Jefferies Financial Group Inc. Takes Position in UFP Industries, Inc. (NASDAQ:UFPI)

Key Points

• Jefferies Financial Group Inc. acquired approximately 9,819 shares of UFP Industries, Inc., valued at around $1,051,000, during the first quarter of the year.
• The company's stock recently increased by 1.1%, trading at $99.60, with a market capitalization of $6.02 billion.
• UFP Industries announced a quarterly dividend of $0.35, with the ex-dividend date set for August 29, representing an annualized yield of 1.4%.

Jefferies Financial Group Inc. 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 Securities and Exchange Commission. The firm bought 9,819 shares of the construction company's stock, valued at approximately $1,051,000.

Other hedge funds have also modified their holdings of the company. Park Avenue Securities LLC raised its stake in shares of 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 purchasing an additional 136 shares during the last quarter. Bridge City Capital LLC increased its holdings in UFP Industries by 0.3% in the 1st quarter. Bridge City Capital LLC now owns 56,123 shares of the construction company's stock worth $6,007,000 after buying an additional 145 shares during the period. M&T Bank Corp raised its position in UFP Industries by 5.1% during the 1st quarter. M&T Bank Corp now owns 3,189 shares of the construction company's stock worth $342,000 after buying an additional 156 shares during the last quarter. Vista Finance LLC lifted its stake in UFP Industries by 7.9% during the 1st quarter. Vista Finance LLC now owns 2,567 shares of the construction company's stock valued at $275,000 after acquiring an additional 189 shares during the period. Finally, State of Alaska Department of Revenue boosted its holdings in shares of UFP Industries by 2.7% in the 1st quarter. State of Alaska Department of Revenue now owns 7,115 shares of the construction company's stock valued at $761,000 after acquiring an additional 190 shares during the last quarter. 81.81% of the stock is owned by hedge funds and other institutional investors.

UFP Industries Price Performance

Shares of NASDAQ:UFPI traded down $0.61 during trading on Friday, reaching $98.98. 121,514 shares of the company's stock traded hands, compared to its average volume of 439,739. The firm has a market cap of $5.98 billion, a PE ratio of 17.20 and a beta of 1.43. UFP Industries, Inc. has a fifty-two week low of $93.00 and a fifty-two week high of $141.33. The company has a quick ratio of 3.16, a current ratio of 4.54 and a debt-to-equity ratio of 0.07. The company has a 50-day simple moving average of $100.60 and a 200-day simple moving average of $104.91.

UFP Industries (NASDAQ:UFPI - Get Free Report) last issued its quarterly earnings results on Monday, July 28th. The construction company reported $1.70 EPS for the quarter, missing the consensus estimate of $1.95 by ($0.25). UFP Industries had a return on equity of 10.95% and a net margin of 5.31%. The firm had revenue of $1.84 billion for the quarter, compared to analysts' expectations of $1.85 billion. During the same quarter in the previous year, the firm posted $2.05 earnings per share. The firm's revenue for the quarter was down 3.5% compared to the same quarter last year. As a group, analysts predict that UFP Industries, Inc. will post 7.08 earnings per share for the current year.

UFP Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Monday, September 1st will be given a dividend of $0.35 per share. The ex-dividend date is Friday, August 29th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.4%. UFP Industries's dividend payout ratio (DPR) is currently 24.31%.

Analyst Ratings Changes

Separately, Loop Capital assumed coverage on shares of UFP Industries in a research report on Wednesday, July 23rd. They set a "hold" rating and a $112.00 target price for the company.

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.