Raymond James Financial Inc. Takes $30.46 Million Position in UFP Industries, Inc. (NASDAQ:UFPI)

Raymond James Financial Inc. bought a new position in UFP Industries, Inc. (NASDAQ:UFPI) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 270,371 shares of the construction company’s stock, valued at approximately $30,457,000. Raymond James Financial Inc. owned 0.45% of UFP Industries at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Proficio Capital Partners LLC bought a new position in shares of UFP Industries during the 4th quarter worth about $4,302,000. Seizert Capital Partners LLC lifted its stake in UFP Industries by 14.1% during the fourth quarter. Seizert Capital Partners LLC now owns 39,510 shares of the construction company’s stock worth $4,451,000 after purchasing an additional 4,887 shares during the period. Atria Investments Inc boosted its holdings in UFP Industries by 8.7% during the fourth quarter. Atria Investments Inc now owns 12,591 shares of the construction company’s stock valued at $1,418,000 after purchasing an additional 1,010 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of UFP Industries by 0.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 772,001 shares of the construction company’s stock valued at $86,966,000 after purchasing an additional 2,160 shares during the period. Finally, Jones Financial Companies Lllp raised its holdings 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 in the last quarter. Institutional investors and hedge funds own 81.81% of the company’s stock.

UFP Industries Stock Up 2.0 %

NASDAQ UFPI opened at $106.55 on Friday. The stock’s 50 day simple moving average is $112.53 and its 200 day simple moving average is $121.83. 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, Inc. has a one year low of $102.35 and a one year high of $141.33. The firm has a market cap of $6.46 billion, a PE ratio of 15.74 and a beta of 1.52.

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 analysts’ consensus estimates of $1.24 by ($0.04). The business had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.43 billion. UFP Industries had a net margin of 6.23% and a return on equity of 13.24%. As a group, sell-side analysts forecast that UFP Industries, Inc. will post 7.08 earnings per share for the current fiscal year.

UFP Industries Increases Dividend

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

Analysts Set New Price Targets

Several analysts recently commented on the company. StockNews.com lowered UFP Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, February 19th. Benchmark restated a “buy” rating and issued a $135.00 target price 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 assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average 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.