Seizert Capital Partners LLC Increases Holdings in UFP Industries, Inc. (NASDAQ:UFPI)

Seizert Capital Partners LLC increased its stake in shares of UFP Industries, Inc. (NASDAQ:UFPI) by 14.1% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 39,510 shares of the construction company’s stock after purchasing an additional 4,887 shares during the period. Seizert Capital Partners LLC owned 0.07% of UFP Industries worth $4,451,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. Smartleaf Asset Management LLC lifted its holdings in shares of UFP Industries by 1,683.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 535 shares of the construction company’s stock worth $60,000 after buying an additional 505 shares in the last quarter. Jones Financial Companies Lllp grew its position in shares of UFP Industries by 357.8% during the 4th quarter. Jones Financial Companies Lllp now owns 531 shares of the construction company’s stock valued at $60,000 after purchasing an additional 415 shares in the last quarter. Principal Securities Inc. increased its holdings in shares of UFP Industries by 39.8% in the fourth quarter. Principal Securities Inc. now owns 615 shares of the construction company’s stock worth $69,000 after purchasing an additional 175 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of UFP Industries in the third quarter worth $94,000. Finally, Kohmann Bosshard Financial Services LLC bought a new stake in UFP Industries during the fourth quarter valued at $106,000. Institutional investors own 81.81% of the company’s stock.

Insider Buying and Selling at UFP Industries

In other UFP Industries news, Director William G. Currie sold 5,700 shares of the company’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $126.59, for a total value of $721,563.00. Following the completion of the transaction, the director now directly owns 61,140 shares in the company, valued at approximately $7,739,712.60. This represents a 8.53 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.58% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have weighed in on UFPI. Benchmark reaffirmed a “buy” rating and issued a $135.00 price target on shares of UFP Industries in a report on Wednesday, February 19th. StockNews.com downgraded UFP Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, February 19th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, UFP Industries has an average rating of “Moderate Buy” and a consensus price target of $143.00.

UFP Industries Price Performance

UFPI opened at $103.91 on Wednesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.88 and a quick ratio of 3.25. UFP Industries, Inc. has a 1 year low of $102.35 and a 1 year high of $141.33. The stock’s 50 day simple moving average is $113.56 and its 200 day simple moving average is $122.64. The firm has a market cap of $6.30 billion, a price-to-earnings ratio of 15.35 and a beta of 1.45.

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 analysts’ expectations of $1.43 billion. UFP Industries had a return on equity of 13.24% and a net margin of 6.23%. 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 firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be paid a $0.35 dividend. The ex-dividend date is Monday, March 3rd. This is a boost from UFP Industries’s previous quarterly dividend of $0.33. This represents a $1.40 annualized dividend and a dividend yield of 1.35%. UFP Industries’s dividend payout ratio (DPR) is presently 20.68%.

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.