Jefferies Financial Group Inc. Takes $1.05 Million 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. purchased a new position in UFP Industries, Inc. (NASDAQ:UFPI - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 9,819 shares of the construction company's stock, valued at approximately $1,051,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. T. Rowe Price Investment Management Inc. raised its holdings in UFP Industries by 39.1% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,546,745 shares of the construction company's stock worth $174,241,000 after purchasing an additional 435,155 shares in the last quarter. Raymond James Financial Inc. bought a new stake in UFP Industries in the fourth quarter worth $30,457,000. First Trust Advisors LP grew its stake in shares of UFP Industries by 39.3% in the fourth quarter. First Trust Advisors LP now owns 791,886 shares of the construction company's stock worth $89,206,000 after acquiring an additional 223,522 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of UFP Industries by 22,107.5% during the first quarter. GAMMA Investing LLC now owns 160,560 shares of the construction company's stock valued at $17,186,000 after acquiring an additional 159,837 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its position in shares of UFP Industries by 14.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,051,613 shares of the construction company's stock worth $112,112,000 after purchasing an additional 132,595 shares during the last quarter. Hedge funds and other institutional investors own 81.81% of the company's stock.

UFP Industries Stock Performance

Shares of UFP Industries stock traded down $0.37 during trading on Wednesday, hitting $99.23. 327,637 shares of the company's stock traded hands, compared to its average volume of 443,028. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.54 and a quick ratio of 3.16. UFP Industries, Inc. has a 1 year low of $93.00 and a 1 year high of $141.33. The stock has a market capitalization of $5.99 billion, a P/E ratio of 17.23 and a beta of 1.43. The business has a 50-day simple moving average of $100.53 and a 200-day simple moving average of $105.07.

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

UFP Industries Dividend Announcement

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

Analyst Ratings Changes

Separately, Loop Capital began coverage on shares of UFP Industries in a research note on Wednesday, July 23rd. They issued a "hold" rating and a $112.00 target price on the stock.

UFP Industries Company 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.