Swiss National Bank Lowers Stock Position in UFP Industries, Inc. (NASDAQ:UFPI)

Swiss National Bank trimmed its holdings in UFP Industries, Inc. (NASDAQ:UFPI) by 1.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 117,650 shares of the construction company’s stock after selling 2,100 shares during the quarter. Swiss National Bank owned approximately 0.19% of UFP Industries worth $12,593,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Putney Financial Group LLC purchased a new position in UFP Industries during the 4th quarter worth $30,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of UFP Industries during the first quarter worth about $36,000. Kapitalo Investimentos Ltda acquired a new position in UFP Industries in the 4th quarter valued at about $61,000. UMB Bank n.a. increased its position in UFP Industries by 182.1% in 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 during the period. Finally, Signaturefd LLC raised its stake 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 during the last quarter. Hedge funds and other institutional investors own 81.81% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Loop Capital started coverage on UFP Industries in a research note on Wednesday, July 23rd. They issued a “hold” rating and a $112.00 target price on the stock.

UFP Industries Stock Down 3.0%

Shares of NASDAQ:UFPI opened at $103.08 on Friday. UFP Industries, Inc. has a fifty-two week low of $93.00 and a fifty-two week 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 $101.05 and its 200-day simple moving average is $104.36. The company has a market cap of $6.04 billion, a price-to-earnings ratio of 17.90 and a beta of 1.43.

UFP Industries (NASDAQ:UFPI) last announced its quarterly earnings data 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 firm had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.85 billion. During the same quarter in the previous year, the business earned $2.05 EPS. UFP Industries’s revenue for the quarter was down 3.5% on a year-over-year basis. As a group, equities research analysts predict that UFP Industries, Inc. will post 7.08 earnings per share for the current year.

UFP Industries Announces Dividend

The firm also recently declared 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. 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 payout ratio is 24.31%.

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.