Greenleaf Trust Invests $424,000 in UFP Industries, Inc. (NASDAQ:UFPI)

Greenleaf Trust bought a new stake in shares of UFP Industries, Inc. (NASDAQ:UFPI - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 3,768 shares of the construction company's stock, valued at approximately $424,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. JPMorgan Chase & Co. lifted its holdings in shares of UFP Industries by 10.7% in the third quarter. JPMorgan Chase & Co. now owns 631,404 shares of the construction company's stock valued at $82,847,000 after purchasing an additional 60,859 shares in the last quarter. Citigroup Inc. lifted its stake 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 acquiring an additional 40,162 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in 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 worth $101,011,000 after acquiring an additional 4,006 shares during the period. Seizert Capital Partners LLC grew its stake in UFP Industries by 85.5% during the 3rd quarter. Seizert Capital Partners LLC now owns 34,623 shares of the construction company's stock valued at $4,543,000 after acquiring an additional 15,958 shares in the last quarter. Finally, Hantz Financial Services Inc. increased its holdings in shares of UFP Industries by 21.6% in the 3rd quarter. Hantz Financial Services Inc. now owns 26,657 shares of the construction company's stock valued at $3,498,000 after purchasing an additional 4,730 shares during the period. Institutional investors and hedge funds own 81.81% of the company's stock.

Analyst Ratings Changes

Several analysts recently commented on UFPI shares. Wedbush restated an "outperform" rating and set a $155.00 price target on shares of UFP Industries in a report on Monday, November 4th. StockNews.com raised shares of UFP Industries from a "hold" rating to a "buy" rating in a research note on Tuesday, December 3rd. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $148.00.

Insider Buying and Selling at UFP Industries

In other UFP Industries news, 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 transaction of $1,965,450.00. Following the transaction, the chief executive officer now 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director William G. Currie sold 5,700 shares of the business's stock in a transaction 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 sale, the director now owns 61,140 shares of the company's stock, valued at $7,739,712.60. The trade was a 8.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.58% of the company's stock.

UFP Industries Stock Down 1.1 %

Shares of NASDAQ UFPI traded down $1.31 during trading hours on Friday, hitting $115.62. The stock had a trading volume of 242,785 shares, compared to its average volume of 266,647. The firm's 50-day moving average price is $118.32 and its two-hundred day moving average price is $123.85. UFP Industries, Inc. has a 52 week low of $107.25 and a 52 week high of $141.33. The company has a market capitalization of $7.02 billion, a P/E ratio of 15.90 and a beta of 1.45. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.25 and a current ratio of 4.31.

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.