GAMMA Investing LLC Buys 159,837 Shares of UFP Industries, Inc. (NASDAQ:UFPI)

GAMMA Investing LLC lifted its position in shares of UFP Industries, Inc. (NASDAQ:UFPI - Free Report) by 22,107.5% during the 1st quarter, according to its most recent disclosure with the Securities & 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 about 0.26% of UFP Industries worth $17,186,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in UFPI. Norges Bank bought a new stake in shares of UFP Industries during the 4th quarter valued at $83,149,000. Thrivent Financial for Lutherans lifted its position in UFP Industries by 3,820.8% during the 4th quarter. Thrivent Financial for Lutherans now owns 561,142 shares of the construction company's stock valued at $63,212,000 after acquiring an additional 546,830 shares during the period. T. Rowe Price Investment Management Inc. lifted its position in UFP Industries by 39.1% during the 4th 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 acquiring an additional 435,155 shares during the period. Boston Partners boosted its stake in UFP Industries by 100.8% during the fourth quarter. Boston Partners now owns 672,231 shares of the construction company's stock worth $75,736,000 after acquiring an additional 337,463 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in UFP Industries in the fourth quarter worth about $30,457,000. 81.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on UFPI shares. Benchmark reiterated a "buy" rating and set a $135.00 target price 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 investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $143.00.

UFP Industries Stock Up 1.1%

UFP Industries stock traded up $1.04 during trading hours on Monday, hitting $97.62. The stock had a trading volume of 333,652 shares, compared to its average volume of 353,512. The stock's 50-day moving average price is $101.78 and its 200-day moving average price is $110.91. The stock has a market capitalization of $5.90 billion, a P/E ratio of 14.42 and a beta of 1.49. UFP Industries, Inc. has a 12-month low of $94.68 and a 12-month high of $141.33. The company has a quick ratio of 3.25, a current ratio of 4.88 and a debt-to-equity ratio of 0.07.

UFP Industries (NASDAQ:UFPI - Get Free Report) last announced its quarterly earnings data on Monday, April 28th. The construction company reported $1.30 earnings per share for the quarter, missing analysts' consensus estimates of $1.57 by ($0.27). The firm had revenue of $1.60 billion during the quarter, compared to analysts' expectations of $1.61 billion. UFP Industries had a return on equity of 13.24% and a net margin of 6.23%. UFP Industries's revenue was down 2.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.96 earnings per share. Equities research analysts anticipate that UFP Industries, Inc. will post 7.08 EPS for the current fiscal year.

UFP Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 1.43%. The ex-dividend date is Monday, June 2nd. UFP Industries's dividend payout ratio is currently 22.91%.

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.