Boston Partners Buys 797,069 Shares of UFP Industries, Inc. $UFPI

Key Points

• Boston Partners increased its stake in UFP Industries by 118.6%, acquiring 797,069 additional shares during the first quarter, bringing its total ownership to 1,469,300 shares valued at $157.27 million.
• UFP Industries reported weaker-than-expected quarterly earnings with an EPS of $1.70, missing the consensus estimate of $1.95, and a revenue decline of 3.5% year-over-year.
• The company declared a quarterly dividend of $0.35 per share, effective September 15, representing a 1.3% dividend yield with a payout ratio of 24.31%.

Boston Partners grew its holdings in shares of UFP Industries, Inc. (NASDAQ:UFPI - Free Report) by 118.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,469,300 shares of the construction company's stock after buying an additional 797,069 shares during the quarter. Boston Partners owned 2.43% of UFP Industries worth $157,270,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. T. Rowe Price Investment Management Inc. raised its position in UFP Industries by 39.1% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,546,745 shares of the construction company's stock valued at $174,241,000 after purchasing an additional 435,155 shares during the period. Raymond James Financial Inc. bought a new position in shares of UFP Industries during the 4th quarter valued at approximately $30,457,000. First Trust Advisors LP raised its holdings in UFP Industries by 39.3% during the 4th quarter. First Trust Advisors LP now owns 791,886 shares of the construction company's stock valued at $89,206,000 after buying an additional 223,522 shares during the period. Nuveen LLC bought a new stake in UFP Industries in the first quarter worth $18,224,000. Finally, GAMMA Investing LLC boosted its stake in UFP Industries by 22,107.5% during the first quarter. GAMMA Investing LLC now owns 160,560 shares of the construction company's stock worth $17,186,000 after buying an additional 159,837 shares during the period. Institutional investors own 81.81% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Loop Capital initiated 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.

UFP Industries Trading Down 0.7%

Shares of NASDAQ:UFPI traded down $0.70 during trading hours on Monday, hitting $100.71. 257,088 shares of the company's stock traded hands, compared to its average volume of 436,073. The firm has a market capitalization of $5.90 billion, a P/E ratio of 17.48 and a beta of 1.43. The business has a fifty day moving average price of $101.15 and a 200-day moving average price of $104.07. UFP Industries, Inc. has a 1 year low of $93.00 and a 1 year high of $141.33. 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 posted its quarterly earnings data on Monday, July 28th. The construction company reported $1.70 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.95 by ($0.25). The business had revenue of $1.84 billion for the quarter, compared to analysts' expectations of $1.85 billion. UFP Industries had a net margin of 5.31% and a return on equity of 10.95%. UFP Industries's revenue was down 3.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.05 EPS. Equities analysts expect that UFP Industries, Inc. will post 7.08 earnings per share for the current year.

UFP Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Monday, September 1st will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Friday, August 29th. UFP Industries's dividend payout ratio (DPR) is currently 24.31%.

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.