UFP Industries, Inc. (NASDAQ:UFPI) Shares Sold by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. lessened its holdings in shares of UFP Industries, Inc. (NASDAQ:UFPI - Free Report) by 36.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 12,286 shares of the construction company's stock after selling 7,165 shares during the quarter. D. E. Shaw & Co. Inc.'s holdings in UFP Industries were worth $1,384,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of UFPI. Smartleaf Asset Management LLC lifted its holdings in UFP Industries by 1,683.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 535 shares of the construction company's stock valued at $60,000 after purchasing an additional 505 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in 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 in the last quarter. Kapitalo Investimentos Ltda bought a new stake in shares of UFP Industries during the 4th quarter valued at approximately $61,000. Principal Securities Inc. increased its holdings in shares of UFP Industries by 39.8% during the fourth quarter. Principal Securities Inc. now owns 615 shares of the construction company's stock worth $69,000 after buying an additional 175 shares in the last quarter. Finally, Kohmann Bosshard Financial Services LLC bought a new position in UFP Industries in the fourth quarter valued at about $106,000. 81.81% of the stock is currently owned by institutional investors.

UFP Industries Trading Down 1.1%

UFPI stock traded down $1.05 during trading on Wednesday, reaching $98.61. The company had a trading volume of 34,409 shares, compared to its average volume of 346,736. The company has a market cap of $5.96 billion, a P/E ratio of 14.57 and a beta of 1.54. The business has a 50 day moving average of $103.62 and a 200 day moving average of $112.94. UFP Industries, Inc. has a 52 week low of $95.90 and a 52 week high of $141.33. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.88 and a quick ratio of 3.25.

UFP Industries (NASDAQ:UFPI - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The construction company reported $1.30 earnings per share for the quarter, missing the consensus estimate of $1.57 by ($0.27). The firm had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.61 billion. UFP Industries had a net margin of 6.23% and a return on equity of 13.24%. UFP Industries's quarterly revenue was down 2.7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.96 earnings per share. As a group, sell-side analysts forecast that UFP Industries, Inc. will post 7.08 earnings per share for the current fiscal year.

UFP Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date of this dividend is Monday, June 2nd. UFP Industries's dividend payout ratio (DPR) is 22.91%.

Wall Street Analysts Forecast Growth

UFPI has been the topic of a number of recent analyst reports. Benchmark restated a "buy" rating and issued a $135.00 price target on shares of UFP Industries in a research report on Wednesday, February 19th. Wall Street Zen downgraded shares of UFP Industries from a "buy" rating to a "hold" rating in a research report on Wednesday, February 19th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $143.00.

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.