8,200 Shares in UFP Industries, Inc. (NASDAQ:UFPI) Bought by Shaker Investments LLC OH

Shaker Investments LLC OH purchased a new stake in shares of UFP Industries, Inc. (NASDAQ:UFPI) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 8,200 shares of the construction company’s stock, valued at approximately $924,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. FMR LLC boosted its position in UFP Industries by 13.4% during the 3rd quarter. FMR LLC now owns 1,635,577 shares of the construction company’s stock worth $214,604,000 after purchasing an additional 193,891 shares during the period. Franklin Resources Inc. grew its position in UFP Industries by 18.2% in the third quarter. Franklin Resources Inc. now owns 1,225,972 shares of the construction company’s stock valued at $169,675,000 after acquiring an additional 188,969 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in shares of UFP Industries by 216.3% during the third quarter. Assenagon Asset Management S.A. now owns 202,124 shares of the construction company’s stock valued at $26,521,000 after purchasing an additional 138,215 shares during the period. Wasatch Advisors LP lifted its position in shares of UFP Industries by 16.1% during the third quarter. Wasatch Advisors LP now owns 590,712 shares of the construction company’s stock worth $77,507,000 after purchasing an additional 81,950 shares in the last quarter. Finally, Barclays PLC boosted its stake in shares of UFP Industries by 109.0% in the third quarter. Barclays PLC now owns 135,996 shares of the construction company’s stock valued at $17,844,000 after purchasing an additional 70,927 shares during the period. 81.81% of the stock is currently owned by institutional investors and hedge funds.

UFP Industries Stock Performance

UFPI opened at $116.46 on Tuesday. The company has a current ratio of 4.31, a quick ratio of 3.25 and a debt-to-equity ratio of 0.07. The business’s 50 day moving average is $117.95 and its 200-day moving average is $123.83. The stock has a market cap of $7.07 billion, a PE ratio of 16.02 and a beta of 1.45. UFP Industries, Inc. has a twelve month low of $107.25 and a twelve month high of $141.33.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Wedbush reaffirmed an “outperform” rating and set a $155.00 price target on shares of UFP Industries in a research note on Monday, November 4th. StockNews.com upgraded UFP Industries from a “hold” rating to a “buy” rating in a research note on Tuesday, December 3rd. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, UFP Industries presently has an average rating of “Moderate Buy” and an average target price of $148.00.

Insider Buying and Selling at UFP Industries

In related news, Director William G. Currie sold 5,700 shares of the stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $126.59, for a total transaction of $721,563.00. Following the completion of the sale, the director now directly owns 61,140 shares of the company’s stock, valued at $7,739,712.60. This represents a 8.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Matthew J. Missad sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $131.03, for a total transaction of $1,965,450.00. Following the sale, the chief executive officer now owns 314,450 shares of the company’s stock, valued at $41,202,383.50. The trade was a 4.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.58% of the stock is owned by company insiders.

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.