Alps Advisors Inc. Buys 4,087 Shares of UFP Industries, Inc. (NASDAQ:UFPI)

Alps Advisors Inc. boosted its stake in shares of UFP Industries, Inc. (NASDAQ:UFPI - Free Report) by 7.8% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 56,564 shares of the construction company's stock after purchasing an additional 4,087 shares during the period. Alps Advisors Inc. owned about 0.09% of UFP Industries worth $6,055,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Jones Financial Companies Lllp raised its stake 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 buying an additional 415 shares during the period. Proficio Capital Partners LLC bought a new stake in UFP Industries during the 4th quarter worth approximately $4,302,000. Raymond James Financial Inc. purchased a new position in UFP Industries during the fourth quarter valued at approximately $30,457,000. PNC Financial Services Group Inc. boosted its position in shares of UFP Industries by 31.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 6,227 shares of the construction company's stock worth $701,000 after purchasing an additional 1,480 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of UFP Industries by 23.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,793 shares of the construction company's stock worth $1,892,000 after purchasing an additional 3,151 shares in the last quarter. 81.81% of the stock is currently owned by hedge funds and other institutional investors.

UFP Industries Price Performance

Shares of UFPI stock traded down $1.59 on Friday, hitting $106.90. 681,441 shares of the stock traded hands, compared to its average volume of 370,065. 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 52 week low of $93.00 and a 52 week high of $141.33. The firm has a 50 day simple moving average of $99.80 and a two-hundred day simple moving average of $106.41. The firm has a market cap of $6.46 billion, a price-to-earnings ratio of 17.50 and a beta of 1.47.

UFP Industries (NASDAQ:UFPI - Get Free Report) last issued its quarterly earnings results on Monday, April 28th. The construction company reported $1.30 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.57 by ($0.27). UFP Industries had a return on equity of 11.78% and a net margin of 5.64%. The business had revenue of $1.60 billion during the quarter, compared to analysts' expectations of $1.61 billion. During the same quarter in the previous year, the company posted $1.96 EPS. The company's quarterly revenue was down 2.7% on a year-over-year basis. As a group, equities research analysts predict that UFP Industries, Inc. will post 7.08 earnings per share for the current fiscal 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 issued a $0.35 dividend. The ex-dividend date was Monday, June 2nd. This represents a $1.40 dividend on an annualized basis and a yield of 1.31%. UFP Industries's dividend payout ratio 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.