Advantage Alpha Capital Partners LP Sells 7,559 Shares of UFP Industries, Inc. (NASDAQ:UFPI)

Advantage Alpha Capital Partners LP lowered its position in shares of UFP Industries, Inc. (NASDAQ:UFPI) by 18.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,610 shares of the construction company’s stock after selling 7,559 shares during the period. Advantage Alpha Capital Partners LP owned 0.05% of UFP Industries worth $3,674,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in UFPI. Smartleaf Asset Management LLC grew its holdings in shares of UFP Industries by 1,683.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 535 shares of the construction company’s stock valued at $60,000 after purchasing an additional 505 shares during the last quarter. Jones Financial Companies Lllp grew its position in shares of UFP Industries by 357.8% in the 4th quarter. Jones Financial Companies Lllp now owns 531 shares of the construction company’s stock worth $60,000 after buying an additional 415 shares during the period. Principal Securities Inc. lifted its holdings in shares of UFP Industries by 39.8% during the fourth quarter. Principal Securities Inc. now owns 615 shares of the construction company’s stock valued at $69,000 after purchasing an additional 175 shares during the last quarter. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of UFP Industries in the fourth quarter worth $106,000. Finally, Millburn Ridgefield Corp bought a new stake in UFP Industries during the 3rd quarter valued at about $140,000. Hedge funds and other institutional investors own 81.81% of the company’s stock.

UFP Industries Price Performance

Shares of UFPI opened at $107.50 on Monday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.25 and a current ratio of 4.88. The stock has a market capitalization of $6.54 billion, a PE ratio of 15.88 and a beta of 1.52. The company has a 50 day moving average price of $112.19 and a 200-day moving average price of $121.30. UFP Industries, Inc. has a fifty-two week low of $102.35 and a fifty-two week high of $141.33.

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

UFP Industries Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a $0.35 dividend. The ex-dividend date was Monday, March 3rd. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.30%. This is a boost from UFP Industries’s previous quarterly dividend of $0.33. UFP Industries’s dividend payout ratio (DPR) is currently 20.68%.

Analyst Upgrades and Downgrades

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