5,634 Shares in UFP Industries, Inc. (NASDAQ:UFPI) Acquired by GSA Capital Partners LLP

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

Other hedge funds have also modified their holdings of the company. Park Avenue Securities LLC lifted its position in UFP Industries by 6.5% during the first quarter. Park Avenue Securities LLC now owns 2,221 shares of the construction company's stock valued at $238,000 after purchasing an additional 136 shares during the last quarter. Bridge City Capital LLC increased its stake in UFP Industries by 0.3% in the 1st quarter. Bridge City Capital LLC now owns 56,123 shares of the construction company's stock worth $6,007,000 after buying an additional 145 shares during the period. M&T Bank Corp increased its stake in UFP Industries by 5.1% in the 1st quarter. M&T Bank Corp now owns 3,189 shares of the construction company's stock worth $342,000 after buying an additional 156 shares during the period. Vista Finance LLC grew its holdings in UFP Industries by 7.9% during the 1st quarter. Vista Finance LLC now owns 2,567 shares of the construction company's stock worth $275,000 after acquiring an additional 189 shares in the last quarter. Finally, State of Alaska Department of Revenue grew its holdings in UFP Industries by 2.7% during the 1st quarter. State of Alaska Department of Revenue now owns 7,115 shares of the construction company's stock worth $761,000 after acquiring an additional 190 shares in the last quarter. 81.81% of the stock is currently owned by institutional investors.

UFP Industries Price Performance

NASDAQ UFPI traded up $1.08 on Tuesday, hitting $99.60. The company had a trading volume of 298,651 shares, compared to its average volume of 375,486. The company has a market capitalization of $6.02 billion, a PE ratio of 17.29 and a beta of 1.43. The company's fifty day moving average price is $100.53 and its 200-day moving average price is $105.11. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.54 and a quick ratio of 3.16. 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 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). The firm had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.85 billion. UFP Industries had a net margin of 5.31% and a return on equity of 10.95%. The company's revenue was down 3.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.05 EPS. As a group, analysts predict 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 will be paid on Monday, September 15th. Shareholders of record on Monday, September 1st will be given a $0.35 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $1.40 dividend on an annualized basis and a yield of 1.4%. UFP Industries's dividend payout ratio is presently 24.31%.

Analyst Ratings Changes

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

UFP Industries Company 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.