Blue Trust Inc. Acquires 688 Shares of UFP Industries, Inc. (NASDAQ:UFPI)

Blue Trust Inc. boosted its stake in shares of UFP Industries, Inc. (NASDAQ:UFPI) by 62.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,796 shares of the construction company’s stock after buying an additional 688 shares during the quarter. Blue Trust Inc.’s holdings in UFP Industries were worth $202,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in UFPI. JPMorgan Chase & Co. grew its position in shares of UFP Industries by 10.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 631,404 shares of the construction company’s stock valued at $82,847,000 after acquiring an additional 60,859 shares during the period. Citigroup Inc. lifted its stake in UFP Industries by 50.7% in the third 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. lifted its stake in 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 valued at $101,011,000 after purchasing an additional 4,006 shares during the last quarter. Seizert Capital Partners LLC grew its holdings in UFP Industries by 85.5% during the third quarter. Seizert Capital Partners LLC now owns 34,623 shares of the construction company’s stock valued at $4,543,000 after purchasing an additional 15,958 shares during the period. Finally, Hantz Financial Services Inc. increased its position in UFP Industries by 21.6% in the third quarter. Hantz Financial Services Inc. now owns 26,657 shares of the construction company’s stock worth $3,498,000 after buying an additional 4,730 shares during the last quarter. Hedge funds and other institutional investors own 81.81% of the company’s stock.

Analyst Ratings Changes

UFPI has been the topic of a number of recent research reports. Wedbush reaffirmed an “outperform” rating and set a $155.00 price target 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 note on Tuesday, December 3rd. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, UFP Industries currently has a consensus rating of “Moderate Buy” and an average target price of $148.00.

UFP Industries Price Performance

Shares of NASDAQ UFPI opened at $116.01 on Wednesday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.25 and a current ratio of 4.31. UFP Industries, Inc. has a fifty-two week low of $107.25 and a fifty-two week high of $141.33. The stock has a market cap of $7.04 billion, a PE ratio of 15.96 and a beta of 1.45. The stock has a fifty day moving average of $119.46 and a 200-day moving average of $124.00.

Insider Buying and Selling at UFP Industries

In related news, Director William G. Currie sold 5,700 shares of UFP Industries stock in a transaction on Friday, December 13th. The stock was 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 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Matthew J. Missad sold 15,000 shares of the company’s stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 314,450 shares in the company, valued at $41,202,383.50. This represents a 4.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.