Teacher Retirement System of Texas Purchases 10,565 Shares of UFP Industries, Inc. $UFPI

Teacher Retirement System of Texas boosted its position in UFP Industries, Inc. (NASDAQ:UFPI) by 15.2% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 80,149 shares of the construction company’s stock after purchasing an additional 10,565 shares during the period. Teacher Retirement System of Texas’ holdings in UFP Industries were worth $7,298,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Geneos Wealth Management Inc. grew its position in shares of UFP Industries by 54.8% during the 2nd quarter. Geneos Wealth Management Inc. now owns 322 shares of the construction company’s stock valued at $32,000 after acquiring an additional 114 shares during the period. Signaturefd LLC grew its position in shares of UFP Industries by 66.1% during the 4th quarter. Signaturefd LLC now owns 387 shares of the construction company’s stock valued at $35,000 after acquiring an additional 154 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in shares of UFP Industries by 648.3% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 434 shares of the construction company’s stock valued at $41,000 after acquiring an additional 376 shares during the period. Eagle Bay Advisors LLC bought a new position in shares of UFP Industries during the 4th quarter valued at approximately $43,000. Finally, Winnow Wealth LLC bought a new position in shares of UFP Industries during the 3rd quarter valued at approximately $51,000. 81.81% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. DA Davidson reduced their target price on shares of UFP Industries from $112.00 to $110.00 and set a “buy” rating for the company in a research report on Tuesday, March 10th. Zacks Research downgraded shares of UFP Industries from a “hold” rating to a “strong sell” rating in a research report on Tuesday, March 17th. BMO Capital Markets reissued a “market perform” rating and set a $108.00 target price (down from $112.00) on shares of UFP Industries in a research report on Monday, April 20th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of UFP Industries in a research report on Tuesday, January 27th. One analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $107.00.

UFP Industries Price Performance

UFPI opened at $94.90 on Monday. The company has a 50 day moving average of $96.10 and a 200 day moving average of $96.24. The company has a market cap of $5.39 billion, a PE ratio of 19.02 and a beta of 1.44. UFP Industries, Inc. has a 12 month low of $84.82 and a 12 month high of $118.00. The company has a current ratio of 4.59, a quick ratio of 3.13 and a debt-to-equity ratio of 0.07.

UFP Industries (NASDAQ:UFPI) last released its quarterly earnings data on Monday, February 23rd. The construction company reported $0.70 EPS for the quarter, missing the consensus estimate of $1.03 by ($0.33). The business had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.40 billion. UFP Industries had a return on equity of 9.27% and a net margin of 4.66%.The firm’s quarterly revenue was down 9.0% on a year-over-year basis. During the same period last year, the business posted $1.12 earnings per share. On average, sell-side analysts expect that UFP Industries, Inc. will post 5.19 EPS for the current year.

UFP Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be issued a $0.36 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a $1.44 annualized dividend and a yield of 1.5%. UFP Industries’s dividend payout ratio (DPR) is 28.86%.

UFP Industries Profile

UFP Industries, Inc, founded in 1955 and headquartered in Grand Rapids, Michigan, designs, manufactures, and distributes a broad range of wood and wood-alternative products. The company operates through two primary segments: UFP Retail Solutions, which supplies building materials and components to home improvement retailers and lumber dealers, and UFP Distribution Solutions, which offers packaging, pallets, skids, and other industrial products for a variety of end markets. Its product portfolio includes treated and untreated lumber, engineered wood, decking, railing, fencing, vinyl sheets and profiles, and custom-designed packaging solutions.

With manufacturing facilities and distribution centers across the United States, Canada, Mexico and Europe, UFP Industries serves professional contractors, industrial customers, and do-it-yourself consumers.