Securian Asset Management Inc. Has $517,000 Stock Holdings in UFP Industries, Inc. (NASDAQ:UFPI)

Securian Asset Management Inc. decreased its holdings in shares of UFP Industries, Inc. (NASDAQ:UFPI) by 3.1% in the 4th quarter, HoldingsChannel reports. The firm owned 4,590 shares of the construction company’s stock after selling 147 shares during the period. Securian Asset Management Inc.’s holdings in UFP Industries were worth $517,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also added to or reduced their stakes in UFPI. Smartleaf Asset Management LLC lifted its holdings in UFP Industries by 1,683.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 535 shares of the construction company’s stock valued at $60,000 after purchasing an additional 505 shares during the last quarter. Jones Financial Companies Lllp increased its position in UFP Industries by 357.8% during the 4th quarter. Jones Financial Companies Lllp now owns 531 shares of the construction company’s stock worth $60,000 after buying an additional 415 shares during the period. Principal Securities Inc. increased its position in UFP Industries by 39.8% during the 4th quarter. Principal Securities Inc. now owns 615 shares of the construction company’s stock worth $69,000 after buying an additional 175 shares during the period. Kohmann Bosshard Financial Services LLC bought a new position in UFP Industries during the 4th quarter worth $106,000. Finally, Millburn Ridgefield Corp bought a new position in UFP Industries during the 3rd quarter worth $140,000. Institutional investors and hedge funds own 81.81% of the company’s stock.

UFP Industries Stock Up 0.6 %

Shares of NASDAQ UFPI opened at $107.23 on Tuesday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.25 and a current ratio of 4.88. UFP Industries, Inc. has a 52 week low of $102.35 and a 52 week high of $141.33. The stock has a market capitalization of $6.50 billion, a P/E ratio of 15.84 and a beta of 1.52. The stock’s fifty day moving average is $112.33 and its 200 day moving average is $121.62.

UFP Industries (NASDAQ:UFPI) last issued 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 company had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.43 billion. Sell-side analysts forecast 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 given a $0.35 dividend. The ex-dividend date was Monday, March 3rd. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.31%. This is a boost from UFP Industries’s previous quarterly dividend of $0.33. UFP Industries’s dividend payout ratio (DPR) is presently 20.68%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on UFPI. StockNews.com cut UFP Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, February 19th. Benchmark reiterated a “buy” rating and set a $135.00 price objective on shares of UFP Industries in a research report on Wednesday, February 19th. Two 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 a consensus rating of “Moderate Buy” and an average price target of $143.00.

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.