UFP Industries, Inc. (NASDAQ:UFPI) Shares Acquired by Johnson Investment Counsel Inc.

Johnson Investment Counsel Inc. raised its position in UFP Industries, Inc. (NASDAQ:UFPI - Free Report) by 32.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 26,425 shares of the construction company's stock after acquiring an additional 6,520 shares during the quarter. Johnson Investment Counsel Inc.'s holdings in UFP Industries were worth $2,829,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the company. FMR LLC lifted its stake in UFP Industries by 7.1% in the fourth quarter. FMR LLC now owns 1,751,264 shares of the construction company's stock worth $197,280,000 after acquiring an additional 115,687 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its stake in UFP Industries by 39.1% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,546,745 shares of the construction company's stock worth $174,241,000 after acquiring an additional 435,155 shares during the last quarter. Franklin Resources Inc. lifted its stake in UFP Industries by 5.0% in the fourth quarter. Franklin Resources Inc. now owns 1,287,833 shares of the construction company's stock worth $145,074,000 after acquiring an additional 61,861 shares during the last quarter. Northern Trust Corp raised its holdings in UFP Industries by 9.7% during the fourth quarter. Northern Trust Corp now owns 1,111,147 shares of the construction company's stock worth $125,171,000 after purchasing an additional 98,533 shares in the last quarter. Finally, First Trust Advisors LP raised its holdings in UFP Industries by 39.3% during the fourth quarter. First Trust Advisors LP now owns 791,886 shares of the construction company's stock worth $89,206,000 after purchasing an additional 223,522 shares in the last quarter. Hedge funds and other institutional investors own 81.81% of the company's stock.

UFP Industries Stock Up 3.5%

UFPI stock traded up $3.41 during midday trading on Monday, reaching $99.74. 443,976 shares of the company were exchanged, compared to its average volume of 362,593. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.44 and a current ratio of 4.96. UFP Industries, Inc. has a 1-year low of $94.60 and a 1-year high of $141.33. The stock's 50-day simple moving average is $99.89 and its 200 day simple moving average is $108.01. The company has a market cap of $6.02 billion, a price-to-earnings ratio of 16.32 and a beta of 1.49.

UFP Industries (NASDAQ:UFPI - Get Free Report) last released its quarterly earnings data on Monday, April 28th. The construction company reported $1.30 earnings per share for the quarter, missing analysts' consensus estimates of $1.57 by ($0.27). UFP Industries had a return on equity of 11.78% and a net margin of 5.64%. The company had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.61 billion. During the same period in the previous year, the business posted $1.96 EPS. The firm's revenue for the quarter was down 2.7% 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 business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were issued a dividend of $0.35 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $1.40 dividend on an annualized basis and a yield of 1.40%. UFP Industries's payout ratio is currently 22.91%.

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.