Securian Asset Management Inc. Sells 147 Shares of UFP Industries, Inc. (NASDAQ:UFPI)

Securian Asset Management Inc. trimmed its holdings in shares of UFP Industries, Inc. (NASDAQ:UFPI) by 3.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,590 shares of the construction company’s stock after selling 147 shares during the quarter. Securian Asset Management Inc.’s holdings in UFP Industries were worth $517,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. JPMorgan Chase & Co. increased its stake in UFP Industries by 10.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 631,404 shares of the construction company’s stock worth $82,847,000 after purchasing an additional 60,859 shares in the last quarter. Citigroup Inc. increased its stake in UFP Industries by 50.7% during the 3rd quarter. Citigroup Inc. now owns 119,426 shares of the construction company’s stock worth $15,670,000 after purchasing an additional 40,162 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in UFP Industries by 3.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 919,018 shares of the construction company’s stock worth $102,158,000 after acquiring an additional 31,381 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in UFP Industries by 0.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 769,841 shares of the construction company’s stock worth $101,011,000 after acquiring an additional 4,006 shares during the last quarter. Finally, CIBC Asset Management Inc boosted its position in UFP Industries by 5.4% during the 4th quarter. CIBC Asset Management Inc now owns 1,895 shares of the construction company’s stock worth $213,000 after acquiring an additional 97 shares during the last quarter. 81.81% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. StockNews.com downgraded UFP Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, February 19th. Benchmark reaffirmed a “buy” rating and set a $135.00 price target on shares of UFP Industries in a research report on Wednesday, February 19th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, UFP Industries presently has an average rating of “Moderate Buy” and an average price target of $143.00.

UFP Industries Trading Up 0.6 %

NASDAQ UFPI opened at $107.23 on Tuesday. The company has a market cap of $6.50 billion, a PE ratio of 15.84 and a beta of 1.52. 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 stock has a 50 day moving average of $112.33 and a 200-day moving average of $121.62.

UFP Industries (NASDAQ:UFPI) last released 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 company had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.43 billion. UFP Industries had a net margin of 6.23% and a return on equity of 13.24%. On average, equities research analysts anticipate that UFP Industries, Inc. will post 7.08 EPS for the current fiscal 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 dividend of $0.35 per share. This is an increase from UFP Industries’s previous quarterly dividend of $0.33. The ex-dividend date was Monday, March 3rd. This represents a $1.40 annualized dividend and a yield of 1.31%. UFP Industries’s dividend payout ratio (DPR) is currently 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.