Strs Ohio Takes Position in UFP Industries, Inc. $UFPI

Key Points

• Strs Ohio acquired 15,000 shares of UFP Industries, valued at approximately $1.6 million, indicating growing institutional interest in the company.
• UFP Industries announced a quarterly dividend of $0.35 per share, with a yield of 1.4%, reflecting a dividend payout ratio of 24.31%.
• Despite recent positive interest, analysts have mixed outlooks on the stock, with ratings ranging from "strong sell" to "buy", and an average price target of $134.00.

Strs Ohio purchased a new position in UFP Industries, Inc. (NASDAQ:UFPI - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 15,000 shares of the construction company's stock, valued at approximately $1,606,000.

Other large investors have also modified their holdings of the company. State of Wyoming increased its position in UFP Industries by 8.4% during the first quarter. State of Wyoming now owns 1,294 shares of the construction company's stock worth $139,000 after purchasing an additional 100 shares during the last quarter. Great Lakes Advisors LLC increased its position in UFP Industries by 0.5% during the 1st quarter. Great Lakes Advisors LLC now owns 21,105 shares of the construction company's stock worth $2,259,000 after purchasing an additional 105 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its stake in UFP Industries by 39.9% during the first quarter. Caitong International Asset Management Co. Ltd now owns 417 shares of the construction company's stock worth $45,000 after buying an additional 119 shares during the period. Park Avenue Securities LLC grew its stake in UFP Industries by 6.5% during 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, Nations Financial Group Inc. IA ADV grew its stake in UFP Industries by 2.1% during the first quarter. Nations Financial Group Inc. IA ADV now owns 6,950 shares of the construction company's stock worth $744,000 after buying an additional 141 shares during the period. 81.81% of the stock is currently owned by hedge funds and other institutional investors.

UFP Industries Stock Performance

NASDAQ:UFPI traded down $2.88 during mid-day trading on Friday, reaching $95.32. 1,485,851 shares of the company's stock were exchanged, compared to its average volume of 309,430. The firm has a market capitalization of $5.58 billion, a PE ratio of 16.55 and a beta of 1.47. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.16 and a current ratio of 4.54. The business's fifty day simple moving average is $101.27 and its two-hundred day simple moving average is $102.24. UFP Industries, Inc. has a one year low of $93.00 and a one year high of $141.33.

UFP Industries (NASDAQ:UFPI - Get Free Report) last announced its quarterly earnings data on Monday, July 28th. The construction company reported $1.70 EPS for the quarter, missing the consensus estimate of $1.95 by ($0.25). The firm had revenue of $1.84 billion for 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 firm's revenue for the quarter was down 3.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.05 earnings per share. Analysts anticipate that UFP Industries, Inc. will post 7.08 earnings per share for the current fiscal year.

UFP Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Monday, September 1st were paid a dividend of $0.35 per share. The ex-dividend date was Friday, August 29th. This represents a $1.40 annualized dividend and a yield of 1.5%. UFP Industries's dividend payout ratio (DPR) is 24.31%.

Analyst Ratings Changes

UFPI has been the subject of a number of recent research reports. Loop Capital assumed coverage on UFP Industries in a research note on Wednesday, July 23rd. They issued a "hold" rating and a $112.00 target price for the company. Zacks Research downgraded shares of UFP Industries from a "hold" rating to a "strong sell" rating in a research report on Tuesday, August 19th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, UFP Industries has a consensus rating of "Hold" and a consensus price target of $134.00.

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.