SG Americas Securities LLC Purchases New Shares in UFP Industries, Inc. (NASDAQ:UFPI)

SG Americas Securities LLC purchased a new stake in UFP Industries, Inc. (NASDAQ:UFPI - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 5,029 shares of the construction company's stock, valued at approximately $538,000.

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

UFP Industries Price Performance

Shares of UFPI traded up $0.64 during trading hours on Thursday, hitting $99.88. The stock had a trading volume of 350,278 shares, compared to its average volume of 362,340. The stock has a market capitalization of $6.03 billion, a price-to-earnings ratio of 16.35 and a beta of 1.49. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.96 and a quick ratio of 3.44. The company's fifty day moving average is $99.61 and its two-hundred day moving average is $107.67. 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 released its quarterly 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). The firm 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%. UFP Industries's quarterly revenue was down 2.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.96 earnings per share. On average, analysts anticipate that UFP Industries, Inc. will post 7.08 EPS for the current 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 1.40%. The ex-dividend date of this dividend was Monday, June 2nd. UFP Industries's payout ratio is currently 22.91%.

UFP Industries Company 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.