Envestnet Asset Management Inc. Has $14.87 Million Stock Holdings in UFP Industries, Inc. (NASDAQ:UFPI)

Envestnet Asset Management Inc. raised its holdings in UFP Industries, Inc. (NASDAQ:UFPI - Free Report) by 6.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 138,915 shares of the construction company's stock after acquiring an additional 8,738 shares during the quarter. Envestnet Asset Management Inc. owned about 0.23% of UFP Industries worth $14,869,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Putney Financial Group LLC bought a new position in UFP Industries during the 4th quarter worth about $30,000. Kapitalo Investimentos Ltda bought a new stake in UFP Industries in the 4th quarter valued at approximately $61,000. UMB Bank n.a. boosted its position 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 acquiring an additional 366 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of UFP Industries during the 4th quarter worth approximately $160,000. Finally, GAMMA Investing LLC grew its stake in shares of UFP Industries by 107.5% during the 1st quarter. GAMMA Investing LLC now owns 1,500 shares of the construction company's stock worth $161,000 after acquiring an additional 777 shares in the last quarter. Institutional investors and hedge funds own 81.81% of the company's stock.

UFP Industries Stock Down 1.3%

NASDAQ UFPI traded down $1.30 during trading hours on Friday, hitting $101.06. 323,892 shares of the company traded hands, compared to its average volume of 370,500. UFP Industries, Inc. has a twelve month low of $93.00 and a twelve month high of $141.33. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.44 and a current ratio of 4.96. The business's 50-day moving average is $100.22 and its 200-day moving average is $106.00. The stock has a market capitalization of $6.10 billion, a price-to-earnings ratio of 16.54 and a beta of 1.47.

UFP Industries (NASDAQ:UFPI - Get Free Report) last issued its quarterly earnings data on Monday, April 28th. The construction company reported $1.30 earnings per share for the quarter, missing the consensus estimate of $1.57 by ($0.27). The company had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.61 billion. UFP Industries had a net margin of 5.64% and a return on equity of 11.78%. UFP Industries's revenue for the quarter was down 2.7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.96 earnings per share. Sell-side analysts anticipate that UFP Industries, Inc. will post 7.08 earnings per share for the current year.

UFP Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.39%. UFP Industries's payout ratio is 22.91%.

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.