UFP Industries, Inc. $UFPI Shares Bought by Jane Street Group LLC

Key Points

• Jane Street Group LLC significantly increased its holdings in UFP Industries, Inc. by 414.9%, acquiring an additional 97,274 shares, bringing their total to approximately 120,718 shares valued at $12.9 million.
• UFP Industries reported a miss in its quarterly earnings, with earnings per share (EPS) of $1.70 compared to analysts' expectations of $1.95, and a revenue decline of 3.5% compared to the previous year.
• The company's recently declared quarterly dividend of $0.35 represents a 1.4% dividend yield and a payout ratio of 24.31%.

Jane Street Group LLC raised its position in UFP Industries, Inc. (NASDAQ:UFPI - Free Report) by 414.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 120,718 shares of the construction company's stock after acquiring an additional 97,274 shares during the quarter. Jane Street Group LLC owned approximately 0.20% of UFP Industries worth $12,922,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Kayne Anderson Rudnick Investment Management LLC grew its position in UFP Industries by 17.9% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,751,399 shares of the construction company's stock valued at $401,550,000 after acquiring an additional 568,741 shares in the last quarter. Dimensional Fund Advisors LP grew its position in UFP Industries by 1.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,917,463 shares of the construction company's stock valued at $205,237,000 after acquiring an additional 25,903 shares in the last quarter. Boston Partners grew its position in UFP Industries by 118.6% in the 1st quarter. Boston Partners now owns 1,469,300 shares of the construction company's stock valued at $157,270,000 after acquiring an additional 797,069 shares in the last quarter. Northern Trust Corp grew its position in UFP Industries by 1.6% in the 1st quarter. Northern Trust Corp now owns 1,129,244 shares of the construction company's stock valued at $120,874,000 after acquiring an additional 18,097 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its position in shares of UFP Industries by 14.4% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,051,613 shares of the construction company's stock worth $112,112,000 after buying an additional 132,595 shares in the last quarter. 81.81% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently commented on UFPI. Zacks Research downgraded UFP Industries from a "hold" rating to a "strong sell" rating in a research report on Tuesday, August 19th. Loop Capital began coverage on UFP Industries in a research report on Wednesday, July 23rd. They set a "hold" rating and a $112.00 price objective for the company. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $134.00.

UFP Industries Stock Performance

Shares of UFPI opened at $99.29 on Tuesday. The stock has a 50 day moving average price of $102.03 and a 200 day moving average price of $102.42. The company has a quick ratio of 3.16, a current ratio of 4.54 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $5.82 billion, a price-to-earnings ratio of 17.24 and a beta of 1.47. UFP Industries, Inc. has a 52-week low of $93.00 and a 52-week high of $141.33.

UFP Industries (NASDAQ:UFPI - Get Free Report) last announced its quarterly earnings results on Monday, July 28th. The construction company reported $1.70 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.95 by ($0.25). The business had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.85 billion. UFP Industries had a net margin of 5.31% and a return on equity of 10.95%. The business's revenue for the quarter was down 3.5% compared to the same quarter last year. During the same period last year, the company earned $2.05 earnings per share. Research analysts predict that UFP Industries, Inc. will post 7.08 EPS for the current fiscal year.

UFP Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Monday, September 1st were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Friday, August 29th. UFP Industries's dividend payout ratio is presently 24.31%.

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.

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