GSA Capital Partners LLP Takes Position in UFP Industries, Inc. (NASDAQ:UFPI)

GSA Capital Partners LLP acquired a new stake in shares of UFP Industries, Inc. (NASDAQ:UFPI) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 5,634 shares of the construction company’s stock, valued at approximately $603,000.

Other hedge funds have also made changes to their positions in the company. Putney Financial Group LLC acquired a new position in shares of UFP Industries during the 4th quarter valued at about $30,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of UFP Industries during the 1st quarter valued at about $36,000. Kapitalo Investimentos Ltda acquired a new position in shares of UFP Industries during the 4th quarter valued at about $61,000. UMB Bank n.a. increased its holdings in shares of UFP Industries by 182.1% during the 1st quarter. UMB Bank n.a. now owns 567 shares of the construction company’s stock valued at $61,000 after acquiring an additional 366 shares during the last quarter. Finally, Signaturefd LLC increased its holdings in shares of UFP Industries by 222.5% during the 1st quarter. Signaturefd LLC now owns 816 shares of the construction company’s stock valued at $87,000 after acquiring an additional 563 shares during the last quarter. Institutional investors and hedge funds own 81.81% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Loop Capital started coverage on UFP Industries in a report on Wednesday, July 23rd. They set a “hold” rating and a $112.00 price objective on the stock.

UFP Industries Stock Performance

UFPI opened at $97.73 on Monday. The firm has a market capitalization of $5.90 billion, a P/E ratio of 16.97 and a beta of 1.43. The stock’s 50 day moving average price is $100.49 and its two-hundred day moving average price is $105.24. The company has a quick ratio of 3.16, a current ratio of 4.54 and a debt-to-equity ratio of 0.07. UFP Industries, Inc. has a 12-month low of $93.00 and a 12-month high of $141.33.

UFP Industries (NASDAQ:UFPI) last released its earnings results on Monday, July 28th. The construction company reported $1.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.95 by ($0.25). The business had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.85 billion. UFP Industries had a net margin of 5.31% and a return on equity of 10.95%. The business’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same period last year, the business earned $2.05 EPS. On average, equities analysts forecast 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, September 15th. Shareholders of record on Monday, September 1st will be issued a $0.35 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $1.40 dividend on an annualized basis and a yield of 1.4%. UFP Industries’s dividend payout ratio (DPR) is 24.31%.

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.