Vest Financial LLC Acquires 10,206 Shares of UFP Industries, Inc. (NASDAQ:UFPI)

Vest Financial LLC boosted its holdings in shares of UFP Industries, Inc. (NASDAQ:UFPI) by 89.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,588 shares of the construction company’s stock after acquiring an additional 10,206 shares during the period. Vest Financial LLC’s holdings in UFP Industries were worth $2,432,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. JPMorgan Chase & Co. raised its position in shares of UFP Industries by 10.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 631,404 shares of the construction company’s stock worth $82,847,000 after purchasing an additional 60,859 shares during the last quarter. Citigroup Inc. boosted its stake in UFP Industries by 50.7% during the 3rd quarter. Citigroup Inc. now owns 119,426 shares of the construction company’s stock valued at $15,670,000 after purchasing an additional 40,162 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of UFP Industries by 0.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 769,841 shares of the construction company’s stock worth $101,011,000 after purchasing an additional 4,006 shares during the last quarter. Seizert Capital Partners LLC increased its holdings in UFP Industries by 85.5% in the 3rd quarter. Seizert Capital Partners LLC now owns 34,623 shares of the construction company’s stock worth $4,543,000 after buying an additional 15,958 shares in the last quarter. Finally, Hantz Financial Services Inc. lifted its stake in UFP Industries by 21.6% during the 3rd quarter. Hantz Financial Services Inc. now owns 26,657 shares of the construction company’s stock valued at $3,498,000 after acquiring an additional 4,730 shares during the period. Institutional investors own 81.81% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Matthew J. Missad sold 15,000 shares of the company’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 directly owns 314,450 shares of the company’s stock, valued at approximately $41,202,383.50. This represents a 4.55 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director William G. Currie sold 5,700 shares of the firm’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $126.59, for a total value 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. The trade was a 8.53 % decrease in their position. The disclosure for this sale can be found here. 2.58% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts recently commented on UFPI shares. Wedbush reiterated an “outperform” rating and set a $155.00 price objective on shares of UFP Industries in a research report on Monday, November 4th. StockNews.com upgraded UFP Industries from a “hold” rating to a “buy” rating in a research report on Tuesday, December 3rd. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, UFP Industries has an average rating of “Moderate Buy” and an average target price of $148.00.

UFP Industries Trading Down 1.1 %

UFPI stock opened at $115.62 on Friday. The firm’s fifty day simple moving average is $118.32 and its two-hundred day simple moving average is $123.85. The stock has a market capitalization of $7.02 billion, a price-to-earnings ratio of 15.90 and a beta of 1.45. The company has a quick ratio of 3.25, a current ratio of 4.31 and a debt-to-equity ratio of 0.07. UFP Industries, Inc. has a twelve month low of $107.25 and a twelve month high of $141.33.

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.