Integrated Quantitative Investments LLC Invests $321,000 in UFP Industries, Inc. (NASDAQ:UFPI)

Integrated Quantitative Investments LLC acquired a new stake in UFP Industries, Inc. (NASDAQ:UFPI) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 2,850 shares of the construction company’s stock, valued at approximately $321,000.

Several other hedge funds also recently bought and sold shares of UFPI. JPMorgan Chase & Co. boosted its holdings in UFP Industries by 10.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 631,404 shares of the construction company’s stock valued at $82,847,000 after purchasing an additional 60,859 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in UFP Industries by 3.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 919,018 shares of the construction company’s stock valued at $102,158,000 after buying an additional 31,381 shares during the period. CIBC Asset Management Inc grew its position in UFP Industries by 5.4% during the fourth quarter. CIBC Asset Management Inc now owns 1,895 shares of the construction company’s stock worth $213,000 after buying an additional 97 shares in the last quarter. Franklin Resources Inc. increased its stake 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 worth $169,675,000 after acquiring an additional 188,969 shares during the last quarter. Finally, Argent Capital Management LLC raised its holdings in shares of UFP Industries by 35.8% in the 4th quarter. Argent Capital Management LLC now owns 12,306 shares of the construction company’s stock valued at $1,386,000 after acquiring an additional 3,241 shares in the last quarter. Hedge funds and other institutional investors own 81.81% of the company’s stock.

UFP Industries Price Performance

UFPI opened at $106.44 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’s 50 day simple moving average is $110.50 and its 200 day simple moving average is $120.64. The firm has a market cap of $6.47 billion, a price-to-earnings ratio of 15.72 and a beta of 1.45. UFP Industries, Inc. has a 1 year low of $100.58 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 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 during the quarter, compared to analysts’ expectations of $1.43 billion. As a group, analysts predict that UFP Industries, Inc. will post 7.08 earnings per share 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 given a dividend of $0.35 per share. This is an increase from UFP Industries’s previous quarterly dividend of $0.33. This represents a $1.40 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date of this dividend was Monday, March 3rd. UFP Industries’s payout ratio is presently 20.68%.

Wall Street Analyst Weigh In

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

About UFP Industries

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.