California State Teachers Retirement System Sells 1,974 Shares of UFP Industries, Inc. (NASDAQ:UFPI)

California State Teachers Retirement System lessened its holdings in UFP Industries, Inc. (NASDAQ:UFPI) by 3.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 56,945 shares of the construction company’s stock after selling 1,974 shares during the quarter. California State Teachers Retirement System’s holdings in UFP Industries were worth $6,415,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. CIBC Asset Management Inc boosted its position in shares of UFP Industries by 5.4% in the fourth quarter. CIBC Asset Management Inc now owns 1,895 shares of the construction company’s stock valued at $213,000 after acquiring an additional 97 shares during the period. Robertson Stephens Wealth Management LLC boosted its position in shares of UFP Industries by 5.7% in the fourth quarter. Robertson Stephens Wealth Management LLC now owns 1,914 shares of the construction company’s stock valued at $216,000 after acquiring an additional 104 shares during the period. Envestnet Portfolio Solutions Inc. boosted its position in shares of UFP Industries by 2.4% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 4,382 shares of the construction company’s stock valued at $494,000 after acquiring an additional 104 shares during the period. Mitsubishi UFJ Trust & Banking Corp boosted its position in shares of UFP Industries by 6.2% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,796 shares of the construction company’s stock valued at $202,000 after acquiring an additional 105 shares during the period. Finally, Avantax Advisory Services Inc. boosted its position in shares of UFP Industries by 4.7% in the fourth quarter. Avantax Advisory Services Inc. now owns 3,286 shares of the construction company’s stock valued at $370,000 after acquiring an additional 147 shares during the period. Institutional investors own 81.81% of the company’s stock.

UFP Industries Trading Down 0.7%

UFPI opened at $97.57 on Monday. UFP Industries, Inc. has a twelve month low of $95.90 and a twelve month high of $141.33. The company has a 50-day simple moving average of $102.90 and a 200 day simple moving average of $112.04. The company has a quick ratio of 3.25, a current ratio of 4.88 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $5.89 billion, a price-to-earnings ratio of 14.41 and a beta of 1.54.

UFP Industries (NASDAQ:UFPI) last posted its quarterly earnings data on Monday, April 28th. The construction company reported $1.30 earnings per share for the quarter, missing the consensus estimate of $1.57 by ($0.27). UFP Industries had a return on equity of 13.24% and a net margin of 6.23%. The firm had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.61 billion. During the same period in the prior year, the company earned $1.96 EPS. The company’s revenue for the quarter was down 2.7% compared to the same quarter last year. Analysts predict that UFP Industries, Inc. will post 7.08 EPS for the current fiscal year.

UFP Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 1.43%. The ex-dividend date of this dividend is Monday, June 2nd. UFP Industries’s payout ratio is 22.91%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Benchmark reissued a “buy” rating and issued a $135.00 target price on shares of UFP Industries in a research report on Wednesday, February 19th. Wall Street Zen cut shares of UFP Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, February 19th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, UFP Industries currently has an average rating of “Moderate Buy” and a consensus price target of $143.00.

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.