Annis Gardner Whiting Capital Advisors LLC Increases Holdings in UFP Industries, Inc. (NASDAQ:UFPI)

Key Points

• Annis Gardner Whiting Capital Advisors LLC increased its stake in UFP Industries by an impressive 2,505.4% in Q1, acquiring a total of 2,918 shares valued at $312,000.
• UFP Industries reported a missed earnings estimate for the last quarter, posting $1.70 EPS compared to a consensus of $1.95, with revenues down 3.5% year-over-year.
• The company declared a quarterly dividend of $0.35, which equates to an annual yield of 1.4%, set to be paid to shareholders on September 15th.

Annis Gardner Whiting Capital Advisors LLC increased its stake in shares of UFP Industries, Inc. (NASDAQ:UFPI - Free Report) by 2,505.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,918 shares of the construction company's stock after purchasing an additional 2,806 shares during the period. Annis Gardner Whiting Capital Advisors LLC's holdings in UFP Industries were worth $312,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Park Avenue Securities LLC raised its holdings in UFP Industries by 6.5% in the 1st quarter. Park Avenue Securities LLC now owns 2,221 shares of the construction company's stock valued at $238,000 after acquiring an additional 136 shares during the last quarter. Bridge City Capital LLC raised its holdings in UFP Industries by 0.3% in the 1st quarter. Bridge City Capital LLC now owns 56,123 shares of the construction company's stock valued at $6,007,000 after acquiring an additional 145 shares during the last quarter. M&T Bank Corp raised its holdings in UFP Industries by 5.1% in the 1st quarter. M&T Bank Corp now owns 3,189 shares of the construction company's stock valued at $342,000 after acquiring an additional 156 shares during the last quarter. Vista Finance LLC raised its holdings in UFP Industries by 7.9% in the 1st quarter. Vista Finance LLC now owns 2,567 shares of the construction company's stock valued at $275,000 after acquiring an additional 189 shares during the last quarter. Finally, State of Alaska Department of Revenue raised its holdings in UFP Industries by 2.7% in the 1st quarter. State of Alaska Department of Revenue now owns 7,115 shares of the construction company's stock valued at $761,000 after acquiring an additional 190 shares during the last quarter. 81.81% of the stock is currently owned by institutional investors and hedge funds.

UFP Industries Trading Down 1.7%

Shares of UFPI stock traded down $1.74 on Friday, reaching $97.85. 359,819 shares of the stock were exchanged, compared to its average volume of 360,001. The stock has a market cap of $5.73 billion, a P/E ratio of 16.99 and a beta of 1.43. 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 50 day moving average of $100.60 and a two-hundred day moving average of $104.77. UFP Industries, Inc. has a 1-year low of $93.00 and a 1-year high of $141.33.

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

UFP Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Monday, September 1st will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Friday, August 29th. UFP Industries's dividend payout ratio is presently 24.31%.

Analyst Upgrades and Downgrades

Separately, Loop Capital initiated coverage on UFP Industries in a report on Wednesday, July 23rd. They issued a "hold" rating and a $112.00 price target for the company.

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.