Narwhal Capital Management bought a new stake in shares of UFP Industries, Inc. (NASDAQ:UFPI - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 39,434 shares of the construction company's stock, valued at approximately $4,221,000. Narwhal Capital Management owned 0.06% of UFP Industries as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently modified their holdings of the company. Principal Securities Inc. increased its stake in UFP Industries by 39.8% in the fourth quarter. Principal Securities Inc. now owns 615 shares of the construction company's stock valued at $69,000 after acquiring an additional 175 shares during the last quarter. Principal Financial Group Inc. increased 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 purchasing an additional 576 shares during the last quarter. CIBC Asset Management Inc increased 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 purchasing an additional 97 shares during the last quarter. D.A. Davidson & CO. raised its holdings in shares of UFP Industries by 74.8% during the 4th quarter. D.A. Davidson & CO. now owns 6,222 shares of the construction company's stock worth $701,000 after buying an additional 2,663 shares in the last quarter. Finally, Handelsbanken Fonder AB lifted its position in shares of UFP Industries by 11.0% during the 4th quarter. Handelsbanken Fonder AB now owns 14,095 shares of the construction company's stock worth $1,588,000 after buying an additional 1,400 shares during the last quarter. Institutional investors own 81.81% of the company's stock.
UFP Industries Stock Performance
NASDAQ:UFPI opened at $99.74 on Tuesday. UFP Industries, Inc. has a twelve month low of $94.60 and a twelve 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 stock's 50-day simple moving average is $99.89 and its 200 day simple moving average is $108.01. The firm has a market capitalization of $6.02 billion, a PE ratio of 16.32 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 analysts' consensus estimates of $1.57 by ($0.27). The company had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.61 billion. UFP Industries had a net margin of 5.64% and a return on equity of 11.78%. The company's revenue for the quarter was down 2.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.96 earnings per share. On average, analysts anticipate that UFP Industries, Inc. will post 7.08 EPS for the current fiscal year.
UFP Industries Announces Dividend
The business also recently announced 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 of this dividend was Monday, June 2nd. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.40%. UFP Industries's payout ratio is presently 22.91%.
About UFP Industries
(
Free Report)
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.
Further Reading
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