UFP Industries, Inc. (NASDAQ:UFPI) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. cut its stake in UFP Industries, Inc. (NASDAQ:UFPI) by 0.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 770,261 shares of the construction company’s stock after selling 1,740 shares during the period. Charles Schwab Investment Management Inc. owned 1.27% of UFP Industries worth $82,449,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its position in UFP Industries by 107.5% in 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 period. KBC Group NV increased its position in UFP Industries by 15.8% in the first quarter. KBC Group NV now owns 2,836 shares of the construction company’s stock worth $304,000 after buying an additional 386 shares during the period. Oppenheimer Asset Management Inc. acquired a new stake in UFP Industries in the first quarter worth $1,534,000. Park Avenue Securities LLC increased its position in UFP Industries by 6.5% in the first quarter. Park Avenue Securities LLC now owns 2,221 shares of the construction company’s stock worth $238,000 after buying an additional 136 shares during the period. Finally, State of Alaska Department of Revenue increased 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 worth $761,000 after buying an additional 190 shares during the period. 81.81% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

UFP Industries Price Performance

Shares of UFPI opened at $106.28 on Thursday. The firm has a market capitalization of $6.22 billion, a price-to-earnings ratio of 18.45 and a beta of 1.43. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.16 and a current ratio of 4.54. UFP Industries, Inc. has a one year low of $93.00 and a one year high of $141.33. The stock’s fifty day moving average is $100.94 and its 200-day moving average is $104.46.

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

UFP Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Monday, September 1st will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $1.40 annualized dividend and a yield of 1.3%. UFP Industries’s dividend payout ratio (DPR) is currently 24.31%.

About UFP Industries

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.