Benjamin Edwards Inc. Buys 495 Shares of UFP Industries, Inc. (NASDAQ:UFPI)

Benjamin Edwards Inc. boosted its stake in UFP Industries, Inc. (NASDAQ:UFPI) by 17.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,344 shares of the construction company’s stock after purchasing an additional 495 shares during the period. Benjamin Edwards Inc.’s holdings in UFP Industries were worth $378,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. FMR LLC lifted its stake in shares of UFP Industries by 7.1% in the 4th quarter. FMR LLC now owns 1,751,264 shares of the construction company’s stock valued at $197,280,000 after acquiring an additional 115,687 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its holdings in UFP Industries by 39.1% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,546,745 shares of the construction company’s stock worth $174,241,000 after purchasing an additional 435,155 shares in the last quarter. Franklin Resources Inc. raised its position in UFP Industries by 5.0% in the fourth quarter. Franklin Resources Inc. now owns 1,287,833 shares of the construction company’s stock valued at $145,074,000 after purchasing an additional 61,861 shares during the last quarter. Northern Trust Corp boosted its stake in shares of UFP Industries by 9.7% during the fourth quarter. Northern Trust Corp now owns 1,111,147 shares of the construction company’s stock valued at $125,171,000 after purchasing an additional 98,533 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of UFP Industries by 3.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 919,018 shares of the construction company’s stock worth $102,158,000 after purchasing an additional 31,381 shares during the last quarter. Institutional investors and hedge funds own 81.81% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. StockNews.com lowered shares of UFP Industries from a “buy” rating to a “hold” rating in a report on Wednesday, February 19th. 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. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $143.00.

UFP Industries Stock Performance

Shares of UFPI stock opened at $97.33 on Friday. The stock has a market capitalization of $5.92 billion, a PE ratio of 14.38 and a beta of 1.54. The business’s 50 day simple moving average is $105.24 and its 200 day simple moving average is $115.26. 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, Inc. has a one year low of $95.90 and a one year high of $141.33.

UFP Industries (NASDAQ:UFPI) last posted its quarterly earnings data 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 firm had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.61 billion. UFP Industries had a return on equity of 13.24% and a net margin of 6.23%. The company’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.96 earnings per share. As a group, research analysts forecast that UFP Industries, Inc. will post 7.08 earnings per share for the current year.

UFP Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date of this dividend is Monday, June 2nd. UFP Industries’s dividend payout ratio is 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.