UFP Industries, Inc. (NASDAQ:UFPI) Shares Bought by Johnson Investment Counsel Inc.

Johnson Investment Counsel Inc. raised its position in UFP Industries, Inc. (NASDAQ:UFPI) by 40.9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 19,905 shares of the construction company’s stock after acquiring an additional 5,780 shares during the quarter. Johnson Investment Counsel Inc.’s holdings in UFP Industries were worth $2,242,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of UFP Industries by 23.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,793 shares of the construction company’s stock worth $1,892,000 after purchasing an additional 3,151 shares during the period. PNC Financial Services Group Inc. grew its stake in shares of UFP Industries by 31.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 6,227 shares of the construction company’s stock worth $701,000 after purchasing an additional 1,480 shares during the period. Edgestream Partners L.P. grew its stake in shares of UFP Industries by 161.7% during the 4th quarter. Edgestream Partners L.P. now owns 19,492 shares of the construction company’s stock worth $2,196,000 after purchasing an additional 12,044 shares during the period. Callan Family Office LLC acquired a new position in shares of UFP Industries during the 4th quarter worth $602,000. Finally, Raymond James Financial Inc. acquired a new position in shares of UFP Industries during the 4th quarter worth $30,457,000. 81.81% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on UFPI shares. StockNews.com cut shares of UFP Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, February 19th. Benchmark reaffirmed a “buy” rating and set a $135.00 price target on shares of UFP Industries in a research note on Wednesday, February 19th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $143.00.

UFP Industries Price Performance

UFP Industries stock opened at $105.77 on Wednesday. UFP Industries, Inc. has a 52 week low of $102.35 and a 52 week 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’s 50-day simple moving average is $112.81 and its 200 day simple moving average is $122.07. The firm has a market capitalization of $6.42 billion, a PE ratio of 15.62 and a beta of 1.52.

UFP Industries (NASDAQ:UFPI) last released its quarterly earnings data on Monday, February 17th. The construction company reported $1.20 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. On average, equities research analysts predict that UFP Industries, Inc. will post 7.08 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 $0.35 dividend. The ex-dividend date is Monday, March 3rd. This is a positive change from UFP Industries’s previous quarterly dividend of $0.33. This represents a $1.40 annualized dividend and a dividend yield of 1.32%. UFP Industries’s payout ratio is currently 20.68%.

Insider Buying and Selling

In other UFP Industries news, Director William G. Currie sold 5,700 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $126.59, for a total value of $721,563.00. Following the transaction, the director now directly owns 61,140 shares in the company, valued at approximately $7,739,712.60. This represents a 8.53 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.58% of the company’s stock.

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.