UFP Industries, Inc. (NASDAQ:UFPI) Position Cut by Grantham Mayo Van Otterloo & Co. LLC

Grantham Mayo Van Otterloo & Co. LLC lowered its holdings in shares of UFP Industries, Inc. (NASDAQ:UFPI) by 56.4% during the 4th quarter, Holdings Channel reports. The fund owned 19,029 shares of the construction company’s stock after selling 24,665 shares during the period. Grantham Mayo Van Otterloo & Co. LLC’s holdings in UFP Industries were worth $2,144,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the business. Smartleaf Asset Management LLC lifted its stake in shares of UFP Industries by 1,683.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 535 shares of the construction company’s stock worth $60,000 after acquiring an additional 505 shares during the period. Jones Financial Companies Lllp raised its holdings in UFP Industries by 357.8% during the fourth quarter. Jones Financial Companies Lllp now owns 531 shares of the construction company’s stock worth $60,000 after purchasing an additional 415 shares in the last quarter. Principal Securities Inc. lifted its position in UFP Industries by 39.8% in 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 period. Kohmann Bosshard Financial Services LLC acquired a new stake in UFP Industries in the fourth quarter worth approximately $106,000. Finally, Blue Trust Inc. boosted its stake in UFP Industries by 62.1% during the 4th quarter. Blue Trust Inc. now owns 1,796 shares of the construction company’s stock valued at $202,000 after purchasing an additional 688 shares in the last quarter. Institutional investors and hedge funds own 81.81% of the company’s stock.

UFP Industries Price Performance

Shares of NASDAQ:UFPI opened at $104.18 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. The company has a market capitalization of $6.34 billion, a PE ratio of 15.39 and a beta of 1.45. The stock has a fifty day moving average of $110.21 and a 200-day moving average of $120.38. UFP Industries, Inc. has a one year low of $100.58 and a one year high of $141.33.

UFP Industries (NASDAQ:UFPI) last released its quarterly 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). The company had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.43 billion. UFP Industries had a net margin of 6.23% and a return on equity of 13.24%. As a group, equities analysts anticipate that UFP Industries, Inc. will post 7.08 EPS for the current fiscal year.

UFP Industries Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a $0.35 dividend. This is an increase from UFP Industries’s previous quarterly dividend of $0.33. This represents a $1.40 annualized dividend and a dividend yield of 1.34%. The ex-dividend date was Monday, March 3rd. UFP Industries’s dividend payout ratio (DPR) is 20.68%.

Analysts Set New Price Targets

A number of research firms have recently commented on UFPI. StockNews.com downgraded UFP Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, February 19th. Benchmark reiterated a “buy” rating and issued a $135.00 price target on shares of UFP Industries in a research report 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’s stock. Based on data from MarketBeat, UFP Industries presently has an average rating of “Moderate Buy” and a consensus price target of $143.00.

UFP Industries 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.