Universal Beteiligungs und Servicegesellschaft mbH Makes New $1.20 Million Investment in UFP Industries, Inc. (NASDAQ:UFPI)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH purchased 11,192 shares of UFP Industries, Inc., worth approximately $1,198,000, in the first quarter, according to a recent SEC filing.
• UFP Industries reported a quarterly earnings per share of $1.70, missing the consensus estimate of $1.95, with a 3.5% decline in revenue year-over-year.
• The company announced a $0.35 quarterly dividend payable on September 15, with a yield of 1.4% and a payout ratio of 24.31%.

Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in UFP Industries, Inc. (NASDAQ:UFPI - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 11,192 shares of the construction company's stock, valued at approximately $1,198,000.

Other hedge funds also recently bought and sold shares of the company. Putney Financial Group LLC purchased a new stake in shares of UFP Industries in the fourth quarter worth about $30,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of UFP Industries in the first quarter worth approximately $36,000. Kapitalo Investimentos Ltda bought a new position in UFP Industries in the fourth quarter worth approximately $61,000. UMB Bank n.a. boosted its position in UFP Industries by 182.1% during the 1st quarter. UMB Bank n.a. now owns 567 shares of the construction company's stock valued at $61,000 after acquiring an additional 366 shares in the last quarter. Finally, Signaturefd LLC boosted its position in UFP Industries by 222.5% during the 1st quarter. Signaturefd LLC now owns 816 shares of the construction company's stock valued at $87,000 after acquiring an additional 563 shares in the last quarter. Hedge funds and other institutional investors own 81.81% of the company's stock.

UFP Industries Stock Performance

Shares of NASDAQ UFPI traded up $0.90 during trading on Tuesday, reaching $99.42. 74,849 shares of the company traded hands, compared to its average volume of 442,230. The firm's fifty day simple moving average is $100.53 and its 200 day simple moving average is $105.11. The stock has a market cap of $6.00 billion, a P/E ratio of 17.27 and a beta of 1.43. UFP Industries, Inc. has a 12-month low of $93.00 and a 12-month high of $141.33. The company has a current ratio of 4.54, a quick ratio of 3.16 and a debt-to-equity ratio of 0.07.

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

UFP Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Monday, September 1st will be given a dividend of $0.35 per share. The ex-dividend date is Friday, August 29th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.4%. UFP Industries's dividend payout ratio (DPR) is 24.31%.

Analyst Ratings Changes

Separately, Loop Capital started coverage on UFP Industries in a report on Wednesday, July 23rd. They set a "hold" rating and a $112.00 price objective for the company.

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.