GAMMA Investing LLC Has $17.19 Million Holdings in UFP Industries, Inc. (NASDAQ:UFPI)

GAMMA Investing LLC increased its stake in UFP Industries, Inc. (NASDAQ:UFPI - Free Report) by 22,107.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 160,560 shares of the construction company's stock after purchasing an additional 159,837 shares during the quarter. GAMMA Investing LLC owned approximately 0.26% of UFP Industries worth $17,186,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Putney Financial Group LLC purchased a new position in shares of UFP Industries in the fourth quarter worth approximately $30,000. Smartleaf Asset Management LLC boosted its stake in UFP Industries by 1,683.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 535 shares of the construction company's stock worth $60,000 after purchasing an additional 505 shares during the period. Jones Financial Companies Lllp grew its position in UFP Industries by 357.8% during the 4th quarter. Jones Financial Companies Lllp now owns 531 shares of the construction company's stock worth $60,000 after purchasing an additional 415 shares in the last quarter. Kapitalo Investimentos Ltda acquired a new stake in UFP Industries during the 4th quarter valued at $61,000. Finally, Principal Securities Inc. lifted its holdings in shares of UFP Industries by 39.8% in the fourth quarter. Principal Securities Inc. now owns 615 shares of the construction company's stock valued at $69,000 after purchasing an additional 175 shares in the last quarter. Institutional investors and hedge funds own 81.81% of the company's stock.

UFP Industries Stock Down 0.8%

Shares of NASDAQ UFPI traded down $0.79 during mid-day trading on Friday, reaching $96.58. The company had a trading volume of 254,312 shares, compared to its average volume of 353,122. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.25 and a current ratio of 4.88. UFP Industries, Inc. has a twelve month low of $94.68 and a twelve month high of $141.33. The stock's 50 day moving average is $101.98 and its 200-day moving average is $111.39. The stock has a market capitalization of $5.83 billion, a PE ratio of 14.27 and a beta of 1.54.

UFP Industries (NASDAQ:UFPI - Get Free Report) last issued its earnings results 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 firm had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.61 billion. UFP Industries had a return on equity of 13.24% and a net margin of 6.23%. The business's revenue for the quarter was down 2.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.96 earnings per share. As a group, equities analysts anticipate that UFP Industries, Inc. will post 7.08 earnings per share for the current fiscal year.

UFP Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 1.45%. The ex-dividend date of this dividend is Monday, June 2nd. UFP Industries's payout ratio is presently 22.91%.

Wall Street Analysts Forecast Growth

UFPI has been the topic of a number of research analyst reports. Benchmark reiterated a "buy" rating and set a $135.00 price target on shares of UFP Industries in a report on Wednesday, February 19th. Wall Street Zen cut UFP Industries from a "buy" rating to a "hold" rating in a research note on Wednesday, February 19th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $143.00.

About UFP Industries

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.