Empirical Financial Services LLC d.b.a. Empirical Wealth Management Purchases 1,074 Shares of UFP Industries, Inc. (NASDAQ:UFPI)

Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its position in shares of UFP Industries, Inc. (NASDAQ:UFPI) by 15.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 7,903 shares of the construction company’s stock after acquiring an additional 1,074 shares during the quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in UFP Industries were worth $890,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. UMB Bank n.a. raised its holdings in UFP Industries by 300.0% during the 3rd quarter. UMB Bank n.a. now owns 192 shares of the construction company’s stock valued at $25,000 after buying an additional 144 shares during the period. Signaturefd LLC raised its holdings in UFP Industries by 31.8% during the 3rd quarter. Signaturefd LLC now owns 315 shares of the construction company’s stock valued at $41,000 after buying an additional 76 shares during the period. Whittier Trust Co. of Nevada Inc. purchased a new stake in UFP Industries during the 3rd quarter valued at $70,000. GAMMA Investing LLC raised its holdings in UFP Industries by 25.8% during the 3rd quarter. GAMMA Investing LLC now owns 644 shares of the construction company’s stock valued at $84,000 after buying an additional 132 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in UFP Industries during the 3rd quarter valued at $94,000. Hedge funds and other institutional investors own 81.81% of the company’s stock.

Insider Activity

In other news, CEO Matthew J. Missad sold 15,000 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer now owns 314,450 shares in the company, valued at approximately $41,202,383.50. This trade represents a 4.55 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director William G. Currie sold 5,700 shares of the firm’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $126.59, for a total value of $721,563.00. Following the transaction, the director now owns 61,140 shares in the company, valued at approximately $7,739,712.60. This represents a 8.53 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.58% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on UFPI shares. Wedbush restated an “outperform” rating and set a $155.00 price target on shares of UFP Industries in a report 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 assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, UFP Industries presently has an average rating of “Moderate Buy” and an average target price of $148.00.

UFP Industries Stock Performance

UFPI stock opened at $116.79 on Wednesday. The company has a quick ratio of 3.25, a current ratio of 4.31 and a debt-to-equity ratio of 0.07. The business’s fifty day simple moving average is $121.22 and its two-hundred day simple moving average is $124.20. UFP Industries, Inc. has a twelve month low of $107.25 and a twelve month high of $141.33. The firm has a market cap of $7.09 billion, a price-to-earnings ratio of 16.06 and a beta of 1.45.

UFP Industries (NASDAQ:UFPI) last announced its quarterly earnings results on Monday, October 28th. The construction company reported $1.64 EPS for the quarter, missing the consensus estimate of $1.89 by ($0.25). The firm had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.76 billion. UFP Industries had a net margin of 6.70% and a return on equity of 14.45%. The business’s quarterly revenue was down 9.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.10 EPS. Analysts predict that UFP Industries, Inc. will post 6.88 earnings per share for the current year.

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.