Moran Wealth Management LLC Reduces Position in UFP Industries, Inc. (NASDAQ:UFPI)

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

A number of other institutional investors and hedge funds have also modified their holdings of UFPI. Putney Financial Group LLC bought a new position in shares of UFP Industries during the fourth quarter valued at $30,000. Smartleaf Asset Management LLC raised its position in UFP Industries by 1,683.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 535 shares of the construction company's stock worth $60,000 after buying an additional 505 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in UFP Industries by 357.8% during the 4th quarter. Jones Financial Companies Lllp now owns 531 shares of the construction company's stock valued at $60,000 after acquiring an additional 415 shares during the period. Kapitalo Investimentos Ltda bought a new position in UFP Industries during the 4th quarter valued at about $61,000. Finally, UMB Bank n.a. boosted its holdings in shares of UFP Industries by 182.1% during the 1st quarter. UMB Bank n.a. now owns 567 shares of the construction company's stock valued at $61,000 after acquiring an additional 366 shares during the last quarter. Institutional investors own 81.81% of the company's stock.

UFP Industries Stock Performance

NASDAQ:UFPI traded up $0.64 during trading hours on Thursday, reaching $99.88. The company had a trading volume of 350,278 shares, compared to its average volume of 363,284. The firm has a market cap of $6.03 billion, a price-to-earnings ratio of 16.35 and a beta of 1.49. The company has a current ratio of 4.96, a quick ratio of 3.44 and a debt-to-equity ratio of 0.07. The firm's 50 day moving average price is $99.71 and its 200-day moving average price is $107.90. UFP Industries, Inc. has a 52 week low of $94.60 and a 52 week high of $141.33.

UFP Industries (NASDAQ:UFPI - Get Free Report) last issued its quarterly earnings data on Monday, April 28th. The construction company reported $1.30 EPS for the quarter, missing the consensus estimate of $1.57 by ($0.27). The firm 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 business's revenue was down 2.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.96 EPS. On average, analysts forecast that UFP Industries, Inc. will post 7.08 EPS for the current year.

UFP Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 16th. Shareholders 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 1.40%. UFP Industries's dividend payout ratio is currently 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.