UFP Industries, Inc. (UFPI) to Distribute Quarterly Dividend of $0.36 on September 15th

UFP Industries, Inc. (NASDAQ:UFPI) declared a quarterly dividend on Wednesday, July 22nd. Shareholders of record on Tuesday, September 1st will be paid a dividend of 0.36 per share by the construction company on Tuesday, September 15th. This represents a c) annualized dividend and a yield of 1.7%. The ex-dividend date is Tuesday, September 1st.

UFP Industries has increased its dividend by an average of 0.2%per year over the last three years and has raised its dividend annually for the last 5 consecutive years. UFP Industries has a dividend payout ratio of 21.1% meaning its dividend is sufficiently covered by earnings. Analysts expect UFP Industries to earn $5.35 per share next year, which means the company should continue to be able to cover its $1.44 annual dividend with an expected future payout ratio of 26.9%.

UFP Industries Stock Down 0.6%

Shares of UFPI stock opened at $86.18 on Friday. UFP Industries has a 12 month low of $77.89 and a 12 month high of $118.00. The firm has a market cap of $4.87 billion, a PE ratio of 18.82 and a beta of 1.22. The stock has a 50 day moving average of $84.43 and a 200-day moving average of $93.31. The company has a quick ratio of 3.07, a current ratio of 4.64 and a debt-to-equity ratio of 0.07.

UFP Industries (NASDAQ:UFPI) last announced its quarterly earnings data on Wednesday, April 29th. The construction company reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.15 by ($0.26). UFP Industries had a return on equity of 8.50% and a net margin of 4.31%.The company had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.51 billion. During the same quarter in the previous year, the business posted $1.30 EPS. The company’s revenue was down 8.4% on a year-over-year basis. On average, equities analysts predict that UFP Industries will post 4.57 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of UFPI. Commonwealth Equity Services LLC boosted its holdings in shares of UFP Industries by 3.0% in the fourth quarter. Commonwealth Equity Services LLC now owns 3,197 shares of the construction company’s stock valued at $291,000 after buying an additional 92 shares during the period. Arkadios Wealth Advisors raised its holdings in shares of UFP Industries by 2.1% during the fourth quarter. Arkadios Wealth Advisors now owns 4,648 shares of the construction company’s stock worth $423,000 after acquiring an additional 97 shares during the period. Geneos Wealth Management Inc. raised its holdings in shares of UFP Industries by 54.8% during the second quarter. Geneos Wealth Management Inc. now owns 322 shares of the construction company’s stock worth $32,000 after acquiring an additional 114 shares during the period. SkyView Investment Advisors LLC lifted its position in UFP Industries by 1.3% in the 4th quarter. SkyView Investment Advisors LLC now owns 9,133 shares of the construction company’s stock valued at $832,000 after acquiring an additional 114 shares in the last quarter. Finally, ProShare Advisors LLC lifted its position in UFP Industries by 1.1% in the 4th quarter. ProShare Advisors LLC now owns 12,972 shares of the construction company’s stock valued at $1,181,000 after acquiring an additional 145 shares in the last quarter. 81.81% of the stock is owned by institutional investors.

About UFP Industries

UFP Industries, Inc, founded in 1955 and headquartered in Grand Rapids, Michigan, designs, manufactures, and distributes a broad range of wood and wood-alternative products. The company operates through two primary segments: UFP Retail Solutions, which supplies building materials and components to home improvement retailers and lumber dealers, and UFP Distribution Solutions, which offers packaging, pallets, skids, and other industrial products for a variety of end markets. Its product portfolio includes treated and untreated lumber, engineered wood, decking, railing, fencing, vinyl sheets and profiles, and custom-designed packaging solutions.

With manufacturing facilities and distribution centers across the United States, Canada, Mexico and Europe, UFP Industries serves professional contractors, industrial customers, and do-it-yourself consumers.