Segall Bryant & Hamill LLC Cuts Stock Holdings in UFP Industries, Inc. (NASDAQ:UFPI)

Segall Bryant & Hamill LLC reduced its position in UFP Industries, Inc. (NASDAQ:UFPI) by 11.9% in the fourth quarter, Holdings Channel.com reports. The fund owned 103,999 shares of the construction company’s stock after selling 14,011 shares during the period. Segall Bryant & Hamill LLC’s holdings in UFP Industries were worth $11,715,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Smartleaf Asset Management LLC lifted its holdings in shares of UFP Industries by 1,683.3% during the fourth 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 in the last quarter. Jones Financial Companies Lllp lifted its stake in UFP Industries by 357.8% during the 4th quarter. Jones Financial Companies Lllp now owns 531 shares of the construction company’s stock valued at $60,000 after acquiring an additional 415 shares during the period. Principal Securities Inc. boosted its holdings in shares of UFP Industries by 39.8% during the 4th quarter. Principal Securities Inc. now owns 615 shares of the construction company’s stock valued at $69,000 after acquiring an additional 175 shares during the last quarter. Kohmann Bosshard Financial Services LLC bought a new stake in shares of UFP Industries in the fourth quarter worth approximately $106,000. Finally, Millburn Ridgefield Corp purchased a new position in shares of UFP Industries during the third quarter valued at approximately $140,000. 81.81% of the stock is owned by institutional investors.

Analysts Set New Price Targets

UFPI has been the topic of several research reports. StockNews.com cut shares of UFP Industries from a “buy” rating to a “hold” rating in a report on Wednesday, February 19th. Benchmark reaffirmed a “buy” rating and issued a $135.00 price objective on shares of UFP Industries in a report on Wednesday, February 19th. Two research 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 has a consensus rating of “Moderate Buy” and a consensus target price of $143.00.

UFP Industries Stock Performance

Shares of NASDAQ UFPI opened at $109.99 on Wednesday. UFP Industries, Inc. has a 12-month low of $102.35 and a 12-month high of $141.33. The firm has a market capitalization of $6.69 billion, a price-to-earnings ratio of 16.25 and a beta of 1.52. The company has a current ratio of 4.88, a quick ratio of 3.25 and a debt-to-equity ratio of 0.07. The firm has a 50 day moving average of $112.07 and a 200 day moving average of $121.27.

UFP Industries (NASDAQ:UFPI) last issued its quarterly earnings data on Monday, February 17th. The construction company reported $1.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.24 by ($0.04). UFP Industries had a net margin of 6.23% and a return on equity of 13.24%. The business had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.43 billion. On average, research analysts anticipate that UFP Industries, Inc. will post 7.08 earnings per share for the current year.

UFP Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a $0.35 dividend. The ex-dividend date was Monday, March 3rd. This represents a $1.40 annualized dividend and a dividend yield of 1.27%. This is an increase from UFP Industries’s previous quarterly dividend of $0.33. UFP Industries’s dividend payout ratio (DPR) is 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.