KBC Group NV Trims Position in UFP Industries, Inc. (NASDAQ:UFPI)

KBC Group NV decreased its holdings in UFP Industries, Inc. (NASDAQ:UFPI) by 77.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,450 shares of the construction company’s stock after selling 8,456 shares during the quarter. KBC Group NV’s holdings in UFP Industries were worth $276,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in UFPI. FMR LLC grew its stake in shares of UFP Industries by 13.4% in the third quarter. FMR LLC now owns 1,635,577 shares of the construction company’s stock worth $214,604,000 after acquiring an additional 193,891 shares during the last quarter. Franklin Resources Inc. boosted its stake in UFP Industries by 18.2% in the 3rd 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 in the last quarter. Assenagon Asset Management S.A. grew its position in UFP Industries by 216.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 202,124 shares of the construction company’s stock valued at $26,521,000 after purchasing an additional 138,215 shares during the last quarter. Wasatch Advisors LP increased its stake in UFP Industries by 16.1% during the 3rd 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 in the last quarter. Finally, Barclays PLC raised its holdings in UFP Industries by 109.0% in the third quarter. Barclays PLC now owns 135,996 shares of the construction company’s stock worth $17,844,000 after buying an additional 70,927 shares during the last quarter. Institutional investors own 81.81% of the company’s stock.

Insider Buying and Selling at UFP Industries

In other UFP Industries news, Director William G. Currie sold 5,700 shares of the firm’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $126.59, for a total value of $721,563.00. Following the transaction, the director now directly 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 value of $1,965,450.00. Following the sale, the chief executive officer now 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 disclosure for this sale can be found here. Company insiders own 2.58% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. StockNews.com raised shares of UFP Industries from a “hold” rating to a “buy” rating in a research report on Tuesday, December 3rd. Wedbush reissued an “outperform” rating and issued a $155.00 target price on shares of UFP Industries in a report on Monday, November 4th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $148.00.

UFP Industries Stock Down 0.3 %

UFPI opened at $115.32 on Tuesday. The stock has a market capitalization of $7.00 billion, a price-to-earnings ratio of 15.86 and a beta of 1.45. The firm has a 50 day moving average price of $119.89 and a 200-day moving average price of $124.03. UFP Industries, Inc. has a twelve month low of $107.25 and a twelve month high of $141.33. 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 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.