Allspring Global Investments Holdings LLC Boosts Stake in UFP Industries, Inc. (NASDAQ:UFPI)

Allspring Global Investments Holdings LLC raised its stake in UFP Industries, Inc. (NASDAQ:UFPI - Free Report) by 14.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,051,613 shares of the construction company's stock after acquiring an additional 132,595 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 1.73% of UFP Industries worth $112,112,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of UFPI. Putney Financial Group LLC bought a new position in UFP Industries in the 4th quarter worth about $30,000. Smartleaf Asset Management LLC grew its holdings in shares of UFP Industries by 1,683.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 535 shares of the construction company's stock worth $60,000 after purchasing an additional 505 shares in the last quarter. Jones Financial Companies Lllp increased its position in shares of UFP Industries by 357.8% in the fourth quarter. Jones Financial Companies Lllp now owns 531 shares of the construction company's stock worth $60,000 after purchasing an additional 415 shares during the last quarter. Kapitalo Investimentos Ltda purchased a new stake in UFP Industries in the fourth quarter valued at approximately $61,000. Finally, UMB Bank n.a. raised its stake in UFP Industries by 182.1% in the first quarter. UMB Bank n.a. now owns 567 shares of the construction company's stock valued at $61,000 after purchasing an additional 366 shares in the last quarter. 81.81% of the stock is owned by institutional investors.

UFP Industries Trading Up 1.0%

UFP Industries stock traded up $1.01 during mid-day trading on Wednesday, hitting $106.48. The company's stock had a trading volume of 624,301 shares, compared to its average volume of 456,907. The business has a 50 day moving average price of $99.42 and a 200-day moving average price of $106.93. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.96 and a quick ratio of 3.44. UFP Industries, Inc. has a 12 month low of $93.00 and a 12 month high of $141.33. The stock has a market cap of $6.43 billion, a price-to-earnings ratio of 17.43 and a beta of 1.47.

UFP Industries (NASDAQ:UFPI - Get Free Report) last posted its quarterly earnings data on Monday, April 28th. The construction company reported $1.30 EPS for the quarter, missing analysts' consensus estimates of $1.57 by ($0.27). The firm had revenue of $1.60 billion for the quarter, compared to analysts' expectations of $1.61 billion. UFP Industries had a net margin of 5.64% and a return on equity of 11.78%. The firm's revenue was down 2.7% compared to the same quarter last year. During the same quarter last year, the company posted $1.96 EPS. As a group, analysts forecast that UFP Industries, Inc. will post 7.08 EPS for the current year.

UFP Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date of this dividend was Monday, June 2nd. UFP Industries's payout ratio is 22.91%.

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.