Mirae Asset Global Investments Co. Ltd. Sells 328 Shares of UFP Industries, Inc. (NASDAQ:UFPI)

Mirae Asset Global Investments Co. Ltd. lessened its holdings in UFP Industries, Inc. (NASDAQ:UFPI) by 45.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 387 shares of the construction company’s stock after selling 328 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in UFP Industries were worth $43,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. FMR LLC raised 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 worth $214,604,000 after purchasing an additional 193,891 shares during the last quarter. Franklin Resources Inc. grew 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 valued at $169,675,000 after purchasing an additional 188,969 shares during the period. Assenagon Asset Management S.A. increased its position in 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 purchasing an additional 138,215 shares during the last quarter. Wasatch Advisors LP grew its stake in shares of UFP Industries by 16.1% in the 3rd quarter. Wasatch Advisors LP now owns 590,712 shares of the construction company’s stock valued at $77,507,000 after buying an additional 81,950 shares during the period. Finally, Barclays PLC increased its holdings in shares of UFP Industries by 109.0% during the 3rd 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 and hedge funds own 81.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on UFPI shares. StockNews.com upgraded UFP Industries from a “hold” rating to a “buy” rating in a report on Tuesday, December 3rd. Wedbush restated an “outperform” rating and issued a $155.00 price objective on shares of UFP Industries in a report on Monday, November 4th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, UFP Industries presently has a consensus rating of “Moderate Buy” and an average target price of $148.00.

Insiders Place Their Bets

In related news, Director William G. Currie sold 5,700 shares of UFP Industries stock in a transaction on Friday, December 13th. The shares were sold at an average price of $126.59, for a total transaction of $721,563.00. Following the sale, the director now owns 61,140 shares of the company’s stock, valued at $7,739,712.60. The trade was a 8.53 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Matthew J. Missad sold 15,000 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now directly owns 314,450 shares in the company, valued at approximately $41,202,383.50. The trade was a 4.55 % 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.

UFP Industries Stock Performance

UFPI opened at $116.35 on Friday. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.31 and a quick ratio of 3.25. The stock has a market cap of $7.07 billion, a P/E ratio of 16.00 and a beta of 1.45. UFP Industries, Inc. has a 1-year low of $107.25 and a 1-year high of $141.33. The stock’s 50 day simple moving average is $116.51 and its 200 day simple moving average is $123.52.

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.