14,333 Shares in UFP Industries, Inc. (NASDAQ:UFPI) Purchased by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. acquired a new position in shares of UFP Industries, Inc. (NASDAQ:UFPI - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 14,333 shares of the construction company's stock, valued at approximately $1,534,000.

A number of other large investors have also made changes to their positions in UFPI. Johnson Investment Counsel Inc. lifted its stake in UFP Industries by 32.8% during the first quarter. Johnson Investment Counsel Inc. now owns 26,425 shares of the construction company's stock worth $2,829,000 after purchasing an additional 6,520 shares during the period. State of Alaska Department of Revenue lifted its position in shares of UFP Industries by 2.7% during the 1st quarter. State of Alaska Department of Revenue now owns 7,115 shares of the construction company's stock worth $761,000 after buying an additional 190 shares during the period. Vista Finance LLC boosted its stake in UFP Industries by 7.9% in the 1st quarter. Vista Finance LLC now owns 2,567 shares of the construction company's stock valued at $275,000 after buying an additional 189 shares in the last quarter. apricus wealth LLC bought a new stake in UFP Industries in the first quarter valued at $214,000. Finally, Fifth Third Bancorp raised its stake in UFP Industries by 5.1% during the first quarter. Fifth Third Bancorp now owns 7,785 shares of the construction company's stock worth $833,000 after acquiring an additional 376 shares in the last quarter. Institutional investors and hedge funds own 81.81% of the company's stock.

UFP Industries Price Performance

Shares of NASDAQ UFPI traded up $6.11 during midday trading on Tuesday, reaching $105.47. 604,712 shares of the company traded hands, compared to its average volume of 364,188. UFP Industries, Inc. has a 12 month low of $93.00 and a 12 month high of $141.33. 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's 50-day simple moving average is $99.42 and its 200-day simple moving average is $106.93. The firm has a market cap of $6.37 billion, a PE ratio of 17.26 and a beta of 1.47.

UFP Industries (NASDAQ:UFPI - Get Free Report) last announced its quarterly earnings results on Monday, April 28th. The construction company reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.57 by ($0.27). The firm had revenue of $1.60 billion for the quarter, compared to the consensus estimate 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 period in the prior year, the business earned $1.96 earnings per share. As a group, equities analysts anticipate that UFP Industries, Inc. will post 7.08 earnings per share for the current fiscal year.

UFP Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 1.33%. The ex-dividend date of this dividend was Monday, June 2nd. UFP Industries's 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.