Natixis Advisors LLC Sells 14,550 Shares of UFP Industries, Inc. (NASDAQ:UFPI)

Natixis Advisors LLC decreased its position in shares of UFP Industries, Inc. (NASDAQ:UFPI) by 47.5% in the 4th quarter, Holdings Channel reports. The firm owned 16,089 shares of the construction company’s stock after selling 14,550 shares during the quarter. Natixis Advisors LLC’s holdings in UFP Industries were worth $1,813,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC boosted its position in shares of UFP Industries by 1,683.3% during the 4th 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% in the fourth quarter. Jones Financial Companies Lllp now owns 531 shares of the construction company’s stock valued at $60,000 after buying 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 worth $69,000 after buying an additional 175 shares in the last quarter. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of UFP Industries during the 4th quarter worth approximately $106,000. Finally, Millburn Ridgefield Corp bought a new stake in shares of UFP Industries in the 3rd quarter valued at $140,000. Institutional investors own 81.81% of the company’s stock.

UFP Industries Stock Up 4.0 %

UFP Industries stock opened at $111.75 on Tuesday. 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’s fifty day moving average price is $112.16 and its two-hundred day moving average price is $121.29. The firm has a market capitalization of $6.80 billion, a price-to-earnings ratio of 16.51 and a beta of 1.52. UFP Industries, Inc. has a 1-year low of $102.35 and a 1-year high of $141.33.

UFP Industries (NASDAQ:UFPI) last released its quarterly earnings results 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 company had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.43 billion. UFP Industries had a net margin of 6.23% and a return on equity of 13.24%. On average, equities research analysts predict that UFP Industries, Inc. will post 7.08 earnings per share for the current fiscal year.

UFP Industries Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a dividend of $0.35 per share. The ex-dividend date was Monday, March 3rd. This represents a $1.40 annualized dividend and a yield of 1.25%. This is an increase from UFP Industries’s previous quarterly dividend of $0.33. UFP Industries’s dividend payout ratio is 20.68%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on UFPI shares. StockNews.com cut shares of UFP Industries from a “buy” rating to a “hold” rating in a report on Wednesday, February 19th. Benchmark reissued a “buy” rating and set a $135.00 price objective on shares of UFP Industries in a research report on Wednesday, February 19th. Two 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 presently has an average rating of “Moderate Buy” and a consensus target price 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.