Choreo LLC Sells 858 Shares of UFP Industries, Inc. (NASDAQ:UFPI)

Choreo LLC cut its holdings in shares of UFP Industries, Inc. (NASDAQ:UFPI) by 29.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,066 shares of the construction company’s stock after selling 858 shares during the quarter. Choreo LLC’s holdings in UFP Industries were worth $232,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the stock. FMR LLC lifted its position in shares of UFP Industries by 13.4% during the 3rd quarter. FMR LLC now owns 1,635,577 shares of the construction company’s stock valued at $214,604,000 after buying an additional 193,891 shares during the last quarter. Geode Capital Management LLC grew its stake in UFP Industries by 1.0% during the third quarter. Geode Capital Management LLC now owns 1,528,221 shares of the construction company’s stock valued at $200,553,000 after acquiring an additional 14,857 shares in the last quarter. Franklin Resources Inc. increased its holdings 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 purchasing an additional 188,969 shares during the period. Allspring Global Investments Holdings LLC increased its stake in UFP Industries by 3.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 887,637 shares of the construction company’s stock worth $116,467,000 after acquiring an additional 32,555 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position 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. Institutional investors own 81.81% of the company’s stock.

UFP Industries Trading Up 1.8 %

UFPI stock opened at $116.35 on Friday. UFP Industries, Inc. has a one year low of $107.25 and a one year high of $141.33. The company has a market capitalization of $7.07 billion, a PE ratio of 16.00 and a beta of 1.45. The company’s 50 day moving average price is $116.51 and its two-hundred day moving average price is $123.52. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.25 and a current ratio of 4.31.

Insider Buying and Selling

In related news, CEO Matthew J. Missad sold 15,000 shares of the stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 314,450 shares in the company, valued at $41,202,383.50. This represents a 4.55 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director William G. Currie sold 5,700 shares of UFP Industries 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 transaction, the director now directly owns 61,140 shares in the company, valued at $7,739,712.60. This trade represents a 8.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.58% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

UFPI has been the subject of a number of research reports. Wedbush reissued an “outperform” rating and issued a $155.00 price target on shares of UFP Industries in a research note on Monday, November 4th. StockNews.com raised UFP Industries from a “hold” rating to a “buy” rating in a research note on Tuesday, December 3rd. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, UFP Industries presently has a consensus rating of “Moderate Buy” and a consensus target price of $148.00.

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.