UFP Industries, Inc. (NASDAQ:UFPI) Shares Purchased by Prudential Financial Inc.

Prudential Financial Inc. boosted its position in shares of UFP Industries, Inc. (NASDAQ:UFPI) by 14.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 107,878 shares of the construction company’s stock after acquiring an additional 13,405 shares during the period. Prudential Financial Inc. owned about 0.18% of UFP Industries worth $12,152,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Jones Financial Companies Lllp lifted 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 worth $60,000 after purchasing an additional 415 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in 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 buying an additional 505 shares during the last quarter. Principal Securities Inc. boosted its position 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 in the last quarter. Kohmann Bosshard Financial Services LLC purchased a new position in shares of UFP Industries in the 4th quarter valued at about $106,000. Finally, Millburn Ridgefield Corp acquired a new stake in shares of UFP Industries during the 3rd quarter worth about $140,000. 81.81% of the stock is owned by hedge funds and other institutional investors.

UFP Industries Trading Down 3.4 %

UFPI opened at $106.31 on Friday. The firm has a market cap of $6.47 billion, a price-to-earnings ratio of 15.70 and a beta of 1.52. UFP Industries, Inc. has a 52 week low of $102.35 and a 52 week high of $141.33. The business’s 50 day moving average is $111.57 and its two-hundred day moving average is $121.07. The company has a quick ratio of 3.25, a current ratio of 4.88 and a debt-to-equity ratio of 0.07.

UFP Industries (NASDAQ:UFPI) last announced 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 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, research analysts predict that UFP Industries, Inc. will post 7.08 EPS for the current year.

UFP Industries Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.32%. This is a boost 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 is presently 20.68%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on UFPI shares. StockNews.com downgraded UFP Industries from a “buy” rating to a “hold” rating in a report on Wednesday, February 19th. Benchmark restated a “buy” rating and issued a $135.00 target price on shares of UFP Industries in a report on Wednesday, February 19th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target 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.