Bahl & Gaynor Inc. Purchases 576 Shares of UFP Industries, Inc. (NASDAQ:UFPI)

Bahl & Gaynor Inc. raised its holdings in UFP Industries, Inc. (NASDAQ:UFPI) by 1.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 51,185 shares of the construction company’s stock after buying an additional 576 shares during the period. Bahl & Gaynor Inc. owned about 0.08% of UFP Industries worth $6,426,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also added to or reduced their stakes in the business. Contravisory Investment Management Inc. purchased a new position in shares of UFP Industries during the fourth quarter valued at approximately $27,000. GAMMA Investing LLC bought a new position in shares of UFP Industries during the fourth quarter valued at about $30,000. Global Retirement Partners LLC lifted its position in shares of UFP Industries by 46.2% during the fourth quarter. Global Retirement Partners LLC now owns 440 shares of the construction company’s stock valued at $51,000 after purchasing an additional 139 shares in the last quarter. Headlands Technologies LLC purchased a new position in UFP Industries during the third quarter worth about $59,000. Finally, Blue Trust Inc. grew its position in UFP Industries by 25.6% in the 4th quarter. Blue Trust Inc. now owns 594 shares of the construction company’s stock worth $75,000 after purchasing an additional 121 shares in the last quarter. Institutional investors own 81.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on UFPI shares. Benchmark boosted their target price on UFP Industries from $120.00 to $137.00 and gave the stock a “buy” rating in a research note on Wednesday, February 21st. Stifel Nicolaus raised their target price on UFP Industries from $115.00 to $125.00 and gave the company a “buy” rating in a research report on Wednesday, February 21st. StockNews.com downgraded shares of UFP Industries from a “strong-buy” rating to a “buy” rating in a research report on Thursday, April 4th. Finally, Wedbush reissued a “neutral” rating and set a $102.00 price objective on shares of UFP Industries in a report on Thursday, February 22nd. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $114.00.

UFP Industries Price Performance

UFPI traded up $1.09 during trading on Friday, reaching $113.64. 214,899 shares of the company were exchanged, compared to its average volume of 282,233. The company has a quick ratio of 3.12, a current ratio of 4.41 and a debt-to-equity ratio of 0.08. The company has a market cap of $6.99 billion, a price-to-earnings ratio of 14.10 and a beta of 1.49. UFP Industries, Inc. has a 12-month low of $76.08 and a 12-month high of $128.65. The company’s 50-day moving average is $115.76 and its two-hundred day moving average is $113.22.

UFP Industries (NASDAQ:UFPI) last issued its quarterly earnings data on Tuesday, February 20th. The construction company reported $1.62 EPS for the quarter, missing the consensus estimate of $1.68 by ($0.06). UFP Industries had a net margin of 7.12% and a return on equity of 17.86%. The firm had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.61 billion. During the same period in the prior year, the firm posted $2.10 EPS. UFP Industries’s revenue was down 20.3% on a year-over-year basis. Research analysts forecast that UFP Industries, Inc. will post 7.4 earnings per share for the current fiscal year.

UFP Industries Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were issued a $0.33 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $1.32 annualized dividend and a dividend yield of 1.16%. This is a boost from UFP Industries’s previous quarterly dividend of $0.20. UFP Industries’s dividend payout ratio (DPR) is presently 16.38%.

Insider Transactions at UFP Industries

In other UFP Industries news, CEO Matthew J. Missad sold 5,018 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $114.05, for a total value of $572,302.90. Following the completion of the transaction, the chief executive officer now owns 363,328 shares of the company’s stock, valued at approximately $41,437,558.40. The transaction was disclosed in a filing with the SEC, which is available through this link. 2.58% of the stock is owned by insiders.

UFP Industries 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.