Swiss National Bank Has $13.49 Million Stock Position in UFP Industries, Inc. (NASDAQ:UFPI)

Swiss National Bank lessened its holdings in UFP Industries, Inc. (NASDAQ:UFPI) by 0.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 119,750 shares of the construction company’s stock after selling 900 shares during the period. Swiss National Bank’s holdings in UFP Industries were worth $13,490,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in UFPI. CIBC Asset Management Inc purchased a new stake in shares of UFP Industries in the third quarter worth approximately $236,000. Natixis Advisors LLC raised its position in UFP Industries by 4.6% in the 3rd quarter. Natixis Advisors LLC now owns 30,639 shares of the construction company’s stock valued at $4,020,000 after buying an additional 1,361 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new position in UFP Industries during the 3rd quarter valued at $2,057,000. Segall Bryant & Hamill LLC boosted its holdings in UFP Industries by 4.0% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 118,010 shares of the construction company’s stock worth $15,484,000 after acquiring an additional 4,579 shares during the last quarter. Finally, Jennison Associates LLC grew its stake in shares of UFP Industries by 7.8% in the 3rd quarter. Jennison Associates LLC now owns 10,054 shares of the construction company’s stock worth $1,319,000 after acquiring an additional 727 shares in the last quarter. Institutional investors own 81.81% of the company’s stock.

UFP Industries Stock Up 0.5 %

UFP Industries stock opened at $108.09 on Thursday. The firm has a 50 day moving average price of $112.26 and a 200-day moving average price of $121.42. The company has a quick ratio of 3.25, a current ratio of 4.88 and a debt-to-equity ratio of 0.07. UFP Industries, Inc. has a twelve month low of $102.35 and a twelve month high of $141.33. The company has a market capitalization of $6.57 billion, a P/E ratio of 15.97 and a beta of 1.52.

UFP Industries (NASDAQ:UFPI) last announced 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). The firm 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, equities analysts predict that UFP Industries, Inc. will post 7.08 EPS for the current year.

UFP Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a $0.35 dividend. This is a boost from UFP Industries’s previous quarterly dividend of $0.33. This represents a $1.40 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date of this dividend was Monday, March 3rd. UFP Industries’s payout ratio is currently 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 report on Wednesday, February 19th. Benchmark reaffirmed a “buy” rating and issued a $135.00 target price on shares of UFP Industries in a report on Wednesday, February 19th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, UFP Industries presently has a consensus 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.