Charles Schwab Investment Management Inc. Has $86.97 Million Stake in UFP Industries, Inc. (NASDAQ:UFPI)

Charles Schwab Investment Management Inc. boosted its stake in UFP Industries, Inc. (NASDAQ:UFPI) by 0.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 772,001 shares of the construction company’s stock after purchasing an additional 2,160 shares during the period. Charles Schwab Investment Management Inc. owned about 1.27% of UFP Industries worth $86,966,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Jones Financial Companies Lllp grew its holdings in UFP Industries by 357.8% during the 4th quarter. Jones Financial Companies Lllp now owns 531 shares of the construction company’s stock worth $60,000 after acquiring an additional 415 shares during the period. Smartleaf Asset Management LLC grew its holdings in UFP Industries by 1,683.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 535 shares of the construction company’s stock worth $60,000 after acquiring an additional 505 shares during the period. Principal Securities Inc. grew its holdings in UFP Industries by 39.8% during the 4th quarter. Principal Securities Inc. now owns 615 shares of the construction company’s stock worth $69,000 after acquiring an additional 175 shares during the period. Kohmann Bosshard Financial Services LLC acquired a new stake in UFP Industries during the 4th quarter worth about $106,000. Finally, Millburn Ridgefield Corp acquired a new stake in UFP Industries during the 3rd quarter worth about $140,000. 81.81% of the stock is currently owned by institutional investors and hedge funds.

UFP Industries Price Performance

Shares of NASDAQ UFPI opened at $108.38 on Tuesday. UFP Industries, Inc. has a fifty-two week low of $102.35 and a fifty-two week high of $141.33. The stock has a market cap of $6.57 billion, a price-to-earnings ratio of 16.01 and a beta of 1.52. 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 firm’s 50-day simple moving average is $113.02 and its 200 day simple moving average is $122.28.

UFP Industries (NASDAQ:UFPI) last announced its quarterly 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 business had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.43 billion. As a group, research analysts anticipate that UFP Industries, Inc. will post 7.08 earnings per share for the current fiscal year.

UFP Industries Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.40 annualized dividend and a dividend yield of 1.29%. 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%.

Insiders Place Their Bets

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

Analyst Ratings Changes

A number of analysts have weighed in on the company. Benchmark reiterated a “buy” rating and set a $135.00 price target on shares of UFP Industries in a report on Wednesday, February 19th. StockNews.com cut shares of UFP Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, February 19th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, UFP Industries currently 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.