Scientech Research LLC Takes $586,000 Position in UFP Industries, Inc. $UFPI

Key Points

• Scientech Research LLC has acquired a new position in UFP Industries, Inc. (NASDAQ: UFPI) by purchasing 5,473 shares valued at approximately $586,000 in the first quarter.
• UFP Industries reported a quarterly loss with earnings of $1.70 per share, falling short of analysts' expectations, along with a 3.5% decline in revenue compared to the previous year.
• The company recently declared a quarterly dividend of $0.35 per share, with an annualized yield of 1.4% and a payout ratio of 24.31%.

Scientech Research LLC bought a new stake in shares of UFP Industries, Inc. (NASDAQ:UFPI - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 5,473 shares of the construction company's stock, valued at approximately $586,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. State of Wyoming raised its stake in UFP Industries by 8.4% during the 1st quarter. State of Wyoming now owns 1,294 shares of the construction company's stock valued at $139,000 after acquiring an additional 100 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its stake in 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 acquiring an additional 119 shares in the last quarter. Park Avenue Securities LLC raised its stake in UFP Industries by 6.5% during the 1st quarter. Park Avenue Securities LLC now owns 2,221 shares of the construction company's stock valued at $238,000 after acquiring an additional 136 shares in the last quarter. Nations Financial Group Inc. IA ADV raised its stake in UFP Industries by 2.1% during the 1st quarter. Nations Financial Group Inc. IA ADV now owns 6,950 shares of the construction company's stock valued at $744,000 after acquiring an additional 141 shares in the last quarter. Finally, Bridge City Capital LLC raised its stake in UFP Industries by 0.3% during the 1st quarter. Bridge City Capital LLC now owns 56,123 shares of the construction company's stock valued at $6,007,000 after acquiring an additional 145 shares in the last quarter. Institutional investors own 81.81% of the company's stock.

UFP Industries Price Performance

Shares of NASDAQ UFPI traded down $3.72 during mid-day trading on Friday, reaching $98.68. The company had a trading volume of 231,609 shares, compared to its average volume of 305,555. The company has a current ratio of 4.54, a quick ratio of 3.16 and a debt-to-equity ratio of 0.07. The stock has a market cap of $5.78 billion, a PE ratio of 17.13 and a beta of 1.47. The company has a 50-day moving average price of $102.09 and a two-hundred day moving average price of $102.54. UFP Industries, Inc. has a 1-year low of $93.00 and a 1-year high of $141.33.

UFP Industries (NASDAQ:UFPI - Get Free Report) last issued 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 company had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.85 billion. UFP Industries had a return on equity of 10.95% and a net margin of 5.31%.The business's revenue was down 3.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.05 earnings per share. On average, equities analysts anticipate that UFP Industries, Inc. will post 7.08 earnings per share for the current year.

UFP Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Monday, September 1st will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Friday, August 29th. UFP Industries's payout ratio is presently 24.31%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Loop Capital assumed coverage on UFP Industries in a research report on Wednesday, July 23rd. They set a "hold" rating and a $112.00 price target on the stock. Zacks Research cut UFP Industries from a "hold" rating to a "strong sell" rating in a research report on Tuesday, August 19th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average 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.