Wilmington Savings Fund Society FSB Lowers Position in UFP Industries, Inc. (NASDAQ:UFPI)

Wilmington Savings Fund Society FSB lessened its stake in shares of UFP Industries, Inc. (NASDAQ:UFPI) by 4.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 47,904 shares of the construction company’s stock after selling 2,261 shares during the period. Wilmington Savings Fund Society FSB owned 0.08% of UFP Industries worth $5,396,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently made changes to their positions in UFPI. UMB Bank n.a. lifted its holdings in shares of UFP Industries by 300.0% in the 3rd quarter. UMB Bank n.a. now owns 192 shares of the construction company’s stock valued at $25,000 after acquiring an additional 144 shares during the last quarter. Signaturefd LLC lifted 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 in the last quarter. Whittier Trust Co. of Nevada Inc. purchased a new position in shares of UFP Industries during the third quarter worth approximately $70,000. GAMMA Investing LLC increased 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 worth $84,000 after purchasing an additional 132 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of UFP Industries in the third quarter valued at about $94,000. 81.81% of the stock is owned by institutional investors.

UFP Industries Trading Down 1.1 %

Shares of NASDAQ:UFPI opened at $115.62 on Friday. The company has a market capitalization of $7.02 billion, a PE ratio of 15.90 and a beta of 1.45. 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 has a 50 day moving average of $118.32 and a two-hundred day moving average of $123.85. UFP Industries, Inc. has a 12-month low of $107.25 and a 12-month high of $141.33.

Wall Street Analyst Weigh In

UFPI has been the topic of several research reports. Wedbush reissued an “outperform” rating and set a $155.00 price objective 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 issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus 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 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 owns 61,140 shares of the company’s stock, valued at approximately $7,739,712.60. This trade 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 can be accessed through this link. Also, CEO Matthew J. Missad sold 15,000 shares of the business’s stock in a transaction dated Friday, November 22nd. The shares were 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 in the company, valued at approximately $41,202,383.50. The trade was a 4.55 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.58% of the company’s stock.

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.