Sei Investments Co. Has $9.91 Million Stock Holdings in UFP Industries, Inc. (NASDAQ:UFPI)

Sei Investments Co. grew its stake in shares of UFP Industries, Inc. (NASDAQ:UFPI) by 4.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 87,984 shares of the construction company’s stock after purchasing an additional 4,034 shares during the quarter. Sei Investments Co.’s holdings in UFP Industries were worth $9,912,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. FMR LLC grew its stake in shares of UFP Industries by 13.4% in the third quarter. FMR LLC now owns 1,635,577 shares of the construction company’s stock valued at $214,604,000 after buying an additional 193,891 shares in the last quarter. Geode Capital Management LLC grew its position in shares of UFP Industries by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 1,528,221 shares of the construction company’s stock valued at $200,553,000 after acquiring an additional 14,857 shares during the period. Franklin Resources Inc. increased its stake in shares of UFP Industries by 18.2% during the 3rd quarter. Franklin Resources Inc. now owns 1,225,972 shares of the construction company’s stock worth $169,675,000 after purchasing an additional 188,969 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of UFP Industries by 3.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 919,018 shares of the construction company’s stock valued at $102,158,000 after purchasing an additional 31,381 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in UFP Industries by 0.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 772,001 shares of the construction company’s stock valued at $86,966,000 after purchasing an additional 2,160 shares during the last quarter. Institutional investors own 81.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on UFPI. StockNews.com downgraded UFP Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, February 19th. Benchmark reissued a “buy” rating and set a $135.00 target price on shares of UFP Industries in a 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 data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $143.00.

UFP Industries Stock Performance

Shares of UFPI stock opened at $106.31 on Friday. The company has a market capitalization of $6.47 billion, a price-to-earnings ratio of 15.70 and a beta of 1.52. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.25 and a current ratio of 4.88. UFP Industries, Inc. has a 52 week low of $102.35 and a 52 week high of $141.33. The company has a 50-day simple moving average of $111.57 and a 200 day simple moving average of $121.12.

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

UFP Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a dividend of $0.35 per share. This is a boost from UFP Industries’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.40 annualized dividend and a yield of 1.32%. UFP Industries’s dividend payout ratio (DPR) is presently 20.68%.

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.