Intech Investment Management LLC Buys 4,170 Shares of UFP Industries, Inc. $UFPI

Key Points

• Intech Investment Management LLC increased its stake in UFP Industries, Inc. by 15.0% by acquiring an additional 4,170 shares, holding a total of 31,965 shares now valued at approximately $3.42 million.
• UFP Industries announced a quarterly dividend of $0.35 scheduled to be paid on September 15th, representing an annualized yield of 1.4%.
• The company reported earnings per share of $1.70 for the last quarter, missing the consensus estimate by $0.25, with a year-over-year revenue decline of 3.5%.

Intech Investment Management LLC grew its holdings in shares of UFP Industries, Inc. (NASDAQ:UFPI - Free Report) by 15.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 31,965 shares of the construction company's stock after purchasing an additional 4,170 shares during the period. Intech Investment Management LLC owned approximately 0.05% of UFP Industries worth $3,422,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. State of Wyoming increased its holdings in UFP Industries by 8.4% in the 1st quarter. State of Wyoming now owns 1,294 shares of the construction company's stock valued at $139,000 after purchasing an additional 100 shares in the last quarter. Great Lakes Advisors LLC raised its holdings in shares of UFP Industries by 0.5% during the first quarter. Great Lakes Advisors LLC now owns 21,105 shares of the construction company's stock valued at $2,259,000 after buying an additional 105 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its position in UFP Industries by 39.9% in the first quarter. Caitong International Asset Management Co. Ltd now owns 417 shares of the construction company's stock worth $45,000 after buying an additional 119 shares during the last quarter. Park Avenue Securities LLC grew its position in UFP Industries by 6.5% during the 1st quarter. Park Avenue Securities LLC now owns 2,221 shares of the construction company's stock worth $238,000 after purchasing an additional 136 shares in the last quarter. Finally, Nations Financial Group Inc. IA ADV boosted its stake in shares of UFP Industries by 2.1% during the 1st quarter. Nations Financial Group Inc. IA ADV now owns 6,950 shares of the construction company's stock valued at $744,000 after buying an additional 141 shares during the period. Institutional investors and hedge funds own 81.81% of the company's stock.

UFP Industries Stock Up 1.1%

Shares of NASDAQ:UFPI traded up $1.08 during midday trading on Thursday, reaching $98.20. 338,118 shares of the company were exchanged, compared to its average volume of 303,594. The company has a quick ratio of 3.16, a current ratio of 4.54 and a debt-to-equity ratio of 0.07. UFP Industries, Inc. has a fifty-two week low of $93.00 and a fifty-two week high of $141.33. The stock has a fifty day simple moving average of $101.50 and a two-hundred day simple moving average of $102.30. The firm has a market cap of $5.75 billion, a PE ratio of 17.05 and a beta of 1.47.

UFP Industries (NASDAQ:UFPI - Get Free Report) last announced its quarterly earnings data on Monday, July 28th. The construction company reported $1.70 EPS 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 firm had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.85 billion. During the same period last year, the business earned $2.05 EPS. The business's revenue was down 3.5% on a year-over-year basis. As a group, sell-side analysts forecast that UFP Industries, Inc. will post 7.08 earnings per share for the current year.

UFP Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Monday, September 1st were issued a dividend of $0.35 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a $1.40 annualized dividend and a dividend yield of 1.4%. UFP Industries's payout ratio is presently 24.31%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Loop Capital assumed coverage on shares of UFP Industries in a report on Wednesday, July 23rd. They issued a "hold" rating and a $112.00 price objective for the company. Zacks Research lowered shares of UFP Industries from a "hold" rating to a "strong sell" rating in a research report on Tuesday, August 19th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $134.00.

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.