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

Edgestream Partners L.P. boosted its stake in UFP Industries, Inc. (NASDAQ:UFPI) by 161.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 19,492 shares of the construction company’s stock after acquiring an additional 12,044 shares during the period. Edgestream Partners L.P.’s holdings in UFP Industries were worth $2,196,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in UFPI. Raymond James Financial Inc. acquired a new position in UFP Industries in the 4th quarter valued at about $30,457,000. FMR LLC increased its position in UFP Industries by 13.4% in the 3rd quarter. FMR LLC now owns 1,635,577 shares of the construction company’s stock valued at $214,604,000 after acquiring an additional 193,891 shares during the period. Franklin Resources Inc. increased its position in UFP Industries by 18.2% in the 3rd quarter. Franklin Resources Inc. now owns 1,225,972 shares of the construction company’s stock valued at $169,675,000 after acquiring an additional 188,969 shares during the period. Wasatch Advisors LP increased its position in UFP Industries by 16.1% in the 3rd quarter. Wasatch Advisors LP now owns 590,712 shares of the construction company’s stock valued at $77,507,000 after acquiring an additional 81,950 shares during the period. Finally, Barclays PLC increased its position in UFP Industries by 109.0% in the 3rd quarter. Barclays PLC now owns 135,996 shares of the construction company’s stock valued at $17,844,000 after acquiring an additional 70,927 shares during the period. Institutional investors and hedge funds own 81.81% of the company’s stock.

UFP Industries Price Performance

Shares of UFPI opened at $109.13 on Monday. UFP Industries, Inc. has a twelve month low of $102.35 and a twelve month high of $141.33. The stock’s 50 day moving average is $113.02 and its two-hundred day moving average is $122.28. The firm has a market capitalization of $6.62 billion, a PE ratio of 16.12 and a beta of 1.52. 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 (NASDAQ:UFPI) last announced its quarterly earnings results on Monday, February 17th. The construction company reported $1.20 EPS for the quarter, missing the consensus estimate of $1.24 by ($0.04). The firm had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.43 billion. UFP Industries had a return on equity of 13.24% and a net margin of 6.23%. Research analysts anticipate that UFP Industries, Inc. will post 7.08 earnings per share for the current year.

UFP Industries Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be paid a dividend of $0.35 per share. This is a positive change from UFP Industries’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.40 annualized dividend and a dividend yield of 1.28%. UFP Industries’s payout ratio is 20.68%.

Insider Transactions at UFP Industries

In other news, Director William G. Currie sold 5,700 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $126.59, for a total transaction of $721,563.00. Following the sale, the director now owns 61,140 shares of the company’s stock, valued at $7,739,712.60. The trade was a 8.53 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.58% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. StockNews.com cut UFP Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, February 19th. Benchmark reaffirmed a “buy” rating and issued a $135.00 price objective on shares of UFP Industries in a 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 stock. According to data from MarketBeat.com, UFP Industries currently has a consensus rating of “Moderate Buy” and an average price target of $143.00.

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.