UFP Industries, Inc. (NASDAQ:UFPI) Shares Bought by QRG Capital Management Inc.

QRG Capital Management Inc. increased its position in UFP Industries, Inc. (NASDAQ:UFPI) by 1.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 38,361 shares of the construction company’s stock after buying an additional 496 shares during the quarter. QRG Capital Management Inc. owned about 0.06% of UFP Industries worth $4,321,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of UFPI. CIBC Asset Management Inc raised its position in UFP Industries by 5.4% in the fourth quarter. CIBC Asset Management Inc now owns 1,895 shares of the construction company’s stock worth $213,000 after acquiring an additional 97 shares in the last quarter. Robertson Stephens Wealth Management LLC raised its holdings in shares of UFP Industries by 5.7% in the 4th quarter. Robertson Stephens Wealth Management LLC now owns 1,914 shares of the construction company’s stock worth $216,000 after purchasing an additional 104 shares in the last quarter. Kingsview Wealth Management LLC lifted its stake in UFP Industries by 1.8% during the third quarter. Kingsview Wealth Management LLC now owns 6,268 shares of the construction company’s stock valued at $822,000 after purchasing an additional 113 shares during the last quarter. Highland Capital Management LLC boosted its holdings in UFP Industries by 6.6% during the fourth quarter. Highland Capital Management LLC now owns 2,222 shares of the construction company’s stock worth $250,000 after buying an additional 138 shares in the last quarter. Finally, Nations Financial Group Inc. IA ADV grew its position in UFP Industries by 2.4% in the fourth quarter. Nations Financial Group Inc. IA ADV now owns 6,809 shares of the construction company’s stock worth $767,000 after buying an additional 160 shares during the last quarter. Institutional investors and hedge funds own 81.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Benchmark reiterated a “buy” rating and set a $135.00 price objective on shares of UFP Industries in a research report on Wednesday, February 19th. StockNews.com downgraded UFP Industries from a “buy” rating to a “hold” rating in a report on Wednesday, February 19th. Finally, Wedbush reissued an “outperform” rating and issued a $155.00 price target on shares of UFP Industries in a research note on Monday, November 4th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, UFP Industries presently has an average rating of “Moderate Buy” and an average target price of $143.00.

Insider Buying and Selling at UFP Industries

In other UFP Industries news, Director William G. Currie sold 5,700 shares of the business’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $126.59, for a total value of $721,563.00. Following the transaction, the director now owns 61,140 shares in the company, valued at $7,739,712.60. The trade was a 8.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 2.58% of the company’s stock.

UFP Industries Price Performance

UFPI opened at $107.00 on Friday. UFP Industries, Inc. has a 12-month low of $105.29 and a 12-month high of $141.33. 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 firm has a market capitalization of $6.50 billion, a P/E ratio of 15.81 and a beta of 1.45. The stock has a fifty day moving average of $113.85 and a 200-day moving average of $122.75.

UFP Industries (NASDAQ:UFPI) last announced its quarterly earnings data on Monday, February 17th. The construction company reported $1.20 earnings per share (EPS) 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 business had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.43 billion. Equities analysts forecast that UFP Industries, Inc. will post 7.08 EPS for the current fiscal year.

UFP Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 1.31%. The ex-dividend date of this dividend is Monday, March 3rd. This is a positive change from UFP Industries’s previous quarterly dividend of $0.33. UFP Industries’s dividend payout ratio is currently 20.68%.

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.