15,000 Shares in UFP Industries, Inc. $UFPI Acquired by Strs Ohio

Strs Ohio purchased a new stake in shares of UFP Industries, Inc. (NASDAQ:UFPI) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 15,000 shares of the construction company’s stock, valued at approximately $1,606,000.

Other institutional investors have also recently bought and sold shares of the company. Putney Financial Group LLC acquired a new stake in shares of UFP Industries during the fourth quarter worth approximately $30,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in UFP Industries in the first quarter worth approximately $36,000. Caitong International Asset Management Co. Ltd raised its holdings in shares of UFP Industries by 39.9% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 417 shares of the construction company’s stock valued at $45,000 after purchasing an additional 119 shares in the last quarter. UMB Bank n.a. lifted its stake in shares of UFP Industries by 182.1% in the first quarter. UMB Bank n.a. now owns 567 shares of the construction company’s stock worth $61,000 after buying an additional 366 shares during the last quarter. Finally, Signaturefd LLC boosted its holdings in UFP Industries by 222.5% during the first 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 period. 81.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on UFPI shares. Loop Capital initiated coverage on shares of UFP Industries in a report on Wednesday, July 23rd. They set a “hold” rating and a $112.00 price objective for the company. Zacks Research cut UFP Industries from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 19th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $134.00.

UFP Industries Stock Down 1.0%

Shares of UFP Industries stock opened at $98.31 on Wednesday. The firm has a market cap of $5.76 billion, a PE ratio of 17.07 and a beta of 1.47. The business’s 50 day simple moving average is $101.90 and its 200 day simple moving average is $102.39. 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 52-week low of $93.00 and a 52-week high of $141.33.

UFP Industries (NASDAQ:UFPI) last posted its quarterly earnings data 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%. UFP Industries’s revenue for the quarter was down 3.5% on a year-over-year basis. During the same quarter last year, the business earned $2.05 earnings per share. On average, analysts predict that UFP Industries, Inc. will post 7.08 earnings per share for the current fiscal year.

UFP Industries Announces Dividend

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