Bridgewater Advisors Inc. Makes New $211,000 Investment in UFP Industries, Inc. (NASDAQ:UFPI)

Bridgewater Advisors Inc. acquired a new position in UFP Industries, Inc. (NASDAQ:UFPI) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,106 shares of the construction company’s stock, valued at approximately $211,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Envestnet Portfolio Solutions Inc. increased its stake in shares of UFP Industries by 2.4% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 4,382 shares of the construction company’s stock valued at $494,000 after acquiring an additional 104 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in UFP Industries by 6.2% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,796 shares of the construction company’s stock worth $202,000 after buying an additional 105 shares during the period. Park Avenue Securities LLC grew its holdings in shares of UFP Industries by 6.5% in 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. Bridge City Capital LLC increased its stake in UFP Industries by 0.3% during the first quarter. Bridge City Capital LLC now owns 56,123 shares of the construction company’s stock worth $6,007,000 after acquiring an additional 145 shares during the last quarter. Finally, Avantax Advisory Services Inc. lifted its holdings in UFP Industries by 4.7% during the fourth quarter. Avantax Advisory Services Inc. now owns 3,286 shares of the construction company’s stock worth $370,000 after buying an additional 147 shares during the period. 81.81% of the stock is currently owned by institutional investors and hedge funds.

UFP Industries Stock Up 0.5%

UFPI stock opened at $102.36 on Friday. UFP Industries, Inc. has a one year low of $93.00 and a one year high of $141.33. The firm has a market cap of $6.18 billion, a PE ratio of 16.75 and a beta of 1.47. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.44 and a current ratio of 4.96. The firm’s 50 day moving average price is $100.14 and its 200-day moving average price is $106.12.

UFP Industries (NASDAQ:UFPI) last announced its quarterly earnings data on Monday, April 28th. The construction company reported $1.30 EPS for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.27). UFP Industries had a net margin of 5.64% and a return on equity of 11.78%. The company had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.61 billion. During the same period in the previous year, the firm posted $1.96 earnings per share. The business’s revenue for the quarter was down 2.7% on a year-over-year basis. On average, equities research analysts anticipate that UFP Industries, Inc. will post 7.08 EPS for the current year.

UFP Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 1.37%. The ex-dividend date of this dividend was Monday, June 2nd. UFP Industries’s dividend payout ratio is currently 22.91%.

UFP Industries Company 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.