UFP Industries, Inc. (NASDAQ:UFPI) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp reduced its holdings in shares of UFP Industries, Inc. (NASDAQ:UFPI - Free Report) by 4.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 551,264 shares of the construction company's stock after selling 26,568 shares during the period. Bank of New York Mellon Corp owned 0.91% of UFP Industries worth $59,007,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of UFPI. Envestnet Portfolio Solutions Inc. grew its stake in UFP Industries by 2.4% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 4,382 shares of the construction company's stock valued at $494,000 after acquiring an additional 104 shares during the period. Mitsubishi UFJ Trust & Banking Corp lifted its position in UFP Industries by 6.2% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,796 shares of the construction company's stock valued at $202,000 after purchasing an additional 105 shares during the period. Park Avenue Securities LLC increased its holdings in UFP Industries by 6.5% in the first quarter. Park Avenue Securities LLC now owns 2,221 shares of the construction company's stock valued at $238,000 after buying an additional 136 shares in the last quarter. Bridge City Capital LLC increased its stake in shares of UFP Industries by 0.3% during the 1st quarter. Bridge City Capital LLC now owns 56,123 shares of the construction company's stock worth $6,007,000 after purchasing an additional 145 shares in the last quarter. Finally, Avantax Advisory Services Inc. grew its stake in shares of UFP Industries by 4.7% during the 4th quarter. Avantax Advisory Services Inc. now owns 3,286 shares of the construction company's stock valued at $370,000 after buying an additional 147 shares during the period. 81.81% of the stock is currently owned by institutional investors.

UFP Industries Stock Down 3.3%

Shares of NASDAQ:UFPI traded down $3.50 on Tuesday, reaching $101.29. The company had a trading volume of 240,106 shares, compared to its average volume of 369,816. UFP Industries, Inc. has a twelve month low of $93.00 and a twelve month 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. The stock has a market capitalization of $6.12 billion, a P/E ratio of 16.58 and a beta of 1.47. The stock has a 50-day moving average price of $99.80 and a 200 day moving average price of $106.31.

UFP Industries (NASDAQ:UFPI - Get Free Report) last released its quarterly earnings data 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 the consensus estimate 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 in the prior year, the company earned $1.96 EPS. On average, equities analysts expect that UFP Industries, Inc. will post 7.08 EPS for the current 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 given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date was Monday, June 2nd. UFP Industries's payout ratio 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.