Advantage Alpha Capital Partners LP Has $4.64 Million Stock Position in UFP Industries, Inc. $UFPI

Key Points

• Advantage Alpha Capital Partners LP increased its stake in UFP Industries by 32.8% during the first quarter, now owning 43,306 shares valued at approximately $4.6 million.
• UFP Industries reported earnings of $1.70 per share, missing analysts' estimates of $1.95, with quarterly revenue also slightly lower than expected at $1.84 billion.
• The company announced a quarterly dividend of $0.35 per share, with an ex-dividend date of August 29th, representing a 1.4% yield.

Advantage Alpha Capital Partners LP grew its position in UFP Industries, Inc. (NASDAQ:UFPI - Free Report) by 32.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 43,306 shares of the construction company's stock after buying an additional 10,696 shares during the quarter. Advantage Alpha Capital Partners LP owned 0.07% of UFP Industries worth $4,637,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Putney Financial Group LLC acquired a new position in shares of UFP Industries in the 4th quarter valued at approximately $30,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of UFP Industries in the 1st quarter valued at approximately $36,000. Caitong International Asset Management Co. Ltd raised its position in shares of UFP Industries by 39.9% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 417 shares of the construction company's stock valued at $45,000 after buying an additional 119 shares in the last quarter. Kapitalo Investimentos Ltda acquired a new position in shares of UFP Industries in the 4th quarter valued at approximately $61,000. Finally, UMB Bank n.a. raised its position in shares of UFP Industries by 182.1% in the 1st quarter. UMB Bank n.a. now owns 567 shares of the construction company's stock valued at $61,000 after buying 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

UFPI stock traded up $7.46 during trading on Friday, reaching $107.08. 495,943 shares of the company were exchanged, compared to its average volume of 351,891. The company has a 50-day moving average of $101.56 and a two-hundred day moving average of $103.57. The company has a market capitalization of $6.27 billion, a price-to-earnings ratio of 18.59 and a beta of 1.43. UFP Industries, Inc. has a twelve month low of $93.00 and a twelve month high of $141.33. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.54 and a quick ratio of 3.16.

UFP Industries (NASDAQ:UFPI - Get Free Report) last released its quarterly earnings data 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 company had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.85 billion. UFP Industries had a return on equity of 10.95% and a net margin of 5.31%.UFP Industries's revenue for the quarter was down 3.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.05 earnings per share. As a group, equities analysts predict that UFP Industries, Inc. will post 7.08 earnings per share for the current fiscal year.

UFP Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Monday, September 1st will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 1.3%. The ex-dividend date is Friday, August 29th. UFP Industries's dividend payout ratio is 24.31%.

Wall Street Analyst Weigh In

UFPI has been the subject of several analyst reports. Loop Capital initiated coverage on shares of UFP Industries in a research report on Wednesday, July 23rd. They issued a "hold" rating and a $112.00 target price for the company. Zacks Research cut shares of UFP Industries from a "hold" rating to a "strong sell" rating in a research report on Tuesday, August 19th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $134.00.

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.