Dimensional Fund Advisors LP Has $205.24 Million Holdings in UFP Industries, Inc. $UFPI

Key Points

• Dimensional Fund Advisors LP increased its holdings in UFP Industries, owning now 1,917,463 shares valued at $205.24 million, representing a 1.4% rise during the first quarter.
• UFP Industries reported a miss in quarterly earnings, with $1.70 EPS against a consensus estimate of $1.95, alongside a revenue decrease of 3.5% year-over-year.
• The company declared a quarterly dividend of $0.35 per share, with plans to distribute it on September 15, representing a yield of 1.4% with a payout ratio of 24.31%.

Dimensional Fund Advisors LP lifted its holdings in shares of UFP Industries, Inc. (NASDAQ:UFPI - Free Report) by 1.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,917,463 shares of the construction company's stock after purchasing an additional 25,903 shares during the period. Dimensional Fund Advisors LP owned 3.17% of UFP Industries worth $205,237,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Boston Partners lifted its holdings in 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 buying an additional 797,069 shares during the period. T. Rowe Price Investment Management Inc. lifted its holdings in UFP Industries by 39.1% in 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 buying an additional 435,155 shares during the period. First Trust Advisors LP lifted its holdings in UFP Industries by 39.3% in the fourth 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 acquired a new position in UFP Industries in the first quarter valued at $18,224,000. Finally, GAMMA Investing LLC lifted its holdings in UFP Industries by 22,107.5% in the first quarter. GAMMA Investing LLC now owns 160,560 shares of the construction company's stock valued at $17,186,000 after buying an additional 159,837 shares during the period. Institutional investors and hedge funds own 81.81% of the company's stock.

UFP Industries Trading Down 0.7%

UFPI opened at $100.71 on Tuesday. UFP Industries, Inc. has a 1-year low of $93.00 and a 1-year high of $141.33. 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 company has a market cap of $5.90 billion, a P/E ratio of 17.48 and a beta of 1.43. The company has a fifty day moving average price of $101.21 and a two-hundred day moving average price of $103.97.

UFP Industries (NASDAQ:UFPI - Get Free Report) last posted its quarterly 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 company had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.85 billion. During the same period last year, the firm posted $2.05 earnings per share. The company's revenue for the quarter was down 3.5% on a year-over-year basis. Analysts predict that UFP Industries, Inc. will post 7.08 EPS for the current fiscal year.

UFP Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Shareholders 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 payout ratio is 24.31%.

Wall Street Analyst Weigh In

Separately, Loop Capital assumed coverage on shares of UFP Industries in a report on Wednesday, July 23rd. They issued a "hold" rating and a $112.00 target price 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.

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