Loomis Sayles & Co. L P Has $30.68 Million Stock Holdings in UFP Industries, Inc. (NASDAQ:UFPI)

Loomis Sayles & Co. L P increased its position in shares of UFP Industries, Inc. (NASDAQ:UFPI) by 0.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 272,349 shares of the construction company’s stock after acquiring an additional 1,775 shares during the quarter. Loomis Sayles & Co. L P owned about 0.45% of UFP Industries worth $30,680,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in UFPI. JPMorgan Chase & Co. grew its holdings in UFP Industries by 10.7% during the 4th quarter. JPMorgan Chase & Co. now owns 698,684 shares of the construction company’s stock worth $78,707,000 after acquiring an additional 67,280 shares during the period. Penobscot Investment Management Company Inc. boosted its position in shares of UFP Industries by 70.9% in the 4th quarter. Penobscot Investment Management Company Inc. now owns 4,520 shares of the construction company’s stock worth $509,000 after purchasing an additional 1,875 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its stake in shares of UFP Industries by 6.2% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,796 shares of the construction company’s stock worth $202,000 after purchasing an additional 105 shares during the period. Prudential Financial Inc. increased its holdings in UFP Industries by 14.2% in the fourth quarter. Prudential Financial Inc. now owns 107,878 shares of the construction company’s stock valued at $12,152,000 after purchasing an additional 13,405 shares during the last quarter. Finally, Bridge City Capital LLC lifted its stake in UFP Industries by 8.1% in the fourth quarter. Bridge City Capital LLC now owns 55,978 shares of the construction company’s stock valued at $6,306,000 after buying an additional 4,176 shares during the period. Institutional investors own 81.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on UFPI shares. StockNews.com lowered UFP Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, February 19th. Benchmark reissued a “buy” rating and set a $135.00 price target on shares of UFP Industries in a research report on Wednesday, February 19th. 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, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $143.00.

UFP Industries Stock Performance

UFPI opened at $110.09 on Friday. The company has a market capitalization of $6.70 billion, a price-to-earnings ratio of 16.26 and a beta of 1.52. The business’s 50-day moving average price is $111.78 and its two-hundred day moving average price is $121.11. UFP Industries, Inc. has a 1 year low of $102.35 and a 1 year high of $141.33. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.88 and a quick ratio of 3.25.

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

UFP Industries Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a dividend of $0.35 per share. The ex-dividend date was Monday, March 3rd. This is a boost from UFP Industries’s previous quarterly dividend of $0.33. This represents a $1.40 annualized dividend and a yield of 1.27%. UFP Industries’s payout ratio is 20.68%.

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.