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

Empirical Finance LLC increased its holdings in shares of UFP Industries, Inc. (NASDAQ:UFPI - Free Report) by 82.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 9,276 shares of the construction company's stock after acquiring 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 SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. FMR LLC raised its position in shares of UFP Industries by 13.4% during the 3rd 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 raised its position in shares of UFP Industries by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 1,528,221 shares of the construction company's stock valued at $200,553,000 after buying an additional 14,857 shares during the period. Franklin Resources Inc. raised its position in shares of 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 buying an additional 188,969 shares during the period. Allspring Global Investments Holdings LLC raised its position in shares of UFP Industries by 3.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 887,637 shares of the construction company's stock valued at $116,467,000 after buying an additional 32,555 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position 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. 81.81% of the stock is currently owned by institutional investors and hedge funds.

UFP Industries Stock Up 1.8 %

Shares of UFPI stock traded up $2.08 on Friday, reaching $116.35. 310,079 shares of the stock were exchanged, compared to its average volume of 281,263. The company has a current ratio of 4.31, a quick ratio of 3.25 and a debt-to-equity ratio of 0.07. The business's 50 day moving average price is $116.51 and its 200 day moving average price is $123.52. The company has a market capitalization of $7.07 billion, a price-to-earnings ratio of 16.00 and a beta of 1.45. UFP Industries, Inc. has a twelve month low of $107.25 and a twelve month high of $141.33.

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 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 completion of the transaction, the director now owns 61,140 shares in the company, valued at $7,739,712.60. This represents a 8.53 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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 transaction, the chief executive officer now owns 314,450 shares of the company's stock, valued at $41,202,383.50. This represents a 4.55 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.58% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on UFPI shares. StockNews.com raised UFP Industries from a "hold" rating to a "buy" rating in a research report on Tuesday, December 3rd. Wedbush reissued 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 company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $148.00.

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.