UFP Industries, Inc. (NASDAQ:UFPI) Shares Sold by Advantage Alpha Capital Partners LP

Advantage Alpha Capital Partners LP decreased its holdings in UFP Industries, Inc. (NASDAQ:UFPI) by 18.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 32,610 shares of the construction company’s stock after selling 7,559 shares during the quarter. Advantage Alpha Capital Partners LP’s holdings in UFP Industries were worth $3,674,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. FMR LLC boosted its stake in UFP Industries by 13.4% during the 3rd quarter. FMR LLC now owns 1,635,577 shares of the construction company’s stock worth $214,604,000 after purchasing an additional 193,891 shares during the last quarter. Geode Capital Management LLC lifted its position in UFP Industries by 1.0% during the third quarter. Geode Capital Management LLC now owns 1,528,221 shares of the construction company’s stock worth $200,553,000 after buying an additional 14,857 shares in the last quarter. Franklin Resources Inc. boosted its stake in UFP Industries by 18.2% during the third quarter. Franklin Resources Inc. now owns 1,225,972 shares of the construction company’s stock worth $169,675,000 after buying an additional 188,969 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in UFP Industries by 3.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 919,018 shares of the construction company’s stock worth $102,158,000 after buying an additional 31,381 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in UFP Industries by 0.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 772,001 shares of the construction company’s stock valued at $86,966,000 after buying an additional 2,160 shares in the last quarter. Hedge funds and other institutional investors own 81.81% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on UFPI shares. Benchmark reiterated a “buy” rating and set a $135.00 price target on shares of UFP Industries in a report on Wednesday, February 19th. StockNews.com downgraded shares of UFP Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, February 19th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $143.00.

UFP Industries Stock Performance

NASDAQ UFPI opened at $107.50 on Monday. The stock has a fifty day simple moving average of $112.19 and a 200-day simple moving average of $121.30. The company has a current ratio of 4.88, a quick ratio of 3.25 and a debt-to-equity ratio of 0.07. The stock has a market cap of $6.54 billion, a PE ratio of 15.88 and a beta of 1.52. UFP Industries, Inc. has a twelve month low of $102.35 and a twelve month high of $141.33.

UFP Industries (NASDAQ:UFPI) last announced its 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 analysts’ expectations of $1.43 billion. UFP Industries had a return on equity of 13.24% and a net margin of 6.23%. Equities analysts anticipate that UFP Industries, Inc. will post 7.08 earnings per share for the current year.

UFP Industries Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 1.30%. The ex-dividend date was Monday, March 3rd. This is an increase from UFP Industries’s previous quarterly dividend of $0.33. UFP Industries’s dividend payout ratio (DPR) 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.