Xponance Inc. Grows Stock Holdings in UFP Industries, Inc. (NASDAQ:UFPI)

Xponance Inc. increased its stake in UFP Industries, Inc. (NASDAQ:UFPI) by 4.7% during the 4th quarter, HoldingsChannel reports. The firm owned 8,611 shares of the construction company’s stock after buying an additional 386 shares during the period. Xponance Inc.’s holdings in UFP Industries were worth $970,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in UFPI. Thrivent Financial for Lutherans boosted its stake in shares of UFP Industries by 3,820.8% in the 4th quarter. Thrivent Financial for Lutherans now owns 561,142 shares of the construction company’s stock worth $63,212,000 after buying an additional 546,830 shares during the last quarter. Boston Partners lifted its holdings in UFP Industries by 100.8% in the fourth quarter. Boston Partners now owns 672,231 shares of the construction company’s stock valued at $75,736,000 after acquiring an additional 337,463 shares during the period. Raymond James Financial Inc. purchased a new position in UFP Industries in the fourth quarter worth about $30,457,000. FMR LLC grew its stake in shares of UFP Industries by 13.4% during the 3rd quarter. FMR LLC now owns 1,635,577 shares of the construction company’s stock valued at $214,604,000 after purchasing an additional 193,891 shares during the period. Finally, Franklin Resources Inc. increased its position in shares of UFP Industries by 18.2% during the 3rd quarter. Franklin Resources Inc. now owns 1,225,972 shares of the construction company’s stock valued at $169,675,000 after purchasing an additional 188,969 shares during the last quarter. Institutional investors own 81.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. StockNews.com downgraded shares of UFP Industries from a “buy” rating to a “hold” rating in a report on Wednesday, February 19th. Benchmark reiterated a “buy” rating and set a $135.00 price target 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’s stock. According to data from MarketBeat.com, UFP Industries has a consensus rating of “Moderate Buy” and an average target price of $143.00.

UFP Industries Trading Down 0.4 %

UFP Industries stock opened at $107.50 on Monday. 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, Inc. has a 12-month low of $102.35 and a 12-month high of $141.33. The firm has a market capitalization of $6.54 billion, a price-to-earnings ratio of 15.88 and a beta of 1.52. The firm has a 50 day moving average of $112.19 and a 200 day moving average of $121.30.

UFP Industries (NASDAQ:UFPI) last announced its quarterly earnings data 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 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 predict that UFP Industries, Inc. will post 7.08 earnings per share for the current year.

UFP Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a $0.35 dividend. This is a positive change from UFP Industries’s previous quarterly dividend of $0.33. The ex-dividend date was Monday, March 3rd. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.30%. UFP Industries’s dividend payout ratio is 20.68%.

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.