Shaker Investments LLC OH Invests $924,000 in UFP Industries, Inc. (NASDAQ:UFPI)

Shaker Investments LLC OH purchased a new stake in shares of UFP Industries, Inc. (NASDAQ:UFPI - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 8,200 shares of the construction company's stock, valued at approximately $924,000.

Several other hedge funds have also recently bought and sold shares of UFPI. JPMorgan Chase & Co. boosted its holdings in shares of UFP Industries by 10.7% during the third quarter. JPMorgan Chase & Co. now owns 631,404 shares of the construction company's stock worth $82,847,000 after purchasing an additional 60,859 shares during the period. Citigroup Inc. lifted its position in UFP Industries by 50.7% in the 3rd quarter. Citigroup Inc. now owns 119,426 shares of the construction company's stock worth $15,670,000 after buying an additional 40,162 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of UFP Industries by 0.5% during the 3rd 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. Seizert Capital Partners LLC raised 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 worth $4,543,000 after acquiring an additional 15,958 shares in the last quarter. Finally, Hantz Financial Services Inc. raised its holdings in shares of UFP Industries by 21.6% during the third quarter. Hantz Financial Services Inc. now owns 26,657 shares of the construction company's stock worth $3,498,000 after acquiring an additional 4,730 shares in the last quarter. 81.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. StockNews.com raised UFP Industries from a "hold" rating to a "buy" rating in a research report on Tuesday, December 3rd. Wedbush reiterated an "outperform" rating and issued 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 assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $148.00.

UFP Industries Stock Up 1.2 %

Shares of NASDAQ UFPI traded up $1.42 during mid-day trading on Friday, reaching $115.69. 153,136 shares of the company traded hands, compared to its average volume of 275,599. The company's fifty day moving average is $116.84 and its two-hundred day moving average is $123.59. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.25 and a current ratio of 4.31. UFP Industries, Inc. has a fifty-two week low of $107.25 and a fifty-two week high of $141.33. The stock has a market cap of $7.02 billion, a PE ratio of 15.92 and a beta of 1.45.

Insider Transactions at UFP Industries

In other news, CEO Matthew J. Missad sold 15,000 shares of UFP Industries stock in a transaction dated 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 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director William G. Currie sold 5,700 shares of the business's stock in a transaction dated Friday, December 13th. The stock was 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 $7,739,712.60. This represents a 8.53 % decrease in their position. The disclosure for this sale can be found here. 2.58% of the stock is owned by corporate insiders.

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.