GSA Capital Partners LLP Takes $603,000 Position in UFP Industries, Inc. (NASDAQ:UFPI)

GSA Capital Partners LLP purchased a new position in shares of UFP Industries, Inc. (NASDAQ:UFPI - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm purchased 5,634 shares of the construction company's stock, valued at approximately $603,000.

Several other institutional investors have also made changes to their positions in the company. LPL Financial LLC boosted its holdings in UFP Industries by 3.0% in the 4th quarter. LPL Financial LLC now owns 16,410 shares of the construction company's stock valued at $1,849,000 after purchasing an additional 484 shares during the period. O Shaughnessy Asset Management LLC lifted its stake in shares of UFP Industries by 10.5% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 8,741 shares of the construction company's stock valued at $985,000 after buying an additional 832 shares during the period. Massachusetts Financial Services Co. MA grew its position in UFP Industries by 13.7% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 11,099 shares of the construction company's stock worth $1,250,000 after buying an additional 1,339 shares in the last quarter. Huntington National Bank increased its stake in UFP Industries by 19.3% during the fourth quarter. Huntington National Bank now owns 1,882 shares of the construction company's stock valued at $212,000 after acquiring an additional 304 shares during the period. Finally, Integrated Quantitative Investments LLC acquired a new position in UFP Industries in the 4th quarter valued at approximately $321,000. 81.81% of the stock is currently owned by institutional investors and hedge funds.

UFP Industries Price Performance

Shares of UFPI stock traded up $0.23 during trading hours on Thursday, hitting $99.46. The company had a trading volume of 124,449 shares, compared to its average volume of 440,842. The firm has a market capitalization of $6.01 billion, a price-to-earnings ratio of 17.27 and a beta of 1.43. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.16 and a current ratio of 4.54. The firm's fifty day moving average is $100.57 and its 200 day moving average is $105.03. UFP Industries, Inc. has a 12 month low of $93.00 and a 12 month high of $141.33.

UFP Industries (NASDAQ:UFPI - Get Free Report) last announced its earnings results on Monday, July 28th. The construction company reported $1.70 earnings per share for the quarter, missing analysts' consensus estimates of $1.95 by ($0.25). UFP Industries had a return on equity of 10.95% and a net margin of 5.31%. The firm had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.85 billion. During the same quarter last year, the business posted $2.05 EPS. UFP Industries's revenue for the quarter was down 3.5% on a year-over-year basis. On average, sell-side analysts predict that UFP Industries, Inc. will post 7.08 EPS for the current fiscal year.

UFP Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Monday, September 1st will be issued a dividend of $0.35 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $1.40 annualized dividend and a dividend yield of 1.4%. UFP Industries's dividend payout ratio (DPR) is currently 24.31%.

Analyst Upgrades and Downgrades

Separately, Loop Capital assumed coverage on UFP Industries in a research report on Wednesday, July 23rd. They set a "hold" rating and a $112.00 price objective 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.