Ontario Teachers Pension Plan Board Purchases 4,799 Shares of UFP Industries, Inc. (NASDAQ:UFPI)

Ontario Teachers Pension Plan Board boosted its position in shares of UFP Industries, Inc. (NASDAQ:UFPI) by 30.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 20,749 shares of the construction company’s stock after purchasing an additional 4,799 shares during the period. Ontario Teachers Pension Plan Board’s holdings in UFP Industries were worth $2,337,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its stake in shares of UFP Industries by 10.7% in the third quarter. JPMorgan Chase & Co. now owns 631,404 shares of the construction company’s stock valued at $82,847,000 after acquiring an additional 60,859 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of UFP Industries by 3.5% in 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 in the last quarter. CIBC Asset Management Inc raised its holdings in shares of UFP Industries by 5.4% in the fourth quarter. CIBC Asset Management Inc now owns 1,895 shares of the construction company’s stock valued at $213,000 after buying an additional 97 shares during the last quarter. Argent Capital Management LLC lifted its position in UFP Industries by 35.8% during the 4th quarter. Argent Capital Management LLC now owns 12,306 shares of the construction company’s stock worth $1,386,000 after buying an additional 3,241 shares in the last quarter. Finally, Franklin Resources Inc. lifted its position in shares of UFP Industries by 18.2% during the third quarter. Franklin Resources Inc. now owns 1,225,972 shares of the construction company’s stock worth $169,675,000 after purchasing an additional 188,969 shares in the last quarter. 81.81% of the stock is currently owned by institutional investors and hedge funds.

UFP Industries Price Performance

Shares of UFPI opened at $107.06 on Tuesday. The stock has a market cap of $6.51 billion, a P/E ratio of 15.81 and a beta of 1.45. UFP Industries, Inc. has a 1 year low of $99.42 and a 1 year high of $141.33. The stock’s 50-day moving average price is $108.67 and its two-hundred day moving average price is $119.21. 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 earnings results on Monday, February 17th. The construction company reported $1.20 EPS for the quarter, missing the consensus estimate of $1.24 by ($0.04). The firm had revenue of $1.46 billion during 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%. On average, equities analysts predict that UFP Industries, Inc. will post 7.08 earnings per share for the current year.

UFP Industries Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued 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 1.31%. The ex-dividend date was Monday, March 3rd. UFP Industries’s dividend payout ratio is 20.68%.

Analysts Set New Price Targets

UFPI has been the topic of a number of recent research reports. StockNews.com lowered 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 equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price 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.