Empirical Finance LLC Increases Stock Position in UFP Industries, Inc. (NASDAQ:UFPI)

Empirical Finance LLC boosted its holdings in UFP Industries, Inc. (NASDAQ:UFPI) by 82.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,276 shares of the construction company’s stock after buying an additional 4,182 shares during the period. Empirical Finance LLC’s holdings in UFP Industries were worth $1,045,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of UFPI. Kingsview Wealth Management LLC lifted its holdings in shares of UFP Industries by 2.4% in the fourth quarter. Kingsview Wealth Management LLC now owns 6,418 shares of the construction company’s stock worth $723,000 after buying an additional 150 shares in the last quarter. Vest Financial LLC increased its holdings in UFP Industries by 89.7% during the 4th quarter. Vest Financial LLC now owns 21,588 shares of the construction company’s stock worth $2,432,000 after acquiring an additional 10,206 shares during the period. Robertson Stephens Wealth Management LLC lifted its stake in UFP Industries by 5.7% in the 4th quarter. Robertson Stephens Wealth Management LLC now owns 1,914 shares of the construction company’s stock worth $216,000 after purchasing an additional 104 shares in the last quarter. Meritage Portfolio Management boosted its holdings in UFP Industries by 12.4% in the 4th quarter. Meritage Portfolio Management now owns 4,435 shares of the construction company’s stock valued at $500,000 after purchasing an additional 489 shares during the period. Finally, Greenleaf Trust bought a new position in UFP Industries in the 4th quarter valued at $424,000. 81.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

UFP Industries Stock Up 0.7 %

UFPI opened at $116.46 on Tuesday. The business’s fifty day simple moving average is $117.95 and its 200 day simple moving average is $123.83. UFP Industries, Inc. has a 52 week low of $107.25 and a 52 week 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. The stock has a market cap of $7.07 billion, a PE ratio of 16.02 and a beta of 1.45.

Insider Transactions at UFP Industries

In other UFP Industries news, Director William G. Currie sold 5,700 shares of the company’s 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 sale, the director now owns 61,140 shares of the company’s stock, valued at $7,739,712.60. This represents a 8.53 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Matthew J. Missad sold 15,000 shares of UFP Industries stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 314,450 shares in the company, valued at $41,202,383.50. This trade 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.

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.