Johnson Investment Counsel Inc. Acquires 6,520 Shares of UFP Industries, Inc. (NASDAQ:UFPI)

Johnson Investment Counsel Inc. boosted its holdings in shares of UFP Industries, Inc. (NASDAQ:UFPI - Free Report) by 32.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,425 shares of the construction company's stock after purchasing 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.

Several other institutional investors have also bought and sold shares of UFPI. FMR LLC increased its holdings in shares of UFP Industries by 7.1% in the 4th quarter. FMR LLC now owns 1,751,264 shares of the construction company's stock worth $197,280,000 after buying an additional 115,687 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its position 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 in the last quarter. Franklin Resources Inc. increased its stake in UFP Industries by 5.0% during 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 position 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 valued at $125,171,000 after purchasing an additional 98,533 shares during the period. Finally, First Trust Advisors LP raised its position 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 valued at $89,206,000 after purchasing an additional 223,522 shares during the period. Institutional investors own 81.81% of the company's stock.

UFP Industries Price Performance

Shares of UFP Industries stock opened at $95.11 on Friday. The stock has a market cap of $5.74 billion, a price-to-earnings ratio of 15.57 and a beta of 1.49. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.44 and a current ratio of 4.96. The stock has a 50 day moving average price of $100.24 and a 200-day moving average price of $108.83. UFP Industries, Inc. has a one year low of $94.60 and a one year high of $141.33.

UFP Industries (NASDAQ:UFPI - Get Free Report) last issued its quarterly earnings results on Monday, April 28th. The construction company reported $1.30 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.57 by ($0.27). The company had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.61 billion. UFP Industries had a return on equity of 11.78% and a net margin of 5.64%. The firm's quarterly revenue was down 2.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.96 earnings per share. Equities analysts expect that UFP Industries, Inc. will post 7.08 EPS for the current year.

UFP Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were paid a dividend of $0.35 per share. The ex-dividend date was Monday, June 2nd. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.47%. UFP Industries's dividend payout ratio is presently 22.91%.

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.

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