Annis Gardner Whiting Capital Advisors LLC Has $312,000 Stock 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 boosted its position in UFP Industries, Inc. (NASDAQ:UFPI - Free Report) by 2,505.4% in the 1st quarter, according to its most recent filing with the 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 filing with the SEC.

Several other hedge funds have also bought and sold shares of UFPI. LPL Financial LLC lifted its stake in UFP Industries by 3.0% in the 4th quarter. LPL Financial LLC now owns 16,410 shares of the construction company's stock valued at $1,849,000 after purchasing an additional 484 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its stake in UFP Industries by 10.5% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 8,741 shares of the construction company's stock valued at $985,000 after purchasing an additional 832 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in UFP Industries by 13.7% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 11,099 shares of the construction company's stock valued at $1,250,000 after purchasing an additional 1,339 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in UFP Industries in the 4th quarter valued at about $563,000. Finally, Envestnet Asset Management Inc. raised its holdings in UFP Industries by 13.4% in the 4th quarter. Envestnet Asset Management Inc. now owns 130,177 shares of the construction company's stock valued at $14,664,000 after acquiring an additional 15,340 shares during the period. 81.81% of the stock is currently owned by institutional investors and hedge funds.

UFP Industries Stock Performance

UFP Industries stock traded down $0.37 during trading hours on Wednesday, hitting $99.23. The company had a trading volume of 327,637 shares, compared to its average volume of 373,173. UFP Industries, Inc. has a one year low of $93.00 and a one year high of $141.33. The firm has a 50-day moving average of $100.57 and a 200 day moving average of $105.03. The firm has a market cap of $5.99 billion, a PE ratio of 17.23 and a beta of 1.43. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.54 and a quick ratio of 3.16.

UFP Industries (NASDAQ:UFPI - Get Free Report) last announced its earnings results on Monday, July 28th. The construction company reported $1.70 EPS 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 for the quarter, compared to the consensus estimate of $1.85 billion. During the same period in the prior year, the business posted $2.05 earnings per share. The firm's revenue for the quarter was down 3.5% compared to the same quarter last year. On average, sell-side analysts expect that UFP Industries, Inc. will post 7.08 earnings per share for the current year.

UFP Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Monday, September 1st will be given a dividend of $0.35 per share. 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 (DPR) is currently 24.31%.

Analyst Upgrades and Downgrades

Separately, Loop Capital began coverage on shares of UFP Industries in a report 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.