XTX Topco Ltd Purchases 16,675 Shares of UFP Industries, Inc. (NASDAQ:UFPI)

XTX Topco Ltd increased its stake in UFP Industries, Inc. (NASDAQ:UFPI - Free Report) by 548.2% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 19,717 shares of the construction company's stock after acquiring an additional 16,675 shares during the period. XTX Topco Ltd's holdings in UFP Industries were worth $2,111,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Norges Bank purchased a new stake in UFP Industries in the fourth quarter worth $83,149,000. T. Rowe Price Investment Management Inc. lifted its holdings in UFP Industries by 39.1% in the fourth 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 period. Raymond James Financial Inc. bought a new stake in UFP Industries during the 4th quarter valued at approximately $30,457,000. First Trust Advisors LP grew its holdings in shares of UFP Industries by 39.3% during the 4th quarter. First Trust Advisors LP now owns 791,886 shares of the construction company's stock worth $89,206,000 after acquiring an additional 223,522 shares during the period. Finally, GAMMA Investing LLC raised its position in shares of UFP Industries by 22,107.5% in the 1st quarter. GAMMA Investing LLC now owns 160,560 shares of the construction company's stock worth $17,186,000 after acquiring an additional 159,837 shares in the last quarter. 81.81% of the stock is currently owned by institutional investors.

UFP Industries Stock Down 0.3%

NASDAQ:UFPI traded down $0.27 during mid-day trading on Friday, hitting $97.73. 371,757 shares of the company's stock were exchanged, compared to its average volume of 359,834. The company has a market cap of $5.90 billion, a PE ratio of 16.97 and a beta of 1.43. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.54 and a quick ratio of 3.44. UFP Industries, Inc. has a one year low of $93.00 and a one year high of $141.33. The business has a fifty day moving average price of $100.49 and a 200 day moving average price of $105.32.

UFP Industries (NASDAQ:UFPI - Get Free Report) last issued its quarterly 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). The company had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.85 billion. UFP Industries had a return on equity of 10.95% and a net margin of 5.31%. The business's revenue for the quarter was down 3.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.05 earnings per share. Equities analysts predict that UFP Industries, Inc. will post 7.08 EPS for the current year.

UFP Industries Dividend Announcement

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

Analyst Ratings Changes

Separately, Loop Capital began coverage on UFP Industries in a report on Wednesday, July 23rd. They issued 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.