UFP Industries, Inc. (NASDAQ:UFPI) Stock Holdings Lessened by Pacer Advisors Inc.

Pacer Advisors Inc. lowered its stake in UFP Industries, Inc. (NASDAQ:UFPI) by 35.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,068 shares of the construction company’s stock after selling 5,008 shares during the period. Pacer Advisors Inc.’s holdings in UFP Industries were worth $1,022,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in UFPI. Sanctuary Advisors LLC acquired a new position in shares of UFP Industries in the second quarter worth $1,162,000. SG Americas Securities LLC increased its stake in shares of UFP Industries by 18.3% in the third quarter. SG Americas Securities LLC now owns 3,466 shares of the construction company’s stock worth $455,000 after acquiring an additional 537 shares during the last quarter. Handelsbanken Fonder AB increased its stake in shares of UFP Industries by 10.4% in the third quarter. Handelsbanken Fonder AB now owns 12,695 shares of the construction company’s stock worth $1,666,000 after acquiring an additional 1,200 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of UFP Industries by 25.8% in the third quarter. GAMMA Investing LLC now owns 644 shares of the construction company’s stock worth $84,000 after acquiring an additional 132 shares during the last quarter. Finally, UMB Bank n.a. increased its stake in shares of UFP Industries by 300.0% in the third quarter. UMB Bank n.a. now owns 192 shares of the construction company’s stock worth $25,000 after acquiring an additional 144 shares during the last quarter. 81.81% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at UFP Industries

In related news, Director William G. Currie sold 5,700 shares of the stock in a transaction dated 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 owns 61,140 shares in the company, 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 this hyperlink. Also, CEO Matthew J. Missad sold 15,000 shares of the 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 completion of the sale, the chief executive officer now owns 314,450 shares of the company’s stock, 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. Corporate insiders own 2.58% of the company’s stock.

UFP Industries Stock Down 0.3 %

UFPI stock opened at $115.32 on Tuesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.31 and a quick ratio of 3.25. UFP Industries, Inc. has a 52-week low of $107.25 and a 52-week high of $141.33. The company has a 50-day moving average of $119.89 and a two-hundred day moving average of $124.03. The stock has a market capitalization of $7.00 billion, a price-to-earnings ratio of 15.86 and a beta of 1.45.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on UFPI. StockNews.com upgraded shares of UFP Industries from a “hold” rating to a “buy” rating in a report on Tuesday, December 3rd. Wedbush reiterated an “outperform” rating and issued a $155.00 price objective 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 issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $148.00.

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.