Handelsbanken Fonder AB Purchases 1,400 Shares of UFP Industries, Inc. (NASDAQ:UFPI)

Handelsbanken Fonder AB increased its holdings in UFP Industries, Inc. (NASDAQ:UFPI) by 11.0% in the fourth quarter, Holdings Channel reports. The fund owned 14,095 shares of the construction company’s stock after purchasing an additional 1,400 shares during the quarter. Handelsbanken Fonder AB’s holdings in UFP Industries were worth $1,588,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in UFPI. Signaturefd LLC raised its position in shares of UFP Industries by 31.8% in the 3rd quarter. Signaturefd LLC now owns 315 shares of the construction company’s stock worth $41,000 after acquiring an additional 76 shares in the last quarter. Principal Securities Inc. raised its holdings in UFP Industries by 39.8% in the fourth quarter. Principal Securities Inc. now owns 615 shares of the construction company’s stock worth $69,000 after purchasing an additional 175 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in UFP Industries in the third quarter worth about $94,000. Millburn Ridgefield Corp purchased a new stake in shares of UFP Industries during the third quarter valued at about $140,000. Finally, Verdence Capital Advisors LLC bought a new stake in shares of UFP Industries in the 3rd quarter valued at about $210,000. 81.81% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director William G. Currie sold 5,700 shares of the business’s stock in a transaction dated 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 directly owns 61,140 shares in the company, valued at approximately $7,739,712.60. The trade was a 8.53 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 2.58% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on UFPI shares. Benchmark reiterated a “buy” rating and set a $135.00 price objective on shares of UFP Industries in a research note on Wednesday, February 19th. Wedbush reaffirmed an “outperform” rating and set a $155.00 price target on shares of UFP Industries in a research report on Monday, November 4th. Finally, StockNews.com cut 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 given a buy rating to the stock. Based on data from MarketBeat.com, UFP Industries has a consensus rating of “Moderate Buy” and an average price target of $143.00.

UFP Industries Trading Down 1.0 %

UFP Industries stock opened at $108.77 on Thursday. UFP Industries, Inc. has a 52 week low of $105.57 and a 52 week high of $141.33. The stock has a 50-day moving average price of $113.99 and a 200 day moving average price of $122.86. The company has a quick ratio of 3.25, a current ratio of 4.88 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $6.61 billion, a price-to-earnings ratio of 16.07 and a beta of 1.45.

UFP Industries (NASDAQ:UFPI) last announced its quarterly earnings data 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 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 analyst estimates of $1.43 billion. Sell-side analysts anticipate that UFP Industries, Inc. will post 7.08 EPS for the current year.

UFP Industries Increases Dividend

The firm 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. The ex-dividend date is Monday, March 3rd. This is a boost from UFP Industries’s previous quarterly dividend of $0.33. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.29%. 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.