UFP Industries, Inc. (NASDAQ:UFPI) Shares Acquired by New York State Common Retirement Fund

New York State Common Retirement Fund grew its stake in UFP Industries, Inc. (NASDAQ:UFPIFree Report) by 2.1% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 47,656 shares of the construction company’s stock after acquiring an additional 978 shares during the quarter. New York State Common Retirement Fund owned about 0.08% of UFP Industries worth $4,880,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of UFPI. Norges Bank acquired a new stake in shares of UFP Industries during the 4th quarter worth about $46,160,000. Victory Capital Management Inc. increased its position in shares of UFP Industries by 25.5% during the 4th quarter. Victory Capital Management Inc. now owns 1,714,394 shares of the construction company’s stock worth $135,866,000 after purchasing an additional 348,158 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of UFP Industries by 101.8% during the 2nd quarter. Goldman Sachs Group Inc. now owns 637,059 shares of the construction company’s stock worth $61,827,000 after purchasing an additional 321,422 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC acquired a new stake in shares of UFP Industries during the 2nd quarter worth about $18,554,000. Finally, Comerica Bank acquired a new stake in shares of UFP Industries during the 2nd quarter worth about $17,313,000. 79.45% of the stock is owned by institutional investors and hedge funds.

UFP Industries Stock Performance

NASDAQ UFPI opened at $118.90 on Monday. The company has a market cap of $7.33 billion, a P/E ratio of 13.92 and a beta of 1.49. The company has a debt-to-equity ratio of 0.09, a current ratio of 4.16 and a quick ratio of 2.93. The stock has a 50-day moving average of $118.49 and a two-hundred day moving average of $108.11. UFP Industries, Inc. has a 1-year low of $75.01 and a 1-year high of $128.65.

UFP Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 15th. Stockholders of record on Friday, March 1st will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 1.11%. The ex-dividend date of this dividend is Thursday, February 29th. This is a boost from UFP Industries’s previous quarterly dividend of $0.20. UFP Industries’s dividend payout ratio (DPR) is presently 15.46%.

Analyst Ratings Changes

A number of brokerages recently issued reports on UFPI. Stifel Nicolaus raised their price objective on UFP Industries from $112.00 to $115.00 and gave the stock a “buy” rating in a research report on Tuesday, December 19th. Wedbush reissued a “neutral” rating and set a $102.00 price objective on shares of UFP Industries in a research report on Tuesday, October 31st. Finally, DA Davidson downgraded UFP Industries from a “buy” rating to a “neutral” rating and dropped their target price for the company from $122.00 to $106.00 in a research report on Wednesday, November 1st. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, UFP Industries has an average rating of “Moderate Buy” and a consensus target price of $108.60.

Check Out Our Latest Stock Report on UFP Industries

UFP Industries Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for UFP Industries (NASDAQ:UFPI)

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