Bridge City Capital LLC Buys 4,176 Shares of UFP Industries, Inc. (NASDAQ:UFPI)

Bridge City Capital LLC grew its stake in shares of UFP Industries, Inc. (NASDAQ:UFPI) by 8.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 55,978 shares of the construction company’s stock after buying an additional 4,176 shares during the period. UFP Industries accounts for 1.7% of Bridge City Capital LLC’s portfolio, making the stock its 16th largest position. Bridge City Capital LLC’s holdings in UFP Industries were worth $6,306,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in UFPI. CIBC Asset Management Inc bought a new stake in UFP Industries during the third quarter worth about $236,000. Natixis Advisors LLC boosted its stake in UFP Industries by 4.6% in the third quarter. Natixis Advisors LLC now owns 30,639 shares of the construction company’s stock worth $4,020,000 after buying an additional 1,361 shares in the last quarter. Jennison Associates LLC grew its position in UFP Industries by 7.8% during the third quarter. Jennison Associates LLC now owns 10,054 shares of the construction company’s stock valued at $1,319,000 after acquiring an additional 727 shares during the last quarter. Intech Investment Management LLC purchased a new position in shares of UFP Industries during the third quarter worth approximately $1,404,000. Finally, Massachusetts Financial Services Co. MA raised its stake in shares of UFP Industries by 5.6% during the third quarter. Massachusetts Financial Services Co. MA now owns 9,760 shares of the construction company’s stock worth $1,281,000 after acquiring an additional 521 shares in the last quarter. 81.81% of the stock is owned by institutional investors.

UFP Industries Price Performance

UFPI stock 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. UFP Industries, Inc. has a 1 year low of $102.35 and a 1 year high of $141.33. The firm has a 50-day moving average of $112.19 and a 200 day moving average of $121.26. The company has a market cap of $6.54 billion, a P/E ratio of 15.88 and a beta of 1.52.

UFP Industries (NASDAQ:UFPI) last announced its earnings results on Monday, February 17th. The construction company reported $1.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.24 by ($0.04). UFP Industries had a return on equity of 13.24% and a net margin of 6.23%. The firm had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.43 billion. On average, sell-side analysts forecast that UFP Industries, Inc. will post 7.08 EPS for the current year.

UFP Industries Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date of this dividend was Monday, March 3rd. This is a boost from UFP Industries’s previous quarterly dividend of $0.33. UFP Industries’s payout ratio is 20.68%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on UFPI. Benchmark reaffirmed a “buy” rating and set a $135.00 target price on shares of UFP Industries in a report on Wednesday, February 19th. StockNews.com cut UFP Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, February 19th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $143.00.

About UFP Industries

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.