17,388 Shares in UFP Industries, Inc. (NASDAQ:UFPI) Purchased by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC acquired a new position in UFP Industries, Inc. (NASDAQ:UFPI - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 17,388 shares of the construction company's stock, valued at approximately $1,959,000.

Several other large investors also recently added to or reduced their stakes in UFPI. Smartleaf Asset Management LLC increased its holdings in UFP Industries by 1,683.3% in the 4th 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. Jones Financial Companies Lllp raised its holdings in UFP Industries by 357.8% during the 4th quarter. Jones Financial Companies Lllp now owns 531 shares of the construction company's stock valued at $60,000 after acquiring an additional 415 shares during the period. Kapitalo Investimentos Ltda bought a new stake in UFP Industries during the 4th quarter valued at $61,000. Principal Securities Inc. raised its holdings in UFP Industries by 39.8% during the 4th quarter. Principal Securities Inc. now owns 615 shares of the construction company's stock valued at $69,000 after acquiring an additional 175 shares during the period. Finally, Kohmann Bosshard Financial Services LLC bought a new stake in UFP Industries during the 4th quarter valued at $106,000. Hedge funds and other institutional investors own 81.81% of the company's stock.

UFP Industries Trading Down 1.1%

Shares of UFP Industries stock opened at $97.33 on Monday. UFP Industries, Inc. has a 12-month low of $95.90 and a 12-month high of $141.33. The company has a market cap of $5.92 billion, a price-to-earnings ratio of 14.38 and a beta of 1.54. The company has a current ratio of 4.88, a quick ratio of 3.25 and a debt-to-equity ratio of 0.07. The company's 50-day moving average price is $105.24 and its 200-day moving average price is $115.15.

UFP Industries (NASDAQ:UFPI - Get Free Report) last posted its quarterly earnings data on Monday, April 28th. The construction company reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.57 by ($0.27). UFP Industries had a net margin of 6.23% and a return on equity of 13.24%. The business had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.61 billion. During the same period in the prior year, the business posted $1.96 EPS. UFP Industries's quarterly revenue was down 2.7% on a year-over-year basis. On average, equities analysts expect that UFP Industries, Inc. will post 7.08 earnings per share for the current fiscal year.

UFP Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 1.44%. The ex-dividend date of this dividend is Monday, June 2nd. UFP Industries's payout ratio is 22.91%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on UFPI. StockNews.com cut shares of UFP Industries from a "buy" rating to a "hold" rating in a report on Wednesday, February 19th. Benchmark reissued a "buy" rating and set a $135.00 target price on shares of UFP Industries in a 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 company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $143.00.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.