Vest Financial LLC Has $2.43 Million Holdings in UFP Industries, Inc. (NASDAQ:UFPI)

Vest Financial LLC increased its position in shares of UFP Industries, Inc. (NASDAQ:UFPI - Free Report) by 89.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 21,588 shares of the construction company's stock after buying an additional 10,206 shares during the quarter. Vest Financial LLC's holdings in UFP Industries were worth $2,432,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of UFPI. Robertson Stephens Wealth Management LLC raised its holdings in UFP Industries by 5.7% during the fourth quarter. Robertson Stephens Wealth Management LLC now owns 1,914 shares of the construction company's stock worth $216,000 after purchasing an additional 104 shares during the last quarter. Meritage Portfolio Management boosted its position in shares of UFP Industries by 12.4% in the fourth quarter. Meritage Portfolio Management now owns 4,435 shares of the construction company's stock worth $500,000 after buying an additional 489 shares during the period. Greenleaf Trust acquired a new position in shares of UFP Industries in the fourth quarter worth about $424,000. Copeland Capital Management LLC raised its stake in UFP Industries by 0.3% during the fourth quarter. Copeland Capital Management LLC now owns 548,104 shares of the construction company's stock valued at $61,744,000 after buying an additional 1,907 shares in the last quarter. Finally, Highland Capital Management LLC raised its position in shares of UFP Industries by 6.6% during the 4th quarter. Highland Capital Management LLC now owns 2,222 shares of the construction company's stock worth $250,000 after purchasing an additional 138 shares during the period. 81.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director William G. Currie sold 5,700 shares of the company's stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $126.59, for a total transaction of $721,563.00. Following the transaction, the director now owns 61,140 shares in the company, valued at $7,739,712.60. This represents a 8.53 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Matthew J. Missad sold 15,000 shares of the business'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 sale, the chief executive officer now directly owns 314,450 shares of the company's stock, valued at $41,202,383.50. This 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 company insiders.

UFP Industries Stock Performance

Shares of NASDAQ:UFPI traded down $2.89 during midday trading on Wednesday, hitting $112.78. The company's stock had a trading volume of 279,366 shares, compared to its average volume of 283,406. UFP Industries, Inc. has a fifty-two week low of $107.25 and a fifty-two week high of $141.33. The stock has a market capitalization of $6.85 billion, a price-to-earnings ratio of 15.51 and a beta of 1.45. The stock's 50 day simple moving average is $117.20 and its 200 day simple moving average is $123.66. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.25 and a current ratio of 4.31.

Analyst Upgrades and Downgrades

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