Zurcher Kantonalbank Zurich Cantonalbank Has $1.65 Million Stock Holdings in UFP Industries, Inc. (NASDAQ:UFPI)

Zurcher Kantonalbank Zurich Cantonalbank decreased its holdings in UFP Industries, Inc. (NASDAQ:UFPI) by 8.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 15,387 shares of the construction company’s stock after selling 1,406 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in UFP Industries were worth $1,647,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of UFPI. GAMMA Investing LLC grew its stake in shares of UFP Industries by 107.5% during the first quarter. GAMMA Investing LLC now owns 1,500 shares of the construction company’s stock worth $161,000 after buying an additional 777 shares during the last quarter. KBC Group NV boosted its holdings in shares of UFP Industries by 15.8% during the 1st quarter. KBC Group NV now owns 2,836 shares of the construction company’s stock valued at $304,000 after acquiring an additional 386 shares in the last quarter. Oppenheimer Asset Management Inc. bought a new stake in UFP Industries during the 1st quarter worth $1,534,000. Park Avenue Securities LLC increased its holdings in UFP Industries by 6.5% in the 1st quarter. Park Avenue Securities LLC now owns 2,221 shares of the construction company’s stock worth $238,000 after purchasing an additional 136 shares in the last quarter. Finally, State of Alaska Department of Revenue raised its position in UFP Industries by 2.7% in the first quarter. State of Alaska Department of Revenue now owns 7,115 shares of the construction company’s stock valued at $761,000 after purchasing an additional 190 shares during the last quarter. Institutional investors and hedge funds own 81.81% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Loop Capital assumed coverage on UFP Industries in a research note on Wednesday, July 23rd. They set a “hold” rating and a $112.00 price target on the stock.

UFP Industries Price Performance

Shares of NASDAQ:UFPI opened at $97.73 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.44 and a current ratio of 4.54. UFP Industries, Inc. has a 52 week low of $93.00 and a 52 week high of $141.33. The firm has a market cap of $5.90 billion, a PE ratio of 16.97 and a beta of 1.43. The firm’s fifty day moving average is $100.49 and its 200-day moving average is $105.32.

UFP Industries (NASDAQ:UFPI) last announced its earnings results on Monday, July 28th. The construction company reported $1.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.95 by ($0.25). UFP Industries had a return on equity of 10.95% and a net margin of 5.31%. The company had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.85 billion. During the same period in the prior year, the business earned $2.05 earnings per share. The firm’s revenue for the quarter was down 3.5% on a year-over-year basis. Sell-side analysts predict that UFP Industries, Inc. will post 7.08 earnings per share for the current year.

UFP Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Monday, September 1st will be issued a $0.35 dividend. The ex-dividend date is Friday, August 29th. This represents a $1.40 annualized dividend and a yield of 1.4%. UFP Industries’s dividend payout ratio is presently 24.31%.

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.