Jane Street Group LLC Has $12.92 Million Stock Holdings in 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 raised its stake in shares of UFP Industries, Inc. (NASDAQ:UFPI - Free Report) by 414.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 120,718 shares of the construction company's stock after purchasing an additional 97,274 shares during the period. Jane Street Group LLC owned 0.20% of UFP Industries worth $12,922,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Kayne Anderson Rudnick Investment Management LLC grew its holdings in UFP Industries by 17.9% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,751,399 shares of the construction company's stock valued at $401,550,000 after purchasing an additional 568,741 shares during the last quarter. Comerica Bank grew its holdings in UFP Industries by 4.9% during the first quarter. Comerica Bank now owns 33,721 shares of the construction company's stock valued at $3,609,000 after purchasing an additional 1,572 shares during the last quarter. Synovus Financial Corp grew its holdings in UFP Industries by 8.3% during the first quarter. Synovus Financial Corp now owns 6,181 shares of the construction company's stock valued at $662,000 after purchasing an additional 474 shares during the last quarter. Cadence Bank grew its holdings in UFP Industries by 4.4% during the first quarter. Cadence Bank now owns 19,821 shares of the construction company's stock valued at $2,122,000 after purchasing an additional 827 shares during the last quarter. Finally, Advantage Alpha Capital Partners LP grew its holdings in UFP Industries by 32.8% during the first quarter. Advantage Alpha Capital Partners LP now owns 43,306 shares of the construction company's stock valued at $4,637,000 after purchasing an additional 10,696 shares during the last quarter. Institutional investors and hedge funds own 81.81% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Loop Capital assumed coverage on UFP Industries in a report on Wednesday, July 23rd. They set a "hold" rating and a $112.00 price target on the stock. Zacks Research downgraded shares of UFP Industries from a "hold" rating to a "strong sell" rating in a research note on Tuesday, August 19th. Two investment 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's stock. According to data from MarketBeat, UFP Industries currently has a consensus rating of "Hold" and an average price target of $134.00.

UFP Industries Trading Down 1.1%

Shares of UFP Industries stock opened at $100.97 on Friday. The company's fifty day simple moving average is $102.34 and its 200-day simple moving average is $103.25. The company has a market cap of $5.91 billion, a price-to-earnings ratio of 17.53 and a beta of 1.43. The company has a current ratio of 4.54, a quick ratio of 3.16 and a debt-to-equity ratio of 0.07. UFP Industries, Inc. has a 1 year low of $93.00 and a 1 year high of $141.33.

UFP Industries (NASDAQ:UFPI - Get Free Report) last announced its quarterly earnings data on Monday, July 28th. The construction company reported $1.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.95 by ($0.25). The company had revenue of $1.84 billion during the quarter, compared to analyst estimates 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 was down 3.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.05 EPS. As a group, sell-side analysts expect that UFP Industries, Inc. will post 7.08 EPS for the current year.

UFP Industries Dividend Announcement

The company also recently announced 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. This represents a $1.40 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Friday, August 29th. UFP Industries's dividend payout ratio (DPR) is 24.31%.

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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