UFP Industries, Inc. $UFPI Stock Position Increased by B. Metzler seel. Sohn & Co. AG

Key Points

• B. Metzler seel. Sohn & Co. AG increased its holdings in UFP Industries, Inc. by 77.8%, owning 23,155 shares valued at approximately $2.48 million as of the latest filing.
• UFP Industries reported a 3.5% decline in quarterly revenue year-over-year, with earnings per share missing consensus estimates by 25 cents at $1.70.
• The company recently declared a quarterly dividend of $0.35, resulting in an annualized dividend of $1.40 and a yield of 1.4%.

B. Metzler seel. Sohn & Co. AG boosted its position in shares of UFP Industries, Inc. (NASDAQ:UFPI - Free Report) by 77.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,155 shares of the construction company's stock after purchasing an additional 10,133 shares during the period. B. Metzler seel. Sohn & Co. AG's holdings in UFP Industries were worth $2,479,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Putney Financial Group LLC purchased a new position in UFP Industries in the 4th quarter valued at about $30,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in UFP Industries in the first quarter valued at about $36,000. Caitong International Asset Management Co. Ltd grew its stake in UFP Industries by 39.9% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 417 shares of the construction company's stock valued at $45,000 after purchasing an additional 119 shares in the last quarter. Kapitalo Investimentos Ltda acquired a new stake in UFP Industries during the 4th quarter valued at approximately $61,000. Finally, UMB Bank n.a. increased its holdings in UFP Industries by 182.1% during the 1st quarter. UMB Bank n.a. now owns 567 shares of the construction company's stock worth $61,000 after purchasing an additional 366 shares during the last quarter. Hedge funds and other institutional investors own 81.81% of the company's stock.

UFP Industries Stock Performance

Shares of UFPI stock traded down $1.10 on Monday, hitting $100.97. 271,216 shares of the stock traded hands, compared to its average volume of 318,288. The company's fifty day moving average is $102.34 and its 200 day moving average is $103.17. UFP Industries, Inc. has a 1-year low of $93.00 and a 1-year high of $141.33. The company has a market capitalization of $5.91 billion, a PE ratio of 17.53 and a beta of 1.47. 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 released its earnings results on Monday, July 28th. The construction company reported $1.70 earnings per share for the quarter, missing the consensus estimate of $1.95 by ($0.25). UFP Industries had a net margin of 5.31% and a return on equity of 10.95%. The business had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.85 billion. During the same quarter in the previous year, the firm earned $2.05 EPS. The firm's revenue for the quarter was down 3.5% on a year-over-year basis. On average, 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 announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Monday, September 1st will be issued a $0.35 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $1.40 dividend on an annualized basis and a yield of 1.4%. UFP Industries's dividend payout ratio (DPR) is currently 24.31%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on UFPI. Loop Capital initiated coverage on shares of UFP Industries in a research report on Wednesday, July 23rd. They set a "hold" rating and a $112.00 price target for the company. Zacks Research lowered shares of UFP Industries from a "hold" rating to a "strong sell" rating in a report on Tuesday, August 19th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $134.00.

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.