B. Metzler seel. Sohn & Co. AG Acquires 10,133 Shares of UFP Industries, Inc. $UFPI

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 grew its position in UFP Industries, Inc. (NASDAQ:UFPI - Free Report) by 77.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,155 shares of the construction company's stock after acquiring an additional 10,133 shares during the quarter. 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.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Kayne Anderson Rudnick Investment Management LLC raised its stake in shares of UFP Industries by 17.9% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,751,399 shares of the construction company's stock valued at $401,550,000 after acquiring an additional 568,741 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of UFP Industries by 1.4% in the first quarter. Dimensional Fund Advisors LP now owns 1,917,463 shares of the construction company's stock valued at $205,237,000 after acquiring an additional 25,903 shares during the period. Boston Partners raised its stake in shares of UFP Industries by 118.6% in the first quarter. Boston Partners now owns 1,469,300 shares of the construction company's stock valued at $157,270,000 after acquiring an additional 797,069 shares during the period. Northern Trust Corp raised its stake in shares of UFP Industries by 1.6% in the first quarter. Northern Trust Corp now owns 1,129,244 shares of the construction company's stock valued at $120,874,000 after acquiring an additional 18,097 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of UFP Industries by 14.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,051,613 shares of the construction company's stock valued at $112,112,000 after acquiring an additional 132,595 shares during the period. Hedge funds and other institutional investors own 81.81% of the company's stock.

UFP Industries Trading Down 1.7%

Shares of NASDAQ UFPI traded down $1.72 during mid-day trading on Wednesday, reaching $98.45. The company had a trading volume of 97,790 shares, compared to its average volume of 427,862. The business's 50-day moving average is $102.36 and its 200-day moving average is $103.04. The company has a current ratio of 4.54, a quick ratio of 3.16 and a debt-to-equity ratio of 0.07. The stock has a market cap of $5.77 billion, a price-to-earnings ratio of 17.10 and a beta of 1.47. UFP Industries, Inc. has a 52 week low of $93.00 and a 52 week high of $141.33.

UFP Industries (NASDAQ:UFPI - Get Free Report) last posted its quarterly earnings results 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 company had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.85 billion. UFP Industries had a return on equity of 10.95% and a net margin of 5.31%.The company's revenue for the quarter was down 3.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.05 earnings per share. Equities analysts expect that UFP Industries, Inc. will post 7.08 earnings per share for the current year.

UFP Industries Announces Dividend

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 dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 1.4%. The ex-dividend date is Friday, August 29th. UFP Industries's dividend payout ratio is presently 24.31%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Loop Capital assumed coverage on shares of UFP Industries in a research note on Wednesday, July 23rd. They issued a "hold" rating and a $112.00 target price on the stock. Zacks Research downgraded shares of UFP Industries from a "hold" rating to a "strong sell" rating in a research note on Tuesday, August 19th. Two research 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's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $134.00.

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.