Moran Wealth Management LLC Lowers Stake in UFP Industries, Inc. (NASDAQ:UFPI)

Moran Wealth Management LLC lessened its holdings in shares of UFP Industries, Inc. (NASDAQ:UFPI - Free Report) by 7.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 60,755 shares of the construction company's stock after selling 4,834 shares during the period. Moran Wealth Management LLC owned 0.10% of UFP Industries worth $6,503,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Principal Securities Inc. grew its stake in shares of UFP Industries by 39.8% in the 4th quarter. Principal Securities Inc. now owns 615 shares of the construction company's stock valued at $69,000 after buying an additional 175 shares during the period. Principal Financial Group Inc. grew its stake in shares of UFP Industries by 0.4% in the 4th quarter. Principal Financial Group Inc. now owns 160,663 shares of the construction company's stock valued at $18,099,000 after buying an additional 576 shares during the period. CIBC Asset Management Inc grew its stake in shares of UFP Industries by 5.4% in the 4th quarter. CIBC Asset Management Inc now owns 1,895 shares of the construction company's stock valued at $213,000 after buying an additional 97 shares during the period. D.A. Davidson & CO. grew its stake in shares of UFP Industries by 74.8% in the 4th quarter. D.A. Davidson & CO. now owns 6,222 shares of the construction company's stock valued at $701,000 after buying an additional 2,663 shares during the period. Finally, Handelsbanken Fonder AB grew its stake in shares of UFP Industries by 11.0% in the 4th quarter. Handelsbanken Fonder AB now owns 14,095 shares of the construction company's stock valued at $1,588,000 after buying an additional 1,400 shares during the period. Hedge funds and other institutional investors own 81.81% of the company's stock.

UFP Industries Trading Down 0.1%

Shares of UFP Industries stock traded down $0.10 during mid-day trading on Friday, hitting $99.78. The stock had a trading volume of 1,985,618 shares, compared to its average volume of 363,228. The firm has a 50-day moving average of $99.51 and a two-hundred day moving average of $107.28. UFP Industries, Inc. has a 12-month low of $93.00 and a 12-month high of $141.33. The company has a quick ratio of 3.44, a current ratio of 4.96 and a debt-to-equity ratio of 0.07. The firm has a market cap of $6.03 billion, a P/E ratio of 16.33 and a beta of 1.49.

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

UFP Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were paid a $0.35 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $1.40 annualized dividend and a dividend yield of 1.40%. UFP Industries's dividend payout ratio (DPR) is 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.