FourThought Financial Partners LLC Invests $266,000 in UFP Industries, Inc. (NASDAQ:UFPI)

FourThought Financial Partners LLC acquired a new position in shares of UFP Industries, Inc. (NASDAQ:UFPI) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,118 shares of the construction company’s stock, valued at approximately $266,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Contravisory Investment Management Inc. bought a new stake in shares of UFP Industries in the fourth quarter valued at approximately $27,000. GAMMA Investing LLC bought a new position in UFP Industries in the 4th quarter worth $30,000. SRS Capital Advisors Inc. increased its stake in shares of UFP Industries by 218.9% in the 4th quarter. SRS Capital Advisors Inc. now owns 287 shares of the construction company’s stock worth $36,000 after acquiring an additional 197 shares in the last quarter. Global Retirement Partners LLC grew its position in UFP Industries by 46.2% during the 4th quarter. Global Retirement Partners LLC now owns 440 shares of the construction company’s stock valued at $51,000 after purchasing an additional 139 shares during the last quarter. Finally, Headlands Technologies LLC purchased a new stake in shares of UFP Industries during the 3rd quarter valued at about $59,000. 81.81% of the stock is currently owned by institutional investors and hedge funds.

UFP Industries Price Performance

UFP Industries stock traded up $1.24 during mid-day trading on Monday, hitting $117.89. 144,201 shares of the company were exchanged, compared to its average volume of 281,268. The company has a quick ratio of 3.37, a current ratio of 4.79 and a debt-to-equity ratio of 0.07. The business has a fifty day moving average of $115.89 and a 200 day moving average of $114.00. UFP Industries, Inc. has a 1-year low of $77.47 and a 1-year high of $128.65. The company has a market capitalization of $7.25 billion, a PE ratio of 14.51 and a beta of 1.47.

UFP Industries (NASDAQ:UFPI) last released its quarterly earnings data on Tuesday, April 30th. The construction company reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.62 by $0.34. UFP Industries had a return on equity of 17.07% and a net margin of 7.24%. The firm had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.71 billion. During the same period in the prior year, the company posted $1.98 earnings per share. The business’s revenue for the quarter was down 10.1% compared to the same quarter last year. As a group, sell-side analysts expect that UFP Industries, Inc. will post 7.37 earnings per share for the current year.

UFP Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 3rd will be paid a $0.33 dividend. The ex-dividend date is Friday, May 31st. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.12%. UFP Industries’s dividend payout ratio (DPR) is presently 16.42%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Benchmark cut their price target on UFP Industries from $137.00 to $133.00 and set a “buy” rating for the company in a research note on Wednesday, May 1st. StockNews.com downgraded UFP Industries from a “strong-buy” rating to a “buy” rating in a research report on Thursday, April 4th. Wedbush reaffirmed a “neutral” rating and issued a $102.00 target price on shares of UFP Industries in a research report on Thursday, February 22nd. Finally, Stifel Nicolaus raised their target price on shares of UFP Industries from $115.00 to $125.00 and gave the company a “buy” rating in a report on Wednesday, February 21st. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, UFP Industries has a consensus rating of “Moderate Buy” and a consensus target price of $113.20.

Insider Activity

In related news, CEO Matthew J. Missad sold 5,018 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $114.05, for a total value of $572,302.90. Following the transaction, the chief executive officer now owns 363,328 shares in the company, valued at $41,437,558.40. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.58% of the stock is currently owned by corporate insiders.

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.