5,494 Shares in UFP Industries, Inc. (NASDAQ:UFPI) Bought by Magnetar Financial LLC

Magnetar Financial LLC bought a new position in shares of UFP Industries, Inc. (NASDAQ:UFPI) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 5,494 shares of the construction company’s stock, valued at approximately $619,000.

Other large investors have also bought and sold shares of the company. Smartleaf Asset Management LLC raised its position in UFP Industries by 1,683.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 535 shares of the construction company’s stock worth $60,000 after purchasing an additional 505 shares during the last quarter. Jones Financial Companies Lllp grew its holdings in UFP Industries by 357.8% during the 4th quarter. Jones Financial Companies Lllp now owns 531 shares of the construction company’s stock worth $60,000 after acquiring an additional 415 shares during the period. Principal Securities Inc. grew its holdings in 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 acquiring an additional 175 shares during the period. Kohmann Bosshard Financial Services LLC acquired a new stake in UFP Industries during the 4th quarter worth about $106,000. Finally, Millburn Ridgefield Corp acquired a new stake in UFP Industries during the 3rd quarter worth about $140,000. 81.81% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on UFPI shares. StockNews.com downgraded UFP Industries from a “buy” rating to a “hold” rating in a report on Wednesday, February 19th. Benchmark reiterated a “buy” rating and set a $135.00 price target on shares of UFP Industries in a 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 company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $143.00.

UFP Industries Stock Performance

Shares of UFPI opened at $107.50 on Friday. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.88 and a quick ratio of 3.25. The stock has a 50-day moving average of $112.19 and a 200-day moving average of $121.23. The company has a market cap of $6.54 billion, a PE ratio of 15.88 and a beta of 1.52. UFP Industries, Inc. has a one year low of $102.35 and a one year high of $141.33.

UFP Industries (NASDAQ:UFPI) last issued 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). The firm had revenue of $1.46 billion during 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 EPS for the current fiscal year.

UFP Industries Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given 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 yield of 1.30%. UFP Industries’s dividend payout ratio (DPR) is presently 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.