Quantbot Technologies LP Grows Stock Holdings in UFP Industries, Inc. (NASDAQ:UFPI)

Quantbot Technologies LP grew its holdings in shares of UFP Industries, Inc. (NASDAQ:UFPI) by 78.0% during the fourth quarter, HoldingsChannel reports. The firm owned 12,570 shares of the construction company’s stock after purchasing an additional 5,509 shares during the quarter. Quantbot Technologies LP’s holdings in UFP Industries were worth $1,416,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Jones Financial Companies Lllp lifted its position in UFP Industries by 357.8% during the fourth quarter. Jones Financial Companies Lllp now owns 531 shares of the construction company’s stock worth $60,000 after buying an additional 415 shares during the period. Smartleaf Asset Management LLC lifted its holdings in shares of UFP Industries by 1,683.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 535 shares of the construction company’s stock worth $60,000 after acquiring an additional 505 shares during the period. Principal Securities Inc. lifted its holdings in shares of UFP Industries by 39.8% during the 4th quarter. Principal Securities Inc. now owns 615 shares of the construction company’s stock worth $69,000 after acquiring an additional 175 shares during the period. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of UFP Industries in the fourth quarter worth approximately $106,000. Finally, Millburn Ridgefield Corp purchased a new stake in UFP Industries in the third quarter valued at approximately $140,000. Institutional investors and hedge funds own 81.81% of the company’s stock.

UFP Industries Trading Up 4.0 %

NASDAQ UFPI opened at $111.75 on Tuesday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.25 and a current ratio of 4.88. UFP Industries, Inc. has a one year low of $102.35 and a one year high of $141.33. The company’s 50 day moving average price is $112.16 and its 200 day moving average price is $121.29. The firm has a market capitalization of $6.80 billion, a price-to-earnings ratio of 16.51 and a beta of 1.52.

UFP Industries (NASDAQ:UFPI) last issued its earnings results on Monday, February 17th. The construction company reported $1.20 EPS for the quarter, missing analysts’ consensus estimates of $1.24 by ($0.04). The business had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.43 billion. UFP Industries had a net margin of 6.23% and a return on equity of 13.24%. On average, sell-side analysts predict that UFP Industries, Inc. will post 7.08 EPS for the current year.

UFP Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date was Monday, March 3rd. This is a boost from UFP Industries’s previous quarterly dividend of $0.33. UFP Industries’s payout ratio is currently 20.68%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. StockNews.com lowered shares of UFP Industries from a “buy” rating to a “hold” rating in a report on Wednesday, February 19th. Benchmark reaffirmed a “buy” rating and issued a $135.00 target price on shares of UFP Industries 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. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $143.00.

UFP Industries Company 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.