UFP Industries, Inc. (NASDAQ:UFPI) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC decreased its position in shares of UFP Industries, Inc. (NASDAQ:UFPI) by 2.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 22,197 shares of the construction company’s stock after selling 445 shares during the quarter. Yousif Capital Management LLC’s holdings in UFP Industries were worth $2,376,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC boosted its holdings in UFP Industries by 22,107.5% in the 1st quarter. GAMMA Investing LLC now owns 160,560 shares of the construction company’s stock valued at $17,186,000 after purchasing an additional 159,837 shares during the last quarter. CIBC Asset Management Inc raised its position in shares of UFP Industries by 5.4% during the 4th quarter. CIBC Asset Management Inc now owns 1,895 shares of the construction company’s stock valued at $213,000 after buying an additional 97 shares during the period. Gotham Asset Management LLC lifted its holdings in UFP Industries by 28.1% in the fourth quarter. Gotham Asset Management LLC now owns 2,664 shares of the construction company’s stock valued at $300,000 after acquiring an additional 584 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in UFP Industries by 0.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 772,001 shares of the construction company’s stock worth $86,966,000 after acquiring an additional 2,160 shares during the period. Finally, Smartleaf Asset Management LLC increased its stake 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 acquiring an additional 505 shares during the last quarter. Hedge funds and other institutional investors own 81.81% of the company’s stock.

UFP Industries Trading Down 2.0%

UFPI opened at $95.67 on Friday. UFP Industries, Inc. has a 52 week low of $94.68 and a 52 week high of $141.33. The company has a quick ratio of 3.25, a current ratio of 4.88 and a debt-to-equity ratio of 0.07. The business has a fifty day simple moving average of $101.07 and a 200-day simple moving average of $109.75. The firm has a market cap of $5.78 billion, a P/E ratio of 14.13 and a beta of 1.49.

UFP Industries (NASDAQ:UFPI) last released its earnings results on Monday, April 28th. The construction company reported $1.30 earnings per share for the quarter, missing the consensus estimate of $1.57 by ($0.27). The firm had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.61 billion. UFP Industries had a net margin of 6.23% and a return on equity of 13.24%. The business’s revenue was down 2.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.96 earnings per share. On average, equities analysts expect that UFP Industries, Inc. will post 7.08 earnings per share for the current year.

UFP Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 1.46%. The ex-dividend date of this dividend is Monday, June 2nd. UFP Industries’s payout ratio is currently 22.91%.

Analyst Ratings Changes

UFPI has been the topic of several recent analyst reports. Wall Street Zen lowered UFP Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, February 19th. Benchmark reaffirmed a “buy” rating and issued a $135.00 target price on shares of UFP Industries in a research report on Wednesday, February 19th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, UFP Industries presently has an average rating of “Moderate Buy” and a consensus 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.