UFP Industries, Inc. (NASDAQ:UFPI) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas reduced its position in shares of UFP Industries, Inc. (NASDAQ:UFPI - Free Report) by 17.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 64,288 shares of the construction company's stock after selling 13,787 shares during the period. Teacher Retirement System of Texas owned 0.11% of UFP Industries worth $6,881,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Putney Financial Group LLC purchased a new stake in shares of UFP Industries during the fourth quarter worth $30,000. Jones Financial Companies Lllp raised its holdings in shares of UFP Industries by 357.8% in the fourth quarter. Jones Financial Companies Lllp now owns 531 shares of the construction company's stock valued at $60,000 after buying an additional 415 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings 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 purchasing an additional 505 shares in the last quarter. Kapitalo Investimentos Ltda purchased a new position in UFP Industries during the fourth quarter worth about $61,000. Finally, UMB Bank n.a. raised its holdings in UFP Industries by 182.1% during the first quarter. UMB Bank n.a. now owns 567 shares of the construction company's stock worth $61,000 after purchasing an additional 366 shares in the last quarter. 81.81% of the stock is currently owned by institutional investors and hedge funds.

UFP Industries Price Performance

UFP Industries stock traded up $1.70 during mid-day trading on Thursday, reaching $108.49. The company had a trading volume of 459,992 shares, compared to its average volume of 454,600. UFP Industries, Inc. has a 1 year low of $93.00 and a 1 year high of $141.33. 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 has a market capitalization of $6.55 billion, a P/E ratio of 17.76 and a beta of 1.47. The stock's 50-day simple moving average is $99.53 and its 200-day simple moving average is $106.49.

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 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 firm's revenue for the quarter was down 2.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.96 earnings per share. On average, equities analysts predict that UFP Industries, Inc. will post 7.08 EPS for the current year.

UFP Industries Announces Dividend

The business also recently declared 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 of this dividend was Monday, June 2nd. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.29%. UFP Industries's dividend payout ratio (DPR) is presently 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.