UFP Industries, Inc. (NASDAQ:UFPI) Shares Purchased by Van ECK Associates Corp

Van ECK Associates Corp increased its stake in shares of UFP Industries, Inc. (NASDAQ:UFPI) by 30.3% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 53,789 shares of the construction company’s stock after acquiring an additional 12,498 shares during the period. Van ECK Associates Corp owned approximately 0.09% of UFP Industries worth $6,059,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. JPMorgan Chase & Co. increased its holdings in shares of UFP Industries by 10.7% in 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 last quarter. Citigroup Inc. boosted its position in UFP Industries by 50.7% during the 3rd quarter. Citigroup Inc. now owns 119,426 shares of the construction company’s stock worth $15,670,000 after acquiring an additional 40,162 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in shares of UFP Industries by 3.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 919,018 shares of the construction company’s stock valued at $102,158,000 after buying an additional 31,381 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings 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 valued at $101,011,000 after buying an additional 4,006 shares during the period. Finally, Seizert Capital Partners LLC lifted its holdings in shares of 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 last quarter. 81.81% of the stock is owned by institutional investors and hedge funds.

UFP Industries Stock Performance

Shares of UFPI stock opened at $116.35 on Tuesday. The company has a market capitalization of $7.06 billion, a price-to-earnings ratio of 16.00 and a beta of 1.45. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.25 and a current ratio of 4.31. The company has a 50-day simple moving average of $116.17 and a 200 day simple moving average of $123.30. UFP Industries, Inc. has a 52 week low of $107.25 and a 52 week high of $141.33.

Insider Buying and Selling at UFP Industries

In other UFP Industries news, Director William G. Currie sold 5,700 shares of the business’s stock in a transaction that occurred 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 directly 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 legal filing with the SEC, which can be accessed through this link. Also, CEO Matthew J. Missad sold 15,000 shares of the company’s stock in a transaction on 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 directly owns 314,450 shares in the company, 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. Insiders own 2.58% of the company’s stock.

Wall Street Analyst Weigh In

UFPI has been the topic of several research reports. StockNews.com raised UFP Industries from a “hold” rating to a “buy” rating in a research report on Tuesday, December 3rd. Wedbush restated an “outperform” rating and set a $155.00 target price on shares of UFP Industries in a research note on Monday, November 4th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target 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.