock Up 0.5 %

NASDAQ UFPI opened at $108.09 on Thursday. The stock’s 50 day moving average is $112.26 and its 200 day moving average is $121.42. The company has a current ratio of 4.88, a quick ratio of 3.25 and a debt-to-equity ratio of 0.07. UFP Industries, Inc. has a 12 month low of $102.35 and a 12 month high of $141.33. The stock has a market cap of $6.57 billion, a PE ratio of 15.97 and a beta of 1.52.

UFP Industries (NASDAQ:UFPI) last posted its quarterly earnings results on Monday, February 17th. The construction company reported $1.20 EPS 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 analysts’ expectations of $1.43 billion. Research 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 was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a $0.35 dividend. The ex-dividend date was Monday, March 3rd. This is a boost from UFP Industries’s previous quarterly dividend of $0.33. This represents a $1.40 dividend on an annualized basis and a yield of 1.30%. UFP Industries’s payout ratio is currently 20.68%.

Analyst Ratings Changes

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