Graham Capital Management L.P. grew its holdings in UFP Industries, Inc. (NASDAQ:UFPI – Get Rating) by 303.2% in the first quarter, Holdings Channel.com reports. The institutional investor owned 15,848 shares of the construction company’s stock after acquiring an additional 11,917 shares during the quarter. Graham Capital Management L.P.’s holdings in UFP Industries were worth $1,222,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also made changes to their positions in UFPI. BlackRock Inc. raised its holdings in shares of UFP Industries by 5.6% in the first quarter. BlackRock Inc. now owns 10,141,362 shares of the construction company’s stock valued at $782,507,000 after buying an additional 541,090 shares during the last quarter. Millennium Management LLC raised its holdings in shares of UFP Industries by 421.2% in the fourth quarter. Millennium Management LLC now owns 312,415 shares of the construction company’s stock valued at $28,745,000 after buying an additional 252,473 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of UFP Industries in the first quarter valued at about $14,028,000. Renaissance Technologies LLC raised its holdings in shares of UFP Industries by 256.1% in the first quarter. Renaissance Technologies LLC now owns 177,009 shares of the construction company’s stock valued at $13,658,000 after buying an additional 127,300 shares during the last quarter. Finally, First Trust Advisors LP raised its holdings in shares of UFP Industries by 70.8% in the first quarter. First Trust Advisors LP now owns 228,794 shares of the construction company’s stock valued at $17,654,000 after buying an additional 94,861 shares during the last quarter. 81.86% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of equities research analysts have recently commented on the stock. Stifel Nicolaus upped their target price on shares of UFP Industries from $95.00 to $100.00 in a report on Friday, July 22nd. DA Davidson increased their price target on shares of UFP Industries from $90.00 to $101.00 in a report on Friday, July 22nd. StockNews.com raised shares of UFP Industries from a “hold” rating to a “buy” rating in a report on Monday, July 25th. Benchmark increased their price target on shares of UFP Industries to $110.00 in a report on Monday, July 25th. Finally, Wedbush increased their price target on shares of UFP Industries to $108.00 in a report on Friday, July 22nd.
Insider Buying and Selling at UFP Industries
UFP Industries Trading Up 2.4 %
Shares of UFP Industries stock opened at $77.75 on Monday. UFP Industries, Inc. has a 12-month low of $64.13 and a 12-month high of $94.80. The company has a current ratio of 2.88, a quick ratio of 1.54 and a debt-to-equity ratio of 0.12. The stock has a market cap of $4.79 billion, a PE ratio of 7.50 and a beta of 1.56. The company has a 50-day moving average of $81.57 and a two-hundred day moving average of $79.06.
UFP Industries Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st will be issued a $0.25 dividend. The ex-dividend date is Wednesday, August 31st. This represents a $1.00 dividend on an annualized basis and a yield of 1.29%. UFP Industries’s dividend payout ratio (DPR) is presently 9.64%.
UFP Industries Profile
UFP Industries, Inc, through its subsidiaries, designs, manufactures, and markets wood and wood-alternative products in North America, Europe, Asia, and Australia. It operates through Retail, Industrial, and Construction segments. The Retail segment offers preserved and unpreserved dimensional lumber; and outdoor living products, including wood and wood composite decking and related accessories, decorative lawn, garden, craft, and hobby products.
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