UFP Industries, Inc. (NASDAQ:UFPI) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. decreased its stake in UFP Industries, Inc. (NASDAQ:UFPI - Free Report) by 23.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 515,561 shares of the construction company's stock after selling 158,094 shares during the period. Victory Capital Management Inc. owned 0.85% of UFP Industries worth $55,186,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. FMR LLC boosted its stake in UFP Industries by 7.1% during the 4th quarter. FMR LLC now owns 1,751,264 shares of the construction company's stock worth $197,280,000 after purchasing an additional 115,687 shares during the period. T. Rowe Price Investment Management Inc. raised its position in UFP Industries by 39.1% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,546,745 shares of the construction company's stock worth $174,241,000 after buying an additional 435,155 shares during the last quarter. Franklin Resources Inc. raised its position in UFP Industries by 5.0% during the 4th quarter. Franklin Resources Inc. now owns 1,287,833 shares of the construction company's stock worth $145,074,000 after buying an additional 61,861 shares during the last quarter. Northern Trust Corp raised its position in UFP Industries by 9.7% during the 4th quarter. Northern Trust Corp now owns 1,111,147 shares of the construction company's stock worth $125,171,000 after buying an additional 98,533 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its position in UFP Industries by 14.4% during the 1st 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 during the last quarter. Institutional investors and hedge funds own 81.81% of the company's stock.

UFP Industries Stock Performance

UFP Industries stock traded down $1.30 during trading hours on Friday, reaching $101.06. 323,892 shares of the stock were exchanged, compared to its average volume of 370,500. The stock has a market cap of $6.10 billion, a P/E ratio of 16.54 and a beta of 1.47. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.44 and a current ratio of 4.96. UFP Industries, Inc. has a 52-week low of $93.00 and a 52-week high of $141.33. The firm's 50 day moving average is $100.22 and its 200 day moving average is $106.00.

UFP Industries (NASDAQ:UFPI - Get Free Report) last announced its quarterly earnings results on Monday, April 28th. The construction company reported $1.30 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.57 by ($0.27). The company had revenue of $1.60 billion during the quarter, compared to analysts' expectations of $1.61 billion. UFP Industries had a net margin of 5.64% and a return on equity of 11.78%. The business's revenue for the quarter was down 2.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.96 EPS. Analysts predict that UFP Industries, Inc. will post 7.08 EPS for the current fiscal year.

UFP Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were issued a $0.35 dividend. The ex-dividend date was Monday, June 2nd. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.39%. UFP Industries's dividend payout ratio is presently 22.91%.

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.