Oppenheimer Asset Management Inc. Invests $1.53 Million in UFP Industries, Inc. (NASDAQ:UFPI)

Oppenheimer Asset Management Inc. purchased a new position in shares of UFP Industries, Inc. (NASDAQ:UFPI) in the 1st quarter, Holdings Channel.com reports. The firm purchased 14,333 shares of the construction company’s stock, valued at approximately $1,534,000.

Other large investors have also modified their holdings of the company. GAMMA Investing LLC grew its holdings in UFP Industries by 22,107.5% during the first 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 during the period. Park Avenue Securities LLC grew its holdings in UFP Industries by 6.5% during the first quarter. Park Avenue Securities LLC now owns 2,221 shares of the construction company’s stock worth $238,000 after acquiring an additional 136 shares during the period. Gotham Asset Management LLC grew its holdings in UFP Industries by 28.1% during the fourth quarter. Gotham Asset Management LLC now owns 2,664 shares of the construction company’s stock worth $300,000 after acquiring an additional 584 shares during the period. SG Americas Securities LLC acquired a new position in UFP Industries during the first quarter worth $538,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in UFP Industries by 0.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 772,001 shares of the construction company’s stock worth $86,966,000 after acquiring an additional 2,160 shares during the period. Hedge funds and other institutional investors own 81.81% of the company’s stock.

UFP Industries Trading Down 0.1%

Shares of UFPI stock opened at $99.78 on Friday. The business’s fifty day moving average price is $99.51 and its 200 day moving average price is $107.46. UFP Industries, Inc. has a 1-year low of $93.00 and a 1-year high of $141.33. The firm has a market capitalization of $6.03 billion, a PE ratio of 16.33 and a beta of 1.49. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.96 and a quick ratio of 3.44.

UFP Industries (NASDAQ:UFPI) last posted its earnings results on Monday, April 28th. The construction company reported $1.30 earnings per share for the quarter, missing the consensus estimate of $1.57 by ($0.27). The firm had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.61 billion. UFP Industries had a net margin of 5.64% and a return on equity of 11.78%. The firm’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same period last year, the company posted $1.96 EPS. As a group, sell-side analysts forecast that UFP Industries, Inc. will post 7.08 EPS for the current fiscal year.

UFP Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 1.40%. The ex-dividend date was Monday, June 2nd. UFP Industries’s dividend payout ratio (DPR) is 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.