Allspring Global Investments Holdings LLC Raises Stock Holdings in UFP Industries, Inc. (NASDAQ:UFPI)

Allspring Global Investments Holdings LLC boosted its stake in UFP Industries, Inc. (NASDAQ:UFPI - Free Report) by 3.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 919,018 shares of the construction company's stock after acquiring an additional 31,381 shares during the period. Allspring Global Investments Holdings LLC owned 1.51% of UFP Industries worth $102,158,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in UFPI. Shaker Investments LLC OH bought a new stake in shares of UFP Industries during the 4th quarter valued at $924,000. Empirical Finance LLC boosted its holdings in shares of UFP Industries by 82.1% during the 4th quarter. Empirical Finance LLC now owns 9,276 shares of the construction company's stock valued at $1,045,000 after buying an additional 4,182 shares in the last quarter. Kingsview Wealth Management LLC boosted its holdings in shares of UFP Industries by 2.4% during the 4th quarter. Kingsview Wealth Management LLC now owns 6,418 shares of the construction company's stock valued at $723,000 after buying an additional 150 shares in the last quarter. Vest Financial LLC boosted its holdings in shares of UFP Industries by 89.7% during the 4th quarter. Vest Financial LLC now owns 21,588 shares of the construction company's stock valued at $2,432,000 after buying an additional 10,206 shares in the last quarter. Finally, Robertson Stephens Wealth Management LLC boosted its holdings in shares of UFP Industries by 5.7% during the 4th quarter. Robertson Stephens Wealth Management LLC now owns 1,914 shares of the construction company's stock valued at $216,000 after buying an additional 104 shares in the last quarter. Institutional investors own 81.81% of the company's stock.

Analyst Ratings Changes

Several research firms have recently issued reports on UFPI. Wedbush reaffirmed an "outperform" rating and issued a $155.00 price target on shares of UFP Industries in a research report on Monday, November 4th. StockNews.com raised UFP Industries from a "hold" rating to a "buy" rating in a research report on Tuesday, December 3rd. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $148.00.

Insider Activity at UFP Industries

In other UFP Industries news, Director William G. Currie sold 5,700 shares of the company's stock in a transaction that occurred on Friday, December 13th. The stock was 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 directly owns 61,140 shares in the company, valued at $7,739,712.60. This represents a 8.53 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Matthew J. Missad sold 15,000 shares of the company's stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 314,450 shares of the company's stock, valued at $41,202,383.50. The trade was 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 currently owned by corporate insiders.

UFP Industries Stock Performance

Shares of UFP Industries stock traded up $2.08 during trading hours on Friday, reaching $116.35. 310,079 shares of the stock traded hands, compared to its average volume of 266,647. The company has a 50 day moving average price of $116.51 and a 200 day moving average price of $123.37. The firm has a market capitalization of $7.06 billion, a price-to-earnings ratio of 16.00 and a beta of 1.45. The company has a quick ratio of 3.25, a current ratio of 4.31 and a debt-to-equity ratio of 0.07. UFP Industries, Inc. has a one year low of $107.25 and a one year high of $141.33.

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.