Jennison Associates LLC Has $740,000 Stake in UFP Industries, Inc. (NASDAQ:UFPI)

Jennison Associates LLC decreased its position in shares of UFP Industries, Inc. (NASDAQ:UFPI - Free Report) by 34.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,566 shares of the construction company's stock after selling 3,488 shares during the period. Jennison Associates LLC's holdings in UFP Industries were worth $740,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Sanctuary Advisors LLC acquired a new stake in UFP Industries during the 2nd quarter valued at $1,162,000. SG Americas Securities LLC grew its holdings in shares of UFP Industries by 18.3% during the third quarter. SG Americas Securities LLC now owns 3,466 shares of the construction company's stock worth $455,000 after purchasing an additional 537 shares during the last quarter. Handelsbanken Fonder AB increased its stake in shares of UFP Industries by 10.4% in the third quarter. Handelsbanken Fonder AB now owns 12,695 shares of the construction company's stock valued at $1,666,000 after buying an additional 1,200 shares in the last quarter. GAMMA Investing LLC lifted its position in UFP Industries by 25.8% during 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 in the last quarter. Finally, UMB Bank n.a. lifted its position in UFP Industries by 300.0% during the 3rd 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. Institutional investors own 81.81% of the company's stock.

Wall Street Analyst Weigh In

UFPI has been the subject of several research reports. StockNews.com raised shares of UFP Industries from a "hold" rating to a "buy" rating in a research note on Tuesday, December 3rd. Wedbush restated an "outperform" rating and issued a $155.00 price objective on shares of UFP Industries in a research report on Monday, November 4th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $148.00.

UFP Industries Trading Up 0.7 %

NASDAQ:UFPI traded up $0.84 on Monday, hitting $116.46. 360,111 shares of the stock were exchanged, compared to its average volume of 285,854. 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 52 week low of $107.25 and a 52 week high of $141.33. The stock has a market capitalization of $7.07 billion, a price-to-earnings ratio of 16.02 and a beta of 1.45. The company's 50-day moving average price is $117.95 and its 200 day moving average price is $123.83.

Insider Transactions at UFP Industries

In other news, 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 transaction of $721,563.00. Following the completion of the transaction, the director now directly owns 61,140 shares in the company, valued at approximately $7,739,712.60. The trade was a 8.53 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Matthew J. Missad sold 15,000 shares of the company's stock in a transaction dated Friday, November 22nd. The shares were 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 directly 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 ownership of the stock. The disclosure for this sale can be found here. 2.58% of the stock is owned by corporate insiders.

UFP Industries 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.