9,922 Shares in UFP Industries, Inc. $UFPI Purchased by Jacobs Levy Equity Management Inc.

Key Points

• Jacobs Levy Equity Management Inc. acquired 9,922 shares of UFP Industries, valued at approximately $1,062,000, in the first quarter of the year.
• UFP Industries reported $1.70 earnings per share (EPS) for the last quarter, missing analysts' expectations of $1.95 and reflecting a 3.5% year-over-year revenue decline.
• The company announced a quarterly dividend of $0.35 per share, with a dividend yield of 1.4%, to be paid on September 15th to investors of record on September 1st.

Jacobs Levy Equity Management Inc. bought a new position in shares of UFP Industries, Inc. (NASDAQ:UFPI - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 9,922 shares of the construction company's stock, valued at approximately $1,062,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of UFPI. BNP Paribas Financial Markets acquired a new stake in UFP Industries during the fourth quarter worth about $1,710,000. Baird Financial Group Inc. grew its holdings in UFP Industries by 5.3% during the fourth quarter. Baird Financial Group Inc. now owns 4,265 shares of the construction company's stock worth $480,000 after acquiring an additional 216 shares during the period. Cetera Investment Advisers grew its holdings in UFP Industries by 8.6% during the fourth quarter. Cetera Investment Advisers now owns 2,718 shares of the construction company's stock worth $306,000 after acquiring an additional 215 shares during the period. Focus Partners Wealth grew its holdings in UFP Industries by 39.0% during the fourth quarter. Focus Partners Wealth now owns 4,343 shares of the construction company's stock worth $492,000 after acquiring an additional 1,218 shares during the period. Finally, Gotham Asset Management LLC grew its holdings in UFP Industries by 28.1% during the fourth quarter. Gotham Asset Management LLC now owns 2,664 shares of the construction company's stock worth $300,000 after acquiring an additional 584 shares during the period. 81.81% of the stock is owned by institutional investors and hedge funds.

UFP Industries Trading Down 1.2%

NASDAQ:UFPI traded down $1.19 on Wednesday, reaching $97.12. The company's stock had a trading volume of 400,474 shares, compared to its average volume of 304,956. UFP Industries, Inc. has a 12-month low of $93.00 and a 12-month 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 firm has a market cap of $5.69 billion, a price-to-earnings ratio of 16.86 and a beta of 1.47. The stock has a 50 day moving average price of $101.71 and a 200 day moving average price of $102.35.

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

UFP Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Monday, September 1st were given a $0.35 dividend. The ex-dividend date was Friday, August 29th. This represents a $1.40 dividend on an annualized basis and a yield of 1.4%. UFP Industries's payout ratio is currently 24.31%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on UFPI. Loop Capital assumed coverage on UFP Industries in a report on Wednesday, July 23rd. They set a "hold" rating and a $112.00 target price on the stock. Zacks Research lowered UFP Industries from a "hold" rating to a "strong sell" rating in a report on Tuesday, August 19th. Two equities 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 stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $134.00.

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.