Segall Bryant & Hamill LLC Reduces Stock Position in UFP Industries, Inc. (NASDAQ:UFPI)

Segall Bryant & Hamill LLC decreased its position in UFP Industries, Inc. (NASDAQ:UFPI) by 11.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 103,999 shares of the construction company’s stock after selling 14,011 shares during the quarter. Segall Bryant & Hamill LLC owned approximately 0.17% of UFP Industries worth $11,715,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of UFPI. Thrivent Financial for Lutherans grew its stake in shares of 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. Boston Partners grew its position in shares of UFP Industries by 100.8% in the 4th quarter. Boston Partners now owns 672,231 shares of the construction company’s stock worth $75,736,000 after buying an additional 337,463 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of UFP Industries during the fourth quarter valued at approximately $30,457,000. FMR LLC raised its holdings in shares of UFP Industries by 13.4% during the third 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 in the last quarter. Finally, Franklin Resources Inc. lifted its stake 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 acquiring an additional 188,969 shares during the period. 81.81% of the stock is owned by institutional investors.

UFP Industries Stock Down 1.6 %

NASDAQ:UFPI opened at $109.99 on Wednesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.88 and a quick ratio of 3.25. The firm’s 50-day moving average price is $112.07 and its 200-day moving average price is $121.27. The company has a market capitalization of $6.69 billion, a PE ratio of 16.25 and a beta of 1.52. UFP Industries, Inc. has a 1-year low of $102.35 and a 1-year high of $141.33.

UFP Industries (NASDAQ:UFPI) last announced its earnings results on Monday, February 17th. The construction company reported $1.20 earnings per share for the quarter, missing analysts’ consensus estimates of $1.24 by ($0.04). UFP Industries had a net margin of 6.23% and a return on equity of 13.24%. The business had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.43 billion. On average, equities analysts predict that UFP Industries, Inc. will post 7.08 EPS for the current fiscal year.

UFP Industries Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 1.27%. This is an increase from UFP Industries’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend was Monday, March 3rd. UFP Industries’s payout ratio is 20.68%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on UFPI shares. Benchmark reaffirmed 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 lowered shares of UFP Industries from a “buy” rating to a “hold” rating in a report on Wednesday, February 19th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, UFP Industries 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.