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

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

A number of other large investors have also recently added to or reduced their stakes in UFPI. LPL Financial LLC lifted its holdings in shares of UFP Industries by 3.0% in the fourth quarter. LPL Financial LLC now owns 16,410 shares of the construction company's stock valued at $1,849,000 after purchasing an additional 484 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of UFP Industries by 10.7% during the 4th quarter. JPMorgan Chase & Co. now owns 698,684 shares of the construction company's stock worth $78,707,000 after purchasing an additional 67,280 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its stake in UFP Industries by 10.5% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 8,741 shares of the construction company's stock valued at $985,000 after buying an additional 832 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in UFP Industries by 13.7% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 11,099 shares of the construction company's stock valued at $1,250,000 after buying an additional 1,339 shares in the last quarter. Finally, Huntington National Bank grew its holdings in UFP Industries by 19.3% during the 4th quarter. Huntington National Bank now owns 1,882 shares of the construction company's stock valued at $212,000 after buying an additional 304 shares during the last quarter. 81.81% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

UFP Industries Stock Performance

NASDAQ:UFPI opened at $97.73 on Friday. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.54 and a quick ratio of 3.44. The firm has a market cap of $5.90 billion, a PE ratio of 16.97 and a beta of 1.43. The firm has a 50 day simple moving average of $100.49 and a 200-day simple moving average of $105.40. UFP Industries, Inc. has a 1-year low of $93.00 and a 1-year high of $141.33.

UFP Industries (NASDAQ:UFPI - Get Free Report) last released 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 analysts' expectations of $1.85 billion. UFP Industries had a return on equity of 10.95% and a net margin of 5.31%. The firm's revenue was down 3.5% on a year-over-year basis. During the same period in the previous year, the firm posted $2.05 earnings per share. On average, equities analysts expect that UFP Industries, Inc. will post 7.08 EPS for the current year.

UFP Industries Announces Dividend

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

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.

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