F M Investments LLC Sells 46,706 Shares of UFP Industries, Inc. (NASDAQ:UFPI)

F M Investments LLC lessened its holdings in shares of UFP Industries, Inc. (NASDAQ:UFPI) by 67.7% in the 4th quarter, Holdings Channel reports. The institutional investor owned 22,257 shares of the construction company’s stock after selling 46,706 shares during the quarter. F M Investments LLC’s holdings in UFP Industries were worth $2,507,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. CIBC Asset Management Inc lifted its stake in shares of UFP Industries by 5.4% during the 4th quarter. CIBC Asset Management Inc now owns 1,895 shares of the construction company’s stock worth $213,000 after acquiring an additional 97 shares during the last quarter. Robertson Stephens Wealth Management LLC lifted its position in shares of UFP Industries by 5.7% during the fourth quarter. Robertson Stephens Wealth Management LLC now owns 1,914 shares of the construction company’s stock worth $216,000 after purchasing an additional 104 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its stake in shares of UFP Industries by 2.4% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 4,382 shares of the construction company’s stock valued at $494,000 after purchasing an additional 104 shares during the period. Mitsubishi UFJ Trust & Banking Corp grew its holdings in shares of UFP Industries by 6.2% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,796 shares of the construction company’s stock worth $202,000 after purchasing an additional 105 shares during the last quarter. Finally, Highland Capital Management LLC increased its stake in UFP Industries by 6.6% in the 4th quarter. Highland Capital Management LLC now owns 2,222 shares of the construction company’s stock worth $250,000 after buying an additional 138 shares during the period. Institutional investors own 81.81% of the company’s stock.

Analysts Set New Price Targets

UFPI has been the subject of several research reports. Benchmark reissued a “buy” rating and issued a $135.00 price objective on shares of UFP Industries in a research report on Wednesday, February 19th. StockNews.com lowered UFP Industries from a “buy” rating to a “hold” rating in a report on Wednesday, February 19th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $143.00.

UFP Industries Stock Down 2.3 %

Shares of UFP Industries stock opened at $105.79 on Friday. 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 stock has a market cap of $6.43 billion, a price-to-earnings ratio of 15.63 and a beta of 1.45. The firm’s 50-day moving average is $109.06 and its two-hundred day moving average is $119.61. UFP Industries, Inc. has a 1 year low of $99.42 and a 1 year high of $141.33.

UFP Industries (NASDAQ:UFPI) last released its quarterly earnings data on Monday, February 17th. The construction company reported $1.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.24 by ($0.04). The business had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.43 billion. UFP Industries had a net margin of 6.23% and a return on equity of 13.24%. As a group, research analysts expect that UFP Industries, Inc. will post 7.08 earnings per share 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 given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 1.32%. The ex-dividend date of this dividend was Monday, March 3rd. This is a boost from UFP Industries’s previous quarterly dividend of $0.33. UFP Industries’s dividend payout ratio (DPR) is 20.68%.

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.