SG Americas Securities LLC Invests $538,000 in UFP Industries, Inc. (NASDAQ:UFPI)

SG Americas Securities LLC acquired a new position in shares of UFP Industries, Inc. (NASDAQ:UFPI - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 5,029 shares of the construction company's stock, valued at approximately $538,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. GAMMA Investing LLC lifted its position in UFP Industries by 22,107.5% during the first quarter. GAMMA Investing LLC now owns 160,560 shares of the construction company's stock valued at $17,186,000 after purchasing an additional 159,837 shares during the period. Park Avenue Securities LLC lifted its position in UFP Industries by 6.5% during the first quarter. Park Avenue Securities LLC now owns 2,221 shares of the construction company's stock valued at $238,000 after purchasing an additional 136 shares during the period. CIBC Asset Management Inc lifted its position in UFP Industries by 5.4% during the fourth 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 period. Gotham Asset Management LLC raised its position in shares of UFP Industries by 28.1% in the fourth quarter. Gotham Asset Management LLC now owns 2,664 shares of the construction company's stock worth $300,000 after acquiring an additional 584 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in shares of UFP Industries by 0.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 772,001 shares of the construction company's stock worth $86,966,000 after acquiring an additional 2,160 shares during the period. 81.81% of the stock is currently owned by institutional investors and hedge funds.

UFP Industries Trading Up 1.3%

Shares of UFP Industries stock opened at $96.33 on Monday. The firm has a 50-day simple moving average of $100.04 and a two-hundred day simple moving average of $108.24. The company has a market cap of $5.82 billion, a P/E ratio of 15.77 and a beta of 1.49. UFP Industries, Inc. has a fifty-two week low of $94.60 and a fifty-two week 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.

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

UFP Industries Dividend Announcement

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 was Monday, June 2nd. This represents a $1.40 annualized dividend and a dividend yield of 1.45%. UFP Industries's dividend payout ratio (DPR) is 22.91%.

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.

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