9,922 Shares in UFP Industries, Inc. $UFPI Bought by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. purchased a new position in shares of UFP Industries, Inc. (NASDAQ:UFPI) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 9,922 shares of the construction company’s stock, valued at approximately $1,062,000.

Other hedge funds have also recently modified their holdings of the company. Putney Financial Group LLC acquired a new stake in shares of UFP Industries during the fourth quarter worth $30,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in UFP Industries in the first quarter worth $36,000. Caitong International Asset Management Co. Ltd raised its position in UFP Industries by 39.9% in the first quarter. Caitong International Asset Management Co. Ltd now owns 417 shares of the construction company’s stock worth $45,000 after acquiring an additional 119 shares in the last quarter. UMB Bank n.a. raised its position in UFP Industries by 182.1% in the first quarter. UMB Bank n.a. now owns 567 shares of the construction company’s stock worth $61,000 after acquiring an additional 366 shares in the last quarter. Finally, Signaturefd LLC raised its position in UFP Industries by 222.5% in the first quarter. Signaturefd LLC now owns 816 shares of the construction company’s stock worth $87,000 after acquiring an additional 563 shares in the last quarter. 81.81% of the stock is owned by institutional investors and hedge funds.

UFP Industries Trading Up 2.7%

Shares of UFPI stock opened at $102.40 on Friday. UFP Industries, Inc. has a fifty-two week low of $93.00 and a fifty-two week high of $141.33. The stock has a market cap of $6.00 billion, a P/E ratio of 17.78 and a beta of 1.47. The business has a fifty day simple moving average of $102.24 and a 200-day simple moving average of $102.62. The company has a quick ratio of 3.16, a current ratio of 4.54 and a debt-to-equity ratio of 0.07.

UFP Industries (NASDAQ:UFPI) last announced its quarterly earnings results on Monday, July 28th. The construction company reported $1.70 earnings per share for the quarter, missing analysts’ consensus estimates 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 net margin of 5.31% and a return on equity of 10.95%. The company’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.05 EPS. On average, analysts forecast that UFP Industries, Inc. will post 7.08 earnings per share for the current fiscal year.

UFP Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Monday, September 1st will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend 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 presently 24.31%.

Analysts Set New Price Targets

Several research analysts have issued reports on UFPI shares. Zacks Research cut UFP Industries from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 19th. Loop Capital started coverage on UFP Industries in a research report on Wednesday, July 23rd. They issued a “hold” rating and a $112.00 price objective for the company. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $134.00.

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.