CHICAGO TRUST Co NA Buys New Shares in UFP Industries, Inc. $UFPI

Key Points

• CHICAGO TRUST Co NA has purchased a new stake in UFP Industries, acquiring 15,401 shares valued at approximately $1.53 million in the 2nd quarter.
• UFP Industries reported earnings per share (EPS) of $1.70, missing analyst estimates of $1.95, with quarterly revenue down 3.5% year-over-year.
• The company has announced a quarterly dividend of $0.35 per share, representing an annualized yield of 1.5%.

CHICAGO TRUST Co NA bought a new stake in shares of UFP Industries, Inc. (NASDAQ:UFPI - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 15,401 shares of the construction company's stock, valued at approximately $1,530,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Kayne Anderson Rudnick Investment Management LLC lifted its stake in UFP Industries by 17.9% during 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 purchasing an additional 568,741 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in UFP Industries by 1.4% during 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 purchasing an additional 25,903 shares during the last quarter. Boston Partners lifted its stake in UFP Industries by 118.6% during the first quarter. Boston Partners now owns 1,469,300 shares of the construction company's stock valued at $157,270,000 after purchasing an additional 797,069 shares during the last quarter. Northern Trust Corp lifted its stake in UFP Industries by 1.6% during the first quarter. Northern Trust Corp now owns 1,129,244 shares of the construction company's stock valued at $120,874,000 after purchasing an additional 18,097 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of UFP Industries by 14.4% in the 1st 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 in the last quarter. 81.81% of the stock is owned by institutional investors and hedge funds.

UFP Industries Stock Performance

NASDAQ:UFPI opened at $95.19 on Tuesday. UFP Industries, Inc. has a 1 year low of $93.00 and a 1 year high of $141.33. The firm's fifty day simple moving average is $101.08 and its 200 day simple moving average is $102.08. 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 firm has a market capitalization of $5.58 billion, a PE ratio of 16.53 and a beta of 1.47.

UFP Industries (NASDAQ:UFPI - Get Free Report) last posted its earnings results 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). UFP Industries had a net margin of 5.31% and a return on equity of 10.95%. The firm had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.85 billion. During the same quarter in the previous year, the business posted $2.05 earnings per share. The business's quarterly revenue was down 3.5% compared to the same quarter last year. On average, sell-side analysts anticipate that UFP Industries, Inc. will post 7.08 EPS for the current year.

UFP Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Monday, September 1st were paid a $0.35 dividend. The ex-dividend date was Friday, August 29th. This represents a $1.40 dividend on an annualized basis and a yield of 1.5%. UFP Industries's dividend payout ratio (DPR) is presently 24.31%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on UFPI shares. Loop Capital started coverage on shares of UFP Industries in a research report on Wednesday, July 23rd. They issued a "hold" rating and a $112.00 price target for the company. Zacks Research downgraded shares of UFP Industries from a "hold" rating to a "strong sell" rating in a research report on Tuesday, August 19th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target 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.

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