9,819 Shares in UFP Industries, Inc. (NASDAQ:UFPI) Purchased by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. bought a new position in shares of UFP Industries, Inc. (NASDAQ:UFPI) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 9,819 shares of the construction company’s stock, valued at approximately $1,051,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC boosted its holdings in shares of UFP Industries by 107.5% in the 1st quarter. GAMMA Investing LLC now owns 1,500 shares of the construction company’s stock worth $161,000 after purchasing an additional 777 shares in the last quarter. KBC Group NV boosted its holdings in shares of UFP Industries by 15.8% in the 1st quarter. KBC Group NV now owns 2,836 shares of the construction company’s stock worth $304,000 after purchasing an additional 386 shares in the last quarter. Oppenheimer Asset Management Inc. purchased a new position in shares of UFP Industries in the 1st quarter worth about $1,534,000. Park Avenue Securities LLC boosted its holdings in shares of UFP Industries by 6.5% in the 1st quarter. Park Avenue Securities LLC now owns 2,221 shares of the construction company’s stock worth $238,000 after purchasing an additional 136 shares in the last quarter. Finally, State of Alaska Department of Revenue boosted its holdings in shares of UFP Industries by 2.7% in the 1st quarter. State of Alaska Department of Revenue now owns 7,115 shares of the construction company’s stock worth $761,000 after purchasing an additional 190 shares in the last quarter. 81.81% of the stock is currently owned by hedge funds and other institutional investors.

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 objective for the company.

UFP Industries Trading Up 0.8%

NASDAQ UFPI opened at $98.52 on Tuesday. UFP Industries, Inc. has a 1-year low of $93.00 and a 1-year high of $141.33. The company has a current ratio of 4.54, a quick ratio of 3.16 and a debt-to-equity ratio of 0.07. The stock has a 50-day moving average of $100.53 and a 200-day moving average of $105.11. The firm has a market cap of $5.95 billion, a PE ratio of 17.10 and a beta of 1.43.

UFP Industries (NASDAQ:UFPI) last released its 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). UFP Industries had a net margin of 5.31% and a return on equity of 10.95%. The company had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.85 billion. During the same period last year, the firm posted $2.05 EPS. The company’s revenue was down 3.5% on a year-over-year basis. As a group, sell-side analysts forecast that UFP Industries, Inc. will post 7.08 EPS for the current year.

UFP Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Monday, September 1st will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, August 29th. 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.