Natixis Advisors LLC Has $1.81 Million Holdings in UFP Industries, Inc. (NASDAQ:UFPI)

Natixis Advisors LLC trimmed its position in shares of UFP Industries, Inc. (NASDAQ:UFPI) by 47.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,089 shares of the construction company’s stock after selling 14,550 shares during the period. Natixis Advisors LLC’s holdings in UFP Industries were worth $1,813,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of UFPI. Ironwood Investment Management LLC increased its stake in UFP Industries by 1.0% in the fourth quarter. Ironwood Investment Management LLC now owns 15,675 shares of the construction company’s stock valued at $1,766,000 after acquiring an additional 155 shares during the last quarter. Picton Mahoney Asset Management boosted its holdings in shares of UFP Industries by 18.5% in the 4th quarter. Picton Mahoney Asset Management now owns 140,161 shares of the construction company’s stock valued at $15,785,000 after purchasing an additional 21,880 shares in the last quarter. Impact Capital Partners LLC bought a new position in shares of UFP Industries in the 4th quarter valued at $550,000. Avantax Advisory Services Inc. raised its holdings in shares of UFP Industries by 4.7% during the 4th quarter. Avantax Advisory Services Inc. now owns 3,286 shares of the construction company’s stock worth $370,000 after buying an additional 147 shares in the last quarter. Finally, Johnson Investment Counsel Inc. lifted its position in shares of UFP Industries by 40.9% during the 4th quarter. Johnson Investment Counsel Inc. now owns 19,905 shares of the construction company’s stock worth $2,242,000 after buying an additional 5,780 shares during the last quarter. 81.81% of the stock is owned by institutional investors.

Analyst Ratings Changes

UFPI has been the topic of a number of recent analyst reports. StockNews.com cut UFP Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, February 19th. Benchmark reiterated a “buy” rating and set a $135.00 price objective on shares of UFP Industries in a research 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. Based on data from MarketBeat.com, UFP Industries currently has a consensus rating of “Moderate Buy” and a consensus target price of $143.00.

UFP Industries Stock Performance

Shares of UFPI stock opened at $111.75 on Tuesday. The firm has a market capitalization of $6.80 billion, a price-to-earnings ratio of 16.51 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 business’s 50-day moving average price is $112.16 and its 200-day moving average price is $121.29. UFP Industries, Inc. has a 12 month low of $102.35 and a 12 month high of $141.33.

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

UFP Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a $0.35 dividend. This is a boost from UFP Industries’s previous quarterly dividend of $0.33. The ex-dividend date was Monday, March 3rd. This represents a $1.40 annualized dividend and a dividend yield of 1.25%. UFP Industries’s payout ratio is currently 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.