Corient Private Wealth LLC Decreases Holdings in UFP Industries, Inc. (NASDAQ:UFPI)

Corient Private Wealth LLC decreased its holdings in UFP Industries, Inc. (NASDAQ:UFPI) by 10.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,854 shares of the construction company’s stock after selling 1,455 shares during the period. Corient Private Wealth LLC’s holdings in UFP Industries were worth $1,335,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in UFPI. Intech Investment Management LLC purchased a new stake in UFP Industries during the third quarter valued at about $1,404,000. Massachusetts Financial Services Co. MA lifted its stake in shares of UFP Industries by 5.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 9,760 shares of the construction company’s stock valued at $1,281,000 after acquiring an additional 521 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in UFP Industries by 0.5% during 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. Raymond James Trust N.A. boosted its holdings in UFP Industries by 29.7% during the 3rd quarter. Raymond James Trust N.A. now owns 5,949 shares of the construction company’s stock valued at $781,000 after acquiring an additional 1,362 shares during the period. Finally, Citigroup Inc. grew its position in UFP Industries by 50.7% during the 3rd quarter. Citigroup Inc. now owns 119,426 shares of the construction company’s stock worth $15,670,000 after acquiring an additional 40,162 shares during the last quarter. Institutional investors own 81.81% of the company’s stock.

UFP Industries Price Performance

Shares of UFPI stock opened at $109.99 on Wednesday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.25 and a current ratio of 4.88. The firm has a market cap of $6.69 billion, a P/E ratio of 16.25 and a beta of 1.52. The business’s 50 day moving average price is $112.07 and its 200-day moving average price is $121.27. UFP Industries, Inc. has a fifty-two week low of $102.35 and a fifty-two week high of $141.33.

UFP Industries (NASDAQ:UFPI) last issued 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). UFP Industries had a net margin of 6.23% and a return on equity of 13.24%. The company had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.43 billion. On average, equities research analysts anticipate that UFP Industries, Inc. will post 7.08 earnings per share for the current year.

UFP Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a $0.35 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This is a positive change from UFP Industries’s previous quarterly dividend of $0.33. This represents a $1.40 annualized dividend and a yield of 1.27%. UFP Industries’s dividend payout ratio (DPR) is 20.68%.

Analyst Ratings Changes

Several analysts have weighed in on the company. StockNews.com downgraded UFP Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, February 19th. Benchmark reissued a “buy” rating and set a $135.00 price target on shares of UFP Industries in a research report on Wednesday, February 19th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, UFP Industries currently has a consensus rating of “Moderate Buy” and an average price target 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.