AE Wealth Management LLC Buys Shares of 2,853 UFP Industries, Inc. (NASDAQ:UFPI)

AE Wealth Management LLC acquired a new position in shares of UFP Industries, Inc. (NASDAQ:UFPI - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 2,853 shares of the construction company's stock, valued at approximately $305,000.

Other hedge funds also recently made changes to their positions in the company. Putney Financial Group LLC bought a new position in shares of UFP Industries in the fourth quarter valued at about $30,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in UFP Industries in the 1st quarter valued at about $36,000. Kapitalo Investimentos Ltda bought a new position in UFP Industries in the 4th quarter valued at about $61,000. UMB Bank n.a. lifted its position in UFP Industries by 182.1% during the first quarter. UMB Bank n.a. now owns 567 shares of the construction company's stock worth $61,000 after acquiring an additional 366 shares during the last quarter. Finally, Signaturefd LLC lifted its position in UFP Industries by 222.5% during the first quarter. Signaturefd LLC now owns 816 shares of the construction company's stock worth $87,000 after acquiring an additional 563 shares during the last quarter. 81.81% of the stock is owned by institutional investors and hedge funds.

UFP Industries Trading Down 0.3%

UFPI stock traded down $0.27 during trading on Friday, hitting $97.73. The company had a trading volume of 371,757 shares, compared to its average volume of 359,834. The stock has a market cap of $5.90 billion, a PE ratio of 16.97 and a beta of 1.43. The business has a 50-day moving average of $100.49 and a 200-day moving average of $105.32. The company has a current ratio of 4.54, a quick ratio of 3.44 and a debt-to-equity ratio of 0.07. 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 posted its quarterly earnings data on Monday, July 28th. The construction company reported $1.70 earnings per share 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 business had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.85 billion. During the same period last year, the business posted $2.05 earnings per share. The business's revenue was down 3.5% on a year-over-year basis. Research analysts predict that UFP Industries, Inc. will post 7.08 earnings per share for the current fiscal year.

UFP Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Monday, September 1st will be issued a $0.35 dividend. The ex-dividend date is Friday, August 29th. This represents a $1.40 annualized dividend and a dividend yield of 1.4%. UFP Industries's dividend payout ratio is currently 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 price target on the stock.

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.