Smartleaf Asset Management LLC Has $60,000 Stock Position in UFP Industries, Inc. (NASDAQ:UFPI)

Smartleaf Asset Management LLC boosted its position in UFP Industries, Inc. (NASDAQ:UFPI) by 1,683.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 535 shares of the construction company’s stock after purchasing an additional 505 shares during the period. Smartleaf Asset Management LLC’s holdings in UFP Industries were worth $60,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of UFPI. FMR LLC raised its holdings in UFP Industries by 13.4% in the 3rd quarter. FMR LLC now owns 1,635,577 shares of the construction company’s stock valued at $214,604,000 after acquiring an additional 193,891 shares during the period. Geode Capital Management LLC raised its holdings in UFP Industries by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 1,528,221 shares of the construction company’s stock valued at $200,553,000 after acquiring an additional 14,857 shares during the period. Franklin Resources Inc. raised its holdings in UFP Industries by 18.2% in the 3rd quarter. Franklin Resources Inc. now owns 1,225,972 shares of the construction company’s stock valued at $169,675,000 after acquiring an additional 188,969 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in UFP Industries by 3.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 919,018 shares of the construction company’s stock valued at $102,158,000 after acquiring an additional 31,381 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in UFP Industries by 0.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 769,841 shares of the construction company’s stock valued at $101,011,000 after acquiring an additional 4,006 shares during the period. 81.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at UFP Industries

In other UFP Industries news, Director William G. Currie sold 5,700 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $126.59, for a total value of $721,563.00. Following the sale, the director now owns 61,140 shares in the company, valued at $7,739,712.60. This trade represents a 8.53 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 2.58% of the stock is currently owned by insiders.

UFP Industries Stock Down 0.7 %

Shares of UFPI opened at $108.38 on Tuesday. UFP Industries, Inc. has a 12 month low of $102.35 and a 12 month high of $141.33. The firm’s 50 day moving average is $113.02 and its 200-day moving average is $122.28. The stock has a market capitalization of $6.57 billion, a PE ratio of 16.01 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.

UFP Industries (NASDAQ:UFPI) last announced 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). The firm had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.43 billion. UFP Industries had a net margin of 6.23% and a return on equity of 13.24%. Equities research analysts forecast that UFP Industries, Inc. will post 7.08 EPS for the current year.

UFP Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 1.29%. This is a boost 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 (DPR) is 20.68%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Benchmark reissued a “buy” rating and issued 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 report on Wednesday, February 19th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $143.00.

UFP Industries 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.