KBC Group NV Cuts Position in UFP Industries, Inc. (NASDAQ:UFPI)

KBC Group NV lowered its holdings in UFP Industries, Inc. (NASDAQ:UFPI - Free Report) by 77.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,450 shares of the construction company's stock after selling 8,456 shares during the quarter. KBC Group NV's holdings in UFP Industries were worth $276,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of UFPI. UMB Bank n.a. raised its holdings 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 purchasing an additional 144 shares in the last quarter. Signaturefd LLC raised its stake in shares of UFP Industries by 31.8% during the 3rd quarter. Signaturefd LLC now owns 315 shares of the construction company's stock worth $41,000 after acquiring an additional 76 shares in the last quarter. Whittier Trust Co. of Nevada Inc. purchased a new stake in UFP Industries during the third quarter valued at approximately $70,000. GAMMA Investing LLC boosted its stake in UFP Industries by 25.8% in the third quarter. GAMMA Investing LLC now owns 644 shares of the construction company's stock valued at $84,000 after acquiring an additional 132 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in UFP Industries in the third quarter valued at approximately $94,000. Hedge funds and other institutional investors own 81.81% of the company's stock.

UFP Industries Stock Performance

UFPI traded down $1.31 on Friday, reaching $115.62. 242,785 shares of the stock were exchanged, compared to its average volume of 282,887. 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 company's 50-day moving average price is $118.32 and its 200 day moving average price is $123.85. The firm has a market capitalization of $7.02 billion, a PE ratio of 15.90 and a beta of 1.45. UFP Industries, Inc. has a fifty-two week low of $107.25 and a fifty-two week high of $141.33.

Insider Buying and Selling

In other UFP Industries news, Director William G. Currie sold 5,700 shares of UFP Industries 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 owns 61,140 shares in the company, valued at approximately $7,739,712.60. This trade represents a 8.53 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Matthew J. Missad sold 15,000 shares of the company's 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 completion of the sale, the chief executive officer now owns 314,450 shares in the company, valued at $41,202,383.50. The trade was a 4.55 % decrease in their position. The disclosure for this sale can be found here. 2.58% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. StockNews.com upgraded UFP Industries from a "hold" rating to a "buy" rating in a report on Tuesday, December 3rd. Wedbush reiterated an "outperform" rating and issued a $155.00 price target on shares of UFP Industries in a research note on Monday, November 4th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company 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.