Teacher Retirement System of Texas Sells 13,787 Shares of UFP Industries, Inc. (NASDAQ:UFPI)

Teacher Retirement System of Texas reduced its holdings in UFP Industries, Inc. (NASDAQ:UFPI - Free Report) by 17.7% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 64,288 shares of the construction company's stock after selling 13,787 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.11% of UFP Industries worth $6,881,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of UFPI. GAMMA Investing LLC raised its holdings in shares of UFP Industries by 107.5% during the 1st quarter. GAMMA Investing LLC now owns 1,500 shares of the construction company's stock valued at $161,000 after purchasing an additional 777 shares in the last quarter. KBC Group NV grew its holdings in UFP Industries by 15.8% during the first quarter. KBC Group NV now owns 2,836 shares of the construction company's stock valued at $304,000 after purchasing an additional 386 shares during the period. Oppenheimer Asset Management Inc. bought a new stake in shares of UFP Industries in the first quarter worth $1,534,000. Park Avenue Securities LLC raised 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 worth $238,000 after acquiring an additional 136 shares in the last quarter. Finally, State of Alaska Department of Revenue increased its holdings in shares of UFP Industries by 2.7% in the first quarter. State of Alaska Department of Revenue now owns 7,115 shares of the construction company's stock valued at $761,000 after purchasing an additional 190 shares during the last quarter. 81.81% of the stock is currently owned by institutional investors.

UFP Industries Price Performance

Shares of UFPI stock traded up $1.63 on Tuesday, reaching $104.40. The company had a trading volume of 344,918 shares, compared to its average volume of 366,717. The business's 50-day moving average is $99.29 and its 200 day moving average is $106.50. The stock has a market capitalization of $6.31 billion, a PE ratio of 17.09 and a beta of 1.47. UFP Industries, Inc. has a one year low of $93.00 and a one year 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.

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 (EPS) for the quarter, missing the consensus estimate of $1.57 by ($0.27). The business 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 business's revenue for the quarter was down 2.7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.96 EPS. Equities research analysts forecast that UFP Industries, Inc. will post 7.08 EPS for the current fiscal year.

UFP Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were issued a $0.35 dividend. The ex-dividend date was Monday, June 2nd. This represents a $1.40 dividend on an annualized basis and a yield of 1.34%. UFP Industries's dividend payout ratio (DPR) is 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.