Jones Financial Companies Lllp Has $60,000 Stock Holdings in UFP Industries, Inc. (NASDAQ:UFPI)

Jones Financial Companies Lllp grew its holdings in UFP Industries, Inc. (NASDAQ:UFPI) by 357.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 531 shares of the construction company’s stock after buying an additional 415 shares during the quarter. Jones Financial Companies Lllp’s holdings in UFP Industries were worth $60,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the business. Kohmann Bosshard Financial Services LLC acquired a new position in shares of UFP Industries in the 4th quarter valued at $106,000. Smartleaf Asset Management LLC increased its position in shares of UFP Industries by 1,683.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 535 shares of the construction company’s stock worth $60,000 after purchasing an additional 505 shares in the last quarter. Fisher Asset Management LLC increased its position in shares of UFP Industries by 21.8% during the 4th quarter. Fisher Asset Management LLC now owns 345,768 shares of the construction company’s stock worth $38,951,000 after purchasing an additional 61,962 shares in the last quarter. Mutual of America Capital Management LLC increased its position in shares of UFP Industries by 0.3% during the 4th quarter. Mutual of America Capital Management LLC now owns 159,908 shares of the construction company’s stock worth $18,014,000 after purchasing an additional 465 shares in the last quarter. Finally, QRG Capital Management Inc. increased its position in shares of UFP Industries by 1.3% during the 4th quarter. QRG Capital Management Inc. now owns 38,361 shares of the construction company’s stock worth $4,321,000 after purchasing an additional 496 shares in the last quarter. Institutional investors and hedge funds own 81.81% of the company’s stock.

UFP Industries Trading Up 0.6 %

UFPI opened at $107.23 on Tuesday. The company has a current ratio of 4.88, a quick ratio of 3.25 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $6.50 billion, a PE ratio of 15.84 and a beta of 1.52. 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 price of $112.33 and a two-hundred day moving average price of $121.62.

UFP Industries (NASDAQ:UFPI) last posted its quarterly earnings data on Monday, February 17th. The construction company reported $1.20 earnings per share for the quarter, missing the consensus estimate of $1.24 by ($0.04). The company had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.43 billion. UFP Industries had a net margin of 6.23% and a return on equity of 13.24%. As a group, equities analysts anticipate that UFP Industries, Inc. will post 7.08 earnings per share for the current fiscal year.

UFP Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 1.31%. 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 dividend payout ratio (DPR) is presently 20.68%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on UFPI shares. StockNews.com cut shares of UFP Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, February 19th. Benchmark reiterated a “buy” rating and set a $135.00 target price on shares of UFP Industries in a research report on Wednesday, February 19th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $143.00.

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.