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

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

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. FMR LLC increased its stake in shares of UFP Industries by 13.4% during the third quarter. FMR LLC now owns 1,635,577 shares of the construction company’s stock valued at $214,604,000 after buying an additional 193,891 shares during the period. Geode Capital Management LLC boosted its holdings in UFP Industries by 1.0% in the third quarter. Geode Capital Management LLC now owns 1,528,221 shares of the construction company’s stock valued at $200,553,000 after acquiring an additional 14,857 shares in the last quarter. Franklin Resources Inc. increased its position in UFP Industries by 18.2% during the 3rd 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. Allspring Global Investments Holdings LLC raised its holdings in UFP Industries by 3.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 887,637 shares of the construction company’s stock worth $116,467,000 after purchasing an additional 32,555 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of UFP Industries by 0.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 769,841 shares of the construction company’s stock worth $101,011,000 after purchasing an additional 4,006 shares during the period. 81.81% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

UFPI has been the topic of several research analyst reports. StockNews.com upgraded shares of UFP Industries from a “hold” rating to a “buy” rating in a research report on Tuesday, December 3rd. Wedbush reaffirmed an “outperform” rating and set a $155.00 price objective on shares of UFP Industries in a research report on Monday, November 4th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, UFP Industries presently has a consensus rating of “Moderate Buy” and an average target price of $148.00.

Insider Buying and Selling

In other news, CEO Matthew J. Missad sold 15,000 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The stock was 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 directly owns 314,450 shares of the company’s stock, valued at $41,202,383.50. The trade was a 4.55 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director William G. Currie sold 5,700 shares of the firm’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 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 position. The disclosure for this sale can be found here. 2.58% of the stock is currently owned by insiders.

UFP Industries Stock Up 0.7 %

NASDAQ:UFPI opened at $116.46 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. The firm’s 50-day moving average price is $117.95 and its 200-day moving average price is $123.83. The company has a market capitalization of $7.07 billion, a PE ratio of 16.02 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.

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.