Deutsche Bank AG Has $5.94 Million Holdings in UFP Industries, Inc. (NASDAQ:UFPI)

Deutsche Bank AG decreased its position in shares of UFP Industries, Inc. (NASDAQ:UFPI) by 12.9% in the fourth quarter, Holdings Channel reports. The fund owned 52,765 shares of the construction company’s stock after selling 7,835 shares during the period. Deutsche Bank AG’s holdings in UFP Industries were worth $5,944,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. FMR LLC increased its stake in shares of UFP Industries by 7.1% in the fourth quarter. FMR LLC now owns 1,751,264 shares of the construction company’s stock worth $197,280,000 after purchasing an additional 115,687 shares during the period. T. Rowe Price Investment Management Inc. increased its position in UFP Industries by 39.1% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,546,745 shares of the construction company’s stock worth $174,241,000 after buying an additional 435,155 shares during the period. Franklin Resources Inc. increased its position in UFP Industries by 5.0% in the 4th quarter. Franklin Resources Inc. now owns 1,287,833 shares of the construction company’s stock worth $145,074,000 after buying an additional 61,861 shares during the period. Northern Trust Corp lifted its holdings in shares of UFP Industries by 9.7% during the fourth quarter. Northern Trust Corp now owns 1,111,147 shares of the construction company’s stock worth $125,171,000 after buying an additional 98,533 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of UFP Industries by 3.5% in the fourth 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. 81.81% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on UFPI. Benchmark reaffirmed a “buy” rating and set a $135.00 target price on shares of UFP Industries in a research report on Wednesday, February 19th. StockNews.com downgraded shares of UFP Industries from a “buy” rating to a “hold” rating in a report on Wednesday, February 19th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, UFP Industries currently has an average rating of “Moderate Buy” and a consensus target price of $143.00.

UFP Industries Stock Performance

Shares of NASDAQ UFPI opened at $102.59 on Monday. The firm has a market capitalization of $6.20 billion, a price-to-earnings ratio of 15.15 and a beta of 1.54. UFP Industries, Inc. has a one year low of $95.90 and a one year high of $141.33. The business has a fifty day simple moving average of $104.74 and a 200 day simple moving average of $114.33. 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 released its quarterly earnings data on Monday, April 28th. The construction company reported $1.30 EPS for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.27). The business had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.61 billion. UFP Industries had a return on equity of 13.24% and a net margin of 6.23%. UFP Industries’s revenue was down 2.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.96 earnings per share. Sell-side analysts expect that UFP Industries, Inc. will post 7.08 EPS for the current year.

UFP Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date of this dividend is Monday, June 2nd. UFP Industries’s payout ratio is 22.91%.

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.