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 boosted its stake in shares of UFP Industries, Inc. (NASDAQ:UFPI - Free Report) by 15.0% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund 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 0.05% of UFP Industries worth $3,422,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. BNP Paribas Financial Markets acquired a new position in UFP Industries during the fourth quarter worth $1,710,000. Cetera Investment Advisers grew its position in shares of UFP Industries by 8.6% in the 4th quarter. Cetera Investment Advisers now owns 2,718 shares of the construction company's stock valued at $306,000 after acquiring an additional 215 shares during the period. Focus Partners Wealth increased its stake in shares of UFP Industries by 39.0% during the 4th quarter. Focus Partners Wealth now owns 4,343 shares of the construction company's stock worth $492,000 after purchasing an additional 1,218 shares during the last quarter. Gotham Asset Management LLC raised its holdings in shares of UFP Industries by 28.1% in the 4th quarter. Gotham Asset Management LLC now owns 2,664 shares of the construction company's stock valued at $300,000 after purchasing an additional 584 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in UFP Industries by 3.9% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,682 shares of the construction company's stock valued at $3,907,000 after purchasing an additional 1,301 shares during the last quarter. Institutional investors own 81.81% of the company's stock.

UFP Industries Price Performance

Shares of UFP Industries stock opened at $98.68 on Friday. The company has a quick ratio of 3.16, a current ratio of 4.54 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $5.78 billion, a price-to-earnings ratio of 17.13 and a beta of 1.47. UFP Industries, Inc. has a twelve month low of $93.00 and a twelve month high of $141.33. The company has a 50-day simple moving average of $102.09 and a two-hundred day simple moving average of $102.50.

UFP Industries (NASDAQ:UFPI - Get Free Report) last posted its quarterly earnings data 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 the consensus estimate of $1.85 billion. UFP Industries had a return on equity of 10.95% and a net margin of 5.31%.The company's revenue for the quarter was down 3.5% compared to the same quarter last year. During the same period in the prior year, the company earned $2.05 EPS. Analysts forecast that UFP Industries, Inc. will post 7.08 EPS for the current year.

UFP Industries Announces Dividend

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

Analyst Ratings Changes

UFPI has been the topic of several research analyst reports. Zacks Research lowered UFP Industries from a "hold" rating to a "strong sell" rating in a research note on Tuesday, August 19th. Loop Capital started coverage on UFP Industries in a research note on Wednesday, July 23rd. They issued a "hold" rating and a $112.00 price target on the stock. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $134.00.

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.

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