Alps Advisors Inc. Grows Stake in UFP Industries, Inc. (NASDAQ:UFPI)

Alps Advisors Inc. lifted its holdings in shares of UFP Industries, Inc. (NASDAQ:UFPI - Free Report) by 7.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 56,564 shares of the construction company's stock after acquiring an additional 4,087 shares during the period. Alps Advisors Inc. owned approximately 0.09% of UFP Industries worth $6,055,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. FMR LLC increased its position in shares of UFP Industries by 7.1% during the fourth quarter. FMR LLC now owns 1,751,264 shares of the construction company's stock worth $197,280,000 after acquiring an additional 115,687 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its position in shares of UFP Industries by 39.1% during 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 acquiring an additional 435,155 shares in the last quarter. Franklin Resources Inc. increased its position in shares of UFP Industries by 5.0% during the fourth quarter. Franklin Resources Inc. now owns 1,287,833 shares of the construction company's stock worth $145,074,000 after acquiring an additional 61,861 shares in the last quarter. Northern Trust Corp increased its position in shares of UFP Industries by 9.7% during the fourth quarter. Northern Trust Corp now owns 1,111,147 shares of the construction company's stock worth $125,171,000 after acquiring an additional 98,533 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its position in shares of UFP Industries by 14.4% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,051,613 shares of the construction company's stock worth $112,112,000 after acquiring an additional 132,595 shares in the last quarter. 81.81% of the stock is owned by institutional investors.

UFP Industries Stock Down 2.0%

Shares of NASDAQ:UFPI traded down $2.11 during midday trading on Monday, hitting $104.79. 265,509 shares of the company's stock were exchanged, compared to its average volume of 454,888. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.96 and a quick ratio of 3.44. The stock has a 50 day moving average price of $99.80 and a 200-day moving average price of $106.31. The company has a market cap of $6.33 billion, a PE ratio of 17.15 and a beta of 1.47. UFP Industries, Inc. has a 12 month low of $93.00 and a 12 month high of $141.33.

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

UFP Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 1.34%. The ex-dividend date of this dividend was Monday, June 2nd. UFP Industries's dividend payout ratio (DPR) is presently 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.