Vestcor Inc Sells 755 Shares of UFP Industries, Inc. (NASDAQ:UFPI)

Vestcor Inc decreased its holdings in UFP Industries, Inc. (NASDAQ:UFPI) by 6.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,341 shares of the construction company’s stock after selling 755 shares during the period. Vestcor Inc’s holdings in UFP Industries were worth $1,165,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in UFPI. Atria Investments Inc grew its stake in shares of UFP Industries by 19.3% during the third quarter. Atria Investments Inc now owns 11,581 shares of the construction company’s stock valued at $1,520,000 after buying an additional 1,871 shares during the last quarter. MQS Management LLC bought a new stake in shares of UFP Industries in the 3rd quarter valued at about $240,000. CIBC Asset Management Inc purchased a new stake in UFP Industries during the 3rd quarter valued at about $236,000. Natixis Advisors LLC grew its position in UFP Industries by 4.6% during the 3rd quarter. Natixis Advisors LLC now owns 30,639 shares of the construction company’s stock worth $4,020,000 after acquiring an additional 1,361 shares during the last quarter. Finally, Seizert Capital Partners LLC increased its stake in UFP Industries by 85.5% in the 3rd quarter. Seizert Capital Partners LLC now owns 34,623 shares of the construction company’s stock worth $4,543,000 after purchasing an additional 15,958 shares during the period. Hedge funds and other institutional investors own 81.81% of the company’s stock.

UFP Industries Stock Up 2.0 %

Shares of UFP Industries stock opened at $106.55 on Friday. The company’s fifty day simple moving average is $112.43 and its two-hundred day simple moving average is $121.70. UFP Industries, Inc. has a 12-month low of $102.35 and a 12-month high of $141.33. The company has a current ratio of 4.88, a quick ratio of 3.25 and a debt-to-equity ratio of 0.07. The company has a market cap of $6.46 billion, a P/E ratio of 15.74 and a beta of 1.52.

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 during the quarter, compared to the consensus estimate of $1.43 billion. UFP Industries had a return on equity of 13.24% and a net margin of 6.23%. Research analysts anticipate that UFP Industries, Inc. will post 7.08 EPS for the current year.

UFP Industries Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date is Monday, March 3rd. This is a boost from UFP Industries’s previous quarterly dividend of $0.33. UFP Industries’s dividend payout ratio (DPR) is presently 20.68%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on UFPI. StockNews.com cut shares of UFP Industries from a “buy” rating to a “hold” rating in a report on Wednesday, February 19th. Benchmark restated a “buy” rating and issued a $135.00 price objective 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 stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $143.00.

UFP Industries 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.