2,052 Shares in UFP Industries, Inc. (NASDAQ:UFPI) Acquired by Venturi Wealth Management LLC

Venturi Wealth Management LLC bought a new position in shares of UFP Industries, Inc. (NASDAQ:UFPI) during the fourth quarter, Holdings Channel.com reports. The fund bought 2,052 shares of the construction company’s stock, valued at approximately $231,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Signaturefd LLC grew its holdings in UFP Industries by 31.8% in the 3rd quarter. Signaturefd LLC now owns 315 shares of the construction company’s stock valued at $41,000 after buying an additional 76 shares in the last quarter. Principal Securities Inc. grew its holdings in UFP Industries by 39.8% in the 4th quarter. Principal Securities Inc. now owns 615 shares of the construction company’s stock valued at $69,000 after buying an additional 175 shares in the last quarter. Whittier Trust Co. of Nevada Inc. acquired a new position in UFP Industries in the 3rd quarter valued at $70,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in UFP Industries in the 3rd quarter valued at $94,000. Finally, Millburn Ridgefield Corp acquired a new position in UFP Industries in the 3rd quarter valued at $140,000. 81.81% of the stock is owned by institutional investors and hedge funds.

UFP Industries Stock Performance

NASDAQ:UFPI opened at $108.55 on Friday. The stock has a fifty day moving average price of $114.73 and a 200-day moving average price of $123.03. The company has a market cap of $6.59 billion, a price-to-earnings ratio of 16.03 and a beta of 1.45. 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 fifty-two week low of $107.25 and a fifty-two week high of $141.33.

UFP Industries (NASDAQ:UFPI) last released its earnings results on Monday, February 17th. The construction company reported $1.20 earnings per share for the quarter, missing analysts’ consensus estimates of $1.24 by ($0.04). The company had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.43 billion. UFP Industries had a net margin of 6.23% and a return on equity of 13.24%. As a group, equities analysts anticipate that UFP Industries, Inc. will post 7.42 EPS for the current fiscal year.

UFP Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be given a dividend of $0.35 per share. This is an increase from UFP Industries’s previous quarterly dividend of $0.33. This represents a $1.40 annualized dividend and a dividend yield of 1.29%. The ex-dividend date of this dividend is Monday, March 3rd. UFP Industries’s dividend payout ratio is currently 19.50%.

Insider Buying and Selling

In related news, Director William G. Currie sold 5,700 shares of the company’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $126.59, for a total transaction of $721,563.00. Following the completion of the sale, the director now directly owns 61,140 shares in the company, valued at $7,739,712.60. This represents a 8.53 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.58% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

UFPI has been the topic of a number of research reports. Wedbush reaffirmed an “outperform” rating and issued a $155.00 price objective on shares of UFP Industries in a report on Monday, November 4th. StockNews.com lowered UFP Industries from a “buy” rating to a “hold” rating in a report on Wednesday. Finally, Benchmark reaffirmed a “buy” rating and issued a $135.00 price objective on shares of UFP Industries in a report on Wednesday. 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.com, the stock has a consensus 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.