UFP Industries, Inc. (NASDAQ:UFPI) Stock Position Decreased by Headlands Technologies LLC

Key Points

• Headlands Technologies LLC reduced its stake in UFP Industries by 36.5%, now holding 11,177 shares valued at approximately $1,196,000.
• Several institutional investors, including LPL Financial LLC and Envestnet Asset Management Inc., increased their holdings in UFP Industries in the fourth quarter.
• UFP Industries reported $1.70 EPS for the last quarter, missing analysts' expectations, with revenue down 3.5% compared to the previous year.

Headlands Technologies LLC lessened its position in UFP Industries, Inc. (NASDAQ:UFPI - Free Report) by 36.5% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,177 shares of the construction company's stock after selling 6,415 shares during the period. Headlands Technologies LLC's holdings in UFP Industries were worth $1,196,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Deutsche Bank AG boosted its position in shares of UFP Industries by 47.1% in the 1st quarter. Deutsche Bank AG now owns 77,637 shares of the construction company's stock valued at $8,310,000 after purchasing an additional 24,872 shares during the period. Annis Gardner Whiting Capital Advisors LLC boosted its position in shares of UFP Industries by 2,505.4% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 2,918 shares of the construction company's stock valued at $312,000 after purchasing an additional 2,806 shares during the period. Blair William & Co. IL boosted its position in shares of UFP Industries by 16.9% in the 1st quarter. Blair William & Co. IL now owns 11,662 shares of the construction company's stock valued at $1,248,000 after purchasing an additional 1,685 shares during the period. Argent Trust Co boosted its position in shares of UFP Industries by 3.7% in the 1st quarter. Argent Trust Co now owns 5,547 shares of the construction company's stock valued at $594,000 after purchasing an additional 198 shares during the period. Finally, Jefferies Financial Group Inc. acquired a new position in shares of UFP Industries in the 1st quarter valued at $1,051,000. Institutional investors own 81.81% of the company's stock.

UFP Industries Stock Up 3.7%

Shares of UFPI stock traded up $3.63 on Tuesday, reaching $102.14. 91,791 shares of the company's stock traded hands, compared to its average volume of 438,442. UFP Industries, Inc. has a 12-month low of $93.00 and a 12-month high of $141.33. 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 company has a market capitalization of $5.98 billion, a P/E ratio of 17.74 and a beta of 1.43. The business's 50 day moving average price is $100.66 and its two-hundred day moving average price is $104.46.

UFP Industries (NASDAQ:UFPI - Get Free Report) last issued its quarterly 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 net margin of 5.31% and a return on equity of 10.95%. The business had revenue of $1.84 billion for the quarter, compared to analysts' expectations of $1.85 billion. During the same quarter in the prior year, the firm posted $2.05 EPS. The business's quarterly revenue was down 3.5% compared to the same quarter last year. On average, equities analysts forecast that UFP Industries, Inc. will post 7.08 earnings per share for the current year.

UFP Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Monday, September 1st will be paid a $0.35 dividend. The ex-dividend date is Friday, August 29th. This represents a $1.40 dividend on an annualized basis and a yield of 1.4%. UFP Industries's payout ratio is 24.31%.

Analyst Upgrades and Downgrades

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

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.