Thrivent Financial for Lutherans Buys 546,830 Shares of UFP Industries, Inc. (NASDAQ:UFPI)

Thrivent Financial for Lutherans increased its stake in shares of UFP Industries, Inc. (NASDAQ:UFPI) by 3,820.8% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 561,142 shares of the construction company’s stock after acquiring an additional 546,830 shares during the period. Thrivent Financial for Lutherans owned about 0.92% of UFP Industries worth $63,212,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Jones Financial Companies Lllp raised its holdings in UFP Industries by 357.8% during the fourth quarter. Jones Financial Companies Lllp now owns 531 shares of the construction company’s stock worth $60,000 after acquiring an additional 415 shares in the last quarter. Smartleaf Asset Management LLC increased its position in UFP Industries by 1,683.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 535 shares of the construction company’s stock worth $60,000 after buying an additional 505 shares during the last quarter. Principal Securities Inc. increased its position in UFP Industries by 39.8% during the fourth quarter. Principal Securities Inc. now owns 615 shares of the construction company’s stock worth $69,000 after buying an additional 175 shares during the last quarter. Kohmann Bosshard Financial Services LLC acquired a new position in UFP Industries during the fourth quarter worth approximately $106,000. Finally, Millburn Ridgefield Corp acquired a new position in UFP Industries during the third quarter worth approximately $140,000. Institutional investors own 81.81% of the company’s stock.

UFP Industries Price Performance

Shares of NASDAQ UFPI opened at $108.09 on Thursday. The firm has a market cap of $6.57 billion, a P/E ratio of 15.97 and a beta of 1.52. The company has a current ratio of 4.88, a quick ratio of 3.25 and a debt-to-equity ratio of 0.07. UFP Industries, Inc. has a 1-year low of $102.35 and a 1-year high of $141.33. The business’s 50 day moving average is $112.26 and its 200-day moving average is $121.42.

UFP Industries (NASDAQ:UFPI) last announced its earnings results on Monday, February 17th. The construction company reported $1.20 earnings per share 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%. Equities research 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 announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.35 per share. The ex-dividend date was Monday, March 3rd. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.30%. This is a positive change from UFP Industries’s previous quarterly dividend of $0.33. UFP Industries’s dividend payout ratio (DPR) is 20.68%.

Analyst Upgrades and Downgrades

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