3,971 Shares in UFP Industries, Inc. $UFPI Purchased by United Services Automobile Association

Key Points

• United Services Automobile Association has invested approximately $422,000 in UFP Industries, acquiring 3,971 shares during the 1st quarter.
• UFP Industries reported a net margin of 5.31% and earnings of $1.70 per share for the last quarter, falling short of analysts' estimates.
• The company declared a quarterly dividend of $0.35 per share, representing an annualized yield of 1.4%, payable on September 15th.

United Services Automobile Association acquired a new stake in UFP Industries, Inc. (NASDAQ:UFPI - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The fund acquired 3,971 shares of the construction company's stock, valued at approximately $422,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Great Lakes Advisors LLC boosted its holdings in shares of UFP Industries by 0.5% in the first quarter. Great Lakes Advisors LLC now owns 21,105 shares of the construction company's stock valued at $2,259,000 after buying an additional 105 shares during the period. Kestra Investment Management LLC boosted its stake in UFP Industries by 49.7% in the 1st quarter. Kestra Investment Management LLC now owns 5,262 shares of the construction company's stock worth $561,000 after purchasing an additional 1,748 shares during the period. Scientech Research LLC acquired a new position in UFP Industries in the 1st quarter worth $586,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in UFP Industries by 3.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,968 shares of the construction company's stock worth $3,850,000 after purchasing an additional 1,286 shares during the period. Finally, Integrated Wealth Concepts LLC boosted its stake in UFP Industries by 8.1% in the 1st quarter. Integrated Wealth Concepts LLC now owns 2,959 shares of the construction company's stock worth $317,000 after purchasing an additional 221 shares during the period. 81.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently weighed in on UFPI. Loop Capital assumed 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. Zacks Research downgraded 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 given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, UFP Industries currently has a consensus rating of "Hold" and a consensus price target of $134.00.

UFP Industries Trading Up 0.8%

UFP Industries stock traded up $0.76 during trading hours on Wednesday, reaching $99.07. 52,888 shares of the company's stock were exchanged, compared to its average volume of 420,282. The firm has a market capitalization of $5.80 billion, a PE ratio of 17.28 and a beta of 1.47. 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 3.16, a current ratio of 4.54 and a debt-to-equity ratio of 0.07. The firm's 50 day simple moving average is $101.90 and its 200 day simple moving average is $102.39.

UFP Industries (NASDAQ:UFPI - Get Free Report) last issued its earnings results on Monday, July 28th. The construction company reported $1.70 EPS for the quarter, missing the consensus estimate of $1.95 by ($0.25). The firm 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 quarterly revenue was down 3.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.05 earnings per share. Research analysts predict that UFP Industries, Inc. will post 7.08 earnings per share for the current year.

UFP Industries Announces Dividend

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