Venturi Wealth Management LLC Takes $231,000 Position in UFP Industries, Inc. (NASDAQ:UFPI)

Venturi Wealth Management LLC acquired a new stake in shares of UFP Industries, Inc. (NASDAQ:UFPI) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 2,052 shares of the construction company’s stock, valued at approximately $231,000.

Other institutional investors have also modified their holdings of the company. Signaturefd LLC lifted its stake in UFP Industries by 31.8% in the 3rd quarter. Signaturefd LLC now owns 315 shares of the construction company’s stock valued at $41,000 after acquiring an additional 76 shares in the last quarter. Principal Securities Inc. lifted its stake in UFP Industries by 39.8% in the 4th quarter. Principal Securities Inc. now owns 615 shares of the construction company’s stock valued at $69,000 after acquiring an additional 175 shares in the last quarter. Whittier Trust Co. of Nevada Inc. bought a new stake in UFP Industries in the 3rd quarter valued at approximately $70,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in UFP Industries in the 3rd quarter valued at approximately $94,000. Finally, Millburn Ridgefield Corp bought a new stake in UFP Industries in the 3rd quarter valued at approximately $140,000. Institutional investors own 81.81% of the company’s stock.

UFP Industries Stock Down 1.2 %

NASDAQ:UFPI opened at $108.55 on Friday. The firm has a market capitalization of $6.59 billion, a price-to-earnings ratio of 16.03 and a beta of 1.45. UFP Industries, Inc. has a twelve month low of $107.25 and a twelve month high of $141.33. The stock’s 50 day moving average price is $114.73 and its two-hundred day moving average price is $123.03. 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 (NASDAQ:UFPI) last posted its quarterly earnings results 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 company had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.43 billion. UFP Industries had a return on equity of 13.24% and a net margin of 6.23%. Equities research analysts expect that UFP Industries, Inc. will post 7.42 earnings per share for the current fiscal year.

UFP Industries Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be issued a dividend of $0.35 per share. The ex-dividend date is Monday, March 3rd. This is a positive change from UFP Industries’s previous quarterly dividend of $0.33. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.29%. UFP Industries’s payout ratio is presently 19.50%.

Analyst Ratings Changes

Several research firms have commented on UFPI. StockNews.com cut UFP Industries from a “buy” rating to a “hold” rating in a research note on Wednesday. Wedbush restated an “outperform” rating and issued a $155.00 target price on shares of UFP Industries in a research note on Monday, November 4th. Finally, Benchmark restated a “buy” rating and issued a $135.00 target price on shares of UFP Industries in a research note on Wednesday. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $143.00.

Insider Buying and Selling

In related news, Director William G. Currie sold 5,700 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $126.59, for a total transaction of $721,563.00. Following the transaction, the director now directly owns 61,140 shares of the company’s stock, valued at approximately $7,739,712.60. The trade was a 8.53 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.58% of the stock is owned by insiders.

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.