Forum Financial Management LP Increases Position in UFP Industries, Inc. (NASDAQ:UFPI)

Forum Financial Management LP increased its stake in shares of UFP Industries, Inc. (NASDAQ:UFPI) by 19.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,857 shares of the construction company’s stock after buying an additional 467 shares during the quarter. Forum Financial Management LP’s holdings in UFP Industries were worth $322,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Smartleaf Asset Management LLC grew its holdings in shares of UFP Industries by 1,683.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 535 shares of the construction company’s stock valued at $60,000 after buying an additional 505 shares during the last quarter. Jones Financial Companies Lllp grew its holdings in shares of UFP Industries by 357.8% during the fourth quarter. Jones Financial Companies Lllp now owns 531 shares of the construction company’s stock valued at $60,000 after buying an additional 415 shares during the last quarter. Kapitalo Investimentos Ltda purchased a new stake in shares of UFP Industries during the fourth quarter valued at $61,000. Principal Securities Inc. grew its holdings in shares of UFP Industries by 39.8% during the fourth quarter. Principal Securities Inc. now owns 615 shares of the construction company’s stock valued at $69,000 after buying an additional 175 shares during the last quarter. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in shares of UFP Industries during the fourth quarter valued at $106,000. 81.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on UFPI. Benchmark reaffirmed a “buy” rating and issued a $135.00 price target on shares of UFP Industries in a report on Wednesday, February 19th. Wall Street Zen lowered shares of UFP Industries from a “buy” rating to a “hold” rating in a report on Wednesday, February 19th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $143.00.

UFP Industries Price Performance

NASDAQ:UFPI opened at $99.66 on Wednesday. UFP Industries, Inc. has a one year low of $95.90 and a one year high of $141.33. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.25 and a current ratio of 4.88. The firm has a market cap of $6.02 billion, a price-to-earnings ratio of 14.72 and a beta of 1.54. The firm’s fifty day moving average is $103.62 and its two-hundred day moving average is $112.94.

UFP Industries (NASDAQ:UFPI) last issued its quarterly earnings data on Monday, April 28th. The construction company reported $1.30 earnings per share for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.27). The firm had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.61 billion. UFP Industries had a return on equity of 13.24% and a net margin of 6.23%. The company’s revenue was down 2.7% on a year-over-year basis. During the same quarter last year, the company posted $1.96 EPS. Research analysts expect that UFP Industries, Inc. will post 7.08 EPS for the current year.

UFP Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be given a $0.35 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.40%. UFP Industries’s dividend payout ratio (DPR) is currently 22.91%.

UFP Industries Company 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.