Loomis Sayles & Co. L P Has $30.68 Million Holdings in UFP Industries, Inc. (NASDAQ:UFPI)

Loomis Sayles & Co. L P lifted its position in UFP Industries, Inc. (NASDAQ:UFPI) by 0.7% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 272,349 shares of the construction company’s stock after acquiring an additional 1,775 shares during the period. Loomis Sayles & Co. L P’s holdings in UFP Industries were worth $30,680,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in UFPI. FMR LLC grew its position in shares of UFP Industries by 13.4% in the 3rd quarter. FMR LLC now owns 1,635,577 shares of the construction company’s stock valued at $214,604,000 after acquiring an additional 193,891 shares during the period. Geode Capital Management LLC raised its holdings in shares of UFP Industries by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 1,528,221 shares of the construction company’s stock valued at $200,553,000 after purchasing an additional 14,857 shares during the period. Franklin Resources Inc. lifted its stake in UFP Industries by 18.2% in 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. Allspring Global Investments Holdings LLC grew its holdings 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 purchasing an additional 31,381 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in UFP Industries by 0.3% in the fourth 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 during the period. 81.81% of the stock is currently owned by institutional investors and hedge funds.

UFP Industries Trading Down 0.1 %

Shares of NASDAQ:UFPI opened at $110.09 on Friday. UFP Industries, Inc. has a 12-month low of $102.35 and a 12-month high of $141.33. The business has a 50 day moving average of $111.78 and a 200-day moving average of $121.11. The company has a quick ratio of 3.25, a current ratio of 4.88 and a debt-to-equity ratio of 0.07. The stock has a market cap of $6.70 billion, a PE ratio of 16.26 and a beta of 1.52.

UFP Industries (NASDAQ:UFPI) last released its quarterly 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). UFP Industries had a return on equity of 13.24% and a net margin of 6.23%. The firm had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.43 billion. As a group, equities research analysts forecast that UFP Industries, Inc. will post 7.08 earnings per share for the current year.

UFP Industries Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.27%. This is a positive change from UFP Industries’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend was Monday, March 3rd. UFP Industries’s dividend payout ratio (DPR) is currently 20.68%.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Benchmark reiterated a “buy” rating and set a $135.00 target price on shares of UFP Industries in a research note on Wednesday, February 19th. StockNews.com cut shares of UFP Industries from a “buy” rating to a “hold” rating 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.com, UFP Industries has an average rating of “Moderate Buy” and a consensus target price of $143.00.

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.