Copeland Capital Management LLC Cuts Stake in UFP Industries, Inc. (NASDAQ:UFPI)

Copeland Capital Management LLC lessened its holdings in shares of UFP Industries, Inc. (NASDAQ:UFPI - Free Report) by 2.3% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 535,382 shares of the construction company's stock after selling 12,722 shares during the quarter. Copeland Capital Management LLC owned approximately 0.88% of UFP Industries worth $57,307,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in UFPI. GAMMA Investing LLC lifted its holdings in UFP Industries by 22,107.5% in the first quarter. GAMMA Investing LLC now owns 160,560 shares of the construction company's stock worth $17,186,000 after buying an additional 159,837 shares during the period. Oppenheimer Asset Management Inc. purchased a new position in shares of UFP Industries in the 1st quarter valued at approximately $1,534,000. Park Avenue Securities LLC lifted its stake in shares of UFP Industries by 6.5% in the 1st 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. State of Alaska Department of Revenue boosted its position in shares of UFP Industries by 2.7% during 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 in the last quarter. Finally, Gotham Asset Management LLC grew its stake in 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 purchasing an additional 584 shares during the period. Hedge funds and other institutional investors own 81.81% of the company's stock.

UFP Industries Stock Up 6.1%

Shares of UFPI stock traded up $6.11 during mid-day trading on Tuesday, reaching $105.47. 600,747 shares of the company's stock traded hands, compared to its average volume of 364,477. The company's 50-day moving average price is $99.44 and its 200-day moving average price is $106.95. The company has a market cap of $6.37 billion, a P/E ratio of 17.26 and a beta of 1.49. 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, Inc. has a 12 month low of $93.00 and a 12 month high of $141.33.

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

UFP Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were paid a $0.35 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $1.40 annualized dividend and a dividend yield of 1.33%. 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.