Pacer Advisors Inc. Has $1.02 Million Stock Position in UFP Industries, Inc. (NASDAQ:UFPI)

Pacer Advisors Inc. trimmed its position in shares of UFP Industries, Inc. (NASDAQ:UFPI - Free Report) by 35.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,068 shares of the construction company's stock after selling 5,008 shares during the period. Pacer Advisors Inc.'s holdings in UFP Industries were worth $1,022,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Sanctuary Advisors LLC bought a new stake in UFP Industries during the 2nd quarter valued at approximately $1,162,000. SG Americas Securities LLC grew its stake in shares of UFP Industries by 18.3% in the third quarter. SG Americas Securities LLC now owns 3,466 shares of the construction company's stock worth $455,000 after acquiring an additional 537 shares during the last quarter. Handelsbanken Fonder AB increased its position in UFP Industries by 10.4% during the third quarter. Handelsbanken Fonder AB now owns 12,695 shares of the construction company's stock worth $1,666,000 after acquiring an additional 1,200 shares during the period. GAMMA Investing LLC boosted its holdings in UFP Industries by 25.8% in the 3rd quarter. GAMMA Investing LLC now owns 644 shares of the construction company's stock valued at $84,000 after purchasing an additional 132 shares during the period. Finally, UMB Bank n.a. increased its holdings in shares of 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 purchasing an additional 144 shares during the period. 81.81% of the stock is currently owned by institutional investors.

Insider Activity at UFP Industries

In other UFP Industries news, 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 value of $721,563.00. Following the transaction, the director now owns 61,140 shares of the company's stock, valued at approximately $7,739,712.60. The trade was a 8.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Matthew J. Missad sold 15,000 shares of the stock in a transaction 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 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 insiders.

UFP Industries Price Performance

Shares of UFPI stock traded down $1.31 during trading hours on Friday, hitting $115.62. The company had a trading volume of 242,785 shares, compared to its average volume of 282,887. UFP Industries, Inc. has a 12 month low of $107.25 and a 12 month high of $141.33. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.25 and a current ratio of 4.31. The firm's fifty day moving average is $118.32 and its 200 day moving average is $123.85. The firm has a market capitalization of $7.02 billion, a price-to-earnings ratio of 15.90 and a beta of 1.45.

Analyst Upgrades and Downgrades

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