Shaker Investments LLC OH Buys Shares of 8,200 UFP Industries, Inc. (NASDAQ:UFPI)

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

Other hedge funds have also made changes to their positions in the company. FMR LLC lifted its position in UFP Industries by 13.4% in the 3rd quarter. FMR LLC now owns 1,635,577 shares of the construction company’s stock worth $214,604,000 after buying an additional 193,891 shares in the last quarter. Franklin Resources Inc. increased its stake in shares of UFP Industries by 18.2% in the third quarter. Franklin Resources Inc. now owns 1,225,972 shares of the construction company’s stock worth $169,675,000 after acquiring an additional 188,969 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings 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 worth $26,521,000 after acquiring an additional 138,215 shares in the last quarter. Wasatch Advisors LP boosted its position in UFP Industries by 16.1% during the third quarter. Wasatch Advisors LP now owns 590,712 shares of the construction company’s stock valued at $77,507,000 after purchasing an additional 81,950 shares during the last quarter. Finally, Barclays PLC grew its stake in 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 in the last quarter. 81.81% of the stock is owned by hedge funds and other institutional investors.

UFP Industries Trading Up 0.7 %

Shares of UFP Industries stock opened at $116.46 on Tuesday. UFP Industries, Inc. has a 1 year low of $107.25 and a 1 year high of $141.33. The company’s fifty day simple moving average is $117.95 and its 200-day simple moving average is $123.83. The company has a market cap of $7.07 billion, a price-to-earnings ratio of 16.02 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.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on UFPI. StockNews.com raised UFP Industries from a “hold” rating to a “buy” rating in a research note on Tuesday, December 3rd. Wedbush restated an “outperform” rating and set a $155.00 target price on shares of UFP Industries in a report on Monday, November 4th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, UFP Industries has a consensus rating of “Moderate Buy” and a consensus target price of $148.00.

Insiders Place Their Bets

In other news, CEO Matthew J. Missad sold 15,000 shares of the company’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 value of $1,965,450.00. Following the sale, the chief executive officer now directly owns 314,450 shares in the company, valued at approximately $41,202,383.50. This represents a 4.55 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director William G. Currie sold 5,700 shares of the business’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 completion of the sale, the director now directly 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. Company insiders own 2.58% of the company’s stock.

About UFP Industries

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.