Natixis Advisors LLC Raises Stock Holdings in UFP Industries, Inc. (NASDAQ:UFPI)

Key Points

• Natixis Advisors LLC increased its holdings in UFP Industries by 28.3% during the 1st quarter, acquiring an additional 4,561 shares, bringing its total to 20,650 shares valued at approximately $2.21 million.
• The company recently reported a quarterly EPS of $1.70, missing estimates by $0.25, with a 3.5% year-over-year decline in revenue for the quarter.
• UFP Industries has declared a quarterly $0.35 dividend, which equates to an annualized rate of $1.40 and a yield of 1.4%, payable on Monday, September 15th.

Natixis Advisors LLC boosted its position in shares of UFP Industries, Inc. (NASDAQ:UFPI - Free Report) by 28.3% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,650 shares of the construction company's stock after purchasing an additional 4,561 shares during the quarter. Natixis Advisors LLC's holdings in UFP Industries were worth $2,210,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of UFPI. LPL Financial LLC increased its holdings in UFP Industries by 3.0% during the 4th quarter. LPL Financial LLC now owns 16,410 shares of the construction company's stock worth $1,849,000 after purchasing an additional 484 shares during the period. Envestnet Asset Management Inc. increased its holdings in UFP Industries by 13.4% during the 4th quarter. Envestnet Asset Management Inc. now owns 130,177 shares of the construction company's stock worth $14,664,000 after purchasing an additional 15,340 shares during the period. Russell Investments Group Ltd. increased its holdings in UFP Industries by 11.6% during the 4th quarter. Russell Investments Group Ltd. now owns 68,980 shares of the construction company's stock worth $7,771,000 after purchasing an additional 7,196 shares during the period. FMR LLC increased its holdings in UFP Industries by 7.1% during the 4th quarter. FMR LLC now owns 1,751,264 shares of the construction company's stock worth $197,280,000 after purchasing an additional 115,687 shares during the period. Finally, Bank of Montreal Can boosted its position in UFP Industries by 12.8% during the 4th quarter. Bank of Montreal Can now owns 6,375 shares of the construction company's stock valued at $718,000 after acquiring an additional 722 shares in the last quarter. 81.81% of the stock is currently owned by hedge funds and other institutional investors.

UFP Industries Stock Up 3.5%

Shares of NASDAQ:UFPI traded up $3.43 on Tuesday, reaching $101.94. The company had a trading volume of 51,826 shares, compared to its average volume of 438,177. UFP Industries, Inc. has a 52-week low of $93.00 and a 52-week high of $141.33. The firm's 50 day simple moving average is $100.66 and its 200-day simple moving average is $104.46. The firm has a market capitalization of $5.97 billion, a PE ratio of 17.67 and a beta of 1.43. The company has a current ratio of 4.54, a quick ratio of 3.16 and a debt-to-equity ratio of 0.07.

UFP Industries (NASDAQ:UFPI - Get Free Report) last posted its quarterly earnings data on Monday, July 28th. The construction company reported $1.70 earnings per share for the quarter, missing analysts' consensus estimates of $1.95 by ($0.25). The business had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.85 billion. UFP Industries had a return on equity of 10.95% and a net margin of 5.31%. The firm's revenue for the quarter was down 3.5% compared to the same quarter last year. During the same period in the previous year, the business earned $2.05 EPS. As a group, analysts expect that UFP Industries, Inc. will post 7.08 earnings per share for the current fiscal year.

UFP Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Monday, September 1st will be given a $0.35 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.4%. UFP Industries's dividend payout ratio (DPR) is presently 24.31%.

Analysts Set New Price Targets

Separately, Loop Capital started coverage on UFP Industries in a report on Wednesday, July 23rd. They issued a "hold" rating and a $112.00 price target on the stock.

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.