Jane Street Group LLC Buys 97,274 Shares of UFP Industries, Inc. $UFPI

Key Points

• Jane Street Group LLC significantly increased its stake in UFP Industries, owning 120,718 shares valued at $12.92 million after a 414.9% increase in the first quarter.
• UFP Industries reported a missed earnings estimate of $1.70 EPS compared to the expected $1.95, along with a 3.5% year-over-year decline in revenue.
• The company announced a quarterly dividend of $0.35, leading to an annualized dividend yield of 1.4%, with the ex-dividend date on August 29th.

Jane Street Group LLC boosted its position in UFP Industries, Inc. (NASDAQ:UFPI - Free Report) by 414.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 120,718 shares of the construction company's stock after buying an additional 97,274 shares during the quarter. Jane Street Group LLC owned approximately 0.20% of UFP Industries worth $12,922,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of UFPI. Putney Financial Group LLC acquired a new position in UFP Industries in the 4th quarter valued at $30,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in UFP Industries during the first quarter worth $36,000. Caitong International Asset Management Co. Ltd increased its position in UFP Industries by 39.9% during the first quarter. Caitong International Asset Management Co. Ltd now owns 417 shares of the construction company's stock worth $45,000 after acquiring an additional 119 shares during the period. UMB Bank n.a. increased its position in UFP Industries by 182.1% during the first quarter. UMB Bank n.a. now owns 567 shares of the construction company's stock worth $61,000 after acquiring an additional 366 shares during the period. Finally, Signaturefd LLC increased its position in UFP Industries by 222.5% during the first quarter. Signaturefd LLC now owns 816 shares of the construction company's stock worth $87,000 after acquiring an additional 563 shares during the period. 81.81% of the stock is currently owned by institutional investors and hedge funds.

UFP Industries Trading Up 1.2%

Shares of UFPI traded up $1.26 on Friday, reaching $103.90. 75,110 shares of the company's stock were exchanged, compared to its average volume of 426,732. The company has a current ratio of 4.54, a quick ratio of 3.16 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $6.09 billion, a P/E ratio of 18.01 and a beta of 1.47. The business has a 50 day moving average price of $102.39 and a two-hundred day moving average price of $102.92. 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 issued its earnings results on Monday, July 28th. The construction company reported $1.70 EPS for the quarter, missing the consensus estimate 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 in the previous year, the company posted $2.05 EPS. The firm's revenue for the quarter was down 3.5% on a year-over-year basis. Research analysts anticipate that UFP Industries, Inc. will post 7.08 earnings per share for the current year.

UFP Industries Dividend Announcement

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 given a $0.35 dividend. The ex-dividend date is Friday, August 29th. This represents a $1.40 annualized dividend and a dividend yield of 1.3%. UFP Industries's payout ratio is currently 24.31%.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Loop Capital assumed coverage on shares of UFP Industries in a research report on Wednesday, July 23rd. They issued a "hold" rating and a $112.00 price target on the stock. 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 given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, UFP Industries currently has a consensus rating of "Hold" and an average price target of $134.00.

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.