Blue Trust Inc. Buys 688 Shares of UFP Industries, Inc. (NASDAQ:UFPI)

Blue Trust Inc. grew its stake in shares of UFP Industries, Inc. (NASDAQ:UFPI) by 62.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,796 shares of the construction company’s stock after buying an additional 688 shares during the period. Blue Trust Inc.’s holdings in UFP Industries were worth $202,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Sanctuary Advisors LLC purchased a new stake in UFP Industries during the second quarter valued at about $1,162,000. SG Americas Securities LLC raised its holdings in shares of UFP Industries by 18.3% during the 3rd quarter. SG Americas Securities LLC now owns 3,466 shares of the construction company’s stock valued at $455,000 after buying an additional 537 shares in the last quarter. Handelsbanken Fonder AB lifted its position in UFP Industries by 10.4% in the 3rd quarter. Handelsbanken Fonder AB now owns 12,695 shares of the construction company’s stock worth $1,666,000 after buying an additional 1,200 shares during the last quarter. GAMMA Investing LLC lifted its position in UFP Industries by 25.8% in the 3rd quarter. GAMMA Investing LLC now owns 644 shares of the construction company’s stock worth $84,000 after buying an additional 132 shares during the last quarter. Finally, UMB Bank n.a. boosted its stake in 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 buying an additional 144 shares in the last quarter. 81.81% of the stock is owned by institutional investors.

UFP Industries Price Performance

Shares of UFP Industries stock opened at $116.01 on Wednesday. The stock has a market capitalization of $7.04 billion, a P/E ratio of 15.96 and a beta of 1.45. UFP Industries, Inc. has a one year low of $107.25 and a one year high of $141.33. 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 business’s 50 day simple moving average is $119.46 and its two-hundred day simple moving average is $124.00.

Insider Buying and Selling

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 transaction of $721,563.00. Following the completion of the transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Matthew J. Missad sold 15,000 shares of the 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 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. This trade represents a 4.55 % decrease in their position. The disclosure for this sale can be found here. 2.58% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have commented on UFPI. StockNews.com raised shares of UFP Industries from a “hold” rating to a “buy” rating in a research note on Tuesday, December 3rd. Wedbush reiterated an “outperform” rating and issued a $155.00 target price on shares of UFP Industries in a research report on Monday, November 4th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, UFP Industries currently has an average rating of “Moderate Buy” and an average target price of $148.00.

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.