UFP Industries, Inc. (NASDAQ:UFPI) Shares Sold by B. Metzler seel. Sohn & Co. AG

B. Metzler seel. Sohn & Co. AG trimmed its position in UFP Industries, Inc. (NASDAQ:UFPI) by 17.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,022 shares of the construction company’s stock after selling 2,658 shares during the quarter. B. Metzler seel. Sohn & Co. AG’s holdings in UFP Industries were worth $1,467,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of UFPI. Smartleaf Asset Management LLC raised its stake in UFP Industries by 1,683.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 535 shares of the construction company’s stock valued at $60,000 after buying an additional 505 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in shares of UFP Industries by 357.8% in the 4th quarter. Jones Financial Companies Lllp now owns 531 shares of the construction company’s stock valued at $60,000 after acquiring an additional 415 shares during the last quarter. Principal Securities Inc. lifted its stake in UFP Industries by 39.8% during the fourth quarter. Principal Securities Inc. now owns 615 shares of the construction company’s stock worth $69,000 after purchasing an additional 175 shares during the last quarter. Kohmann Bosshard Financial Services LLC purchased a new stake in UFP Industries during the fourth quarter worth approximately $106,000. Finally, Millburn Ridgefield Corp acquired a new position in UFP Industries in the third quarter valued at approximately $140,000. 81.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on UFPI shares. StockNews.com downgraded shares of 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 target on shares of UFP Industries in a research note on Wednesday, February 19th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $143.00.

UFP Industries Price Performance

UFPI stock opened at $109.10 on Thursday. The business has a 50 day simple moving average of $110.97 and a 200-day simple moving average of $120.91. The company has a market capitalization of $6.64 billion, a P/E ratio of 16.12 and a beta of 1.45. UFP Industries, Inc. has a twelve month low of $102.35 and a twelve month high of $141.33. 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 issued its quarterly earnings data on Monday, February 17th. The construction company reported $1.20 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts’ expectations of $1.43 billion. As a group, equities analysts anticipate that UFP Industries, Inc. will post 7.08 EPS for the current year.

UFP Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Monday, March 3rd. This is an increase from UFP Industries’s previous quarterly dividend of $0.33. This represents a $1.40 annualized dividend and a yield of 1.28%. UFP Industries’s dividend payout ratio is currently 20.68%.

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.