Verition Fund Management LLC bought a new position in UFP Industries, Inc. (NASDAQ:UFPI – Get Rating) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 4,554 shares of the construction company's stock, valued at approximately $351,000.

Other large investors have also added to or reduced their stakes in the company. Sawgrass Asset Management LLC bought a new stake in shares of UFP Industries during the 1st quarter valued at about $279,000. Point72 Hong Kong Ltd bought a new stake in shares of UFP Industries during the 1st quarter valued at about $62,000. Quantbot Technologies LP boosted its position in shares of UFP Industries by 2,166.1% during the 1st quarter. Quantbot Technologies LP now owns 11,036 shares of the construction company's stock valued at $851,000 after acquiring an additional 10,549 shares during the last quarter. Eaton Vance Management boosted its position in shares of UFP Industries by 497.4% during the 1st quarter. Eaton Vance Management now owns 22,487 shares of the construction company's stock valued at $1,736,000 after acquiring an additional 18,723 shares during the last quarter. Finally, Evergreen Capital Management LLC boosted its position in shares of UFP Industries by 19.3% during the 1st quarter. Evergreen Capital Management LLC now owns 3,967 shares of the construction company's stock valued at $306,000 after acquiring an additional 643 shares during the last quarter. Institutional investors own 81.86% of the company's stock.

UFP Industries Price Performance

Shares of UFP Industries stock opened at $69.60 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.88 and a quick ratio of 1.54. The business's 50 day simple moving average is $82.12 and its two-hundred day simple moving average is $78.33. The stock has a market capitalization of $4.29 billion, a P/E ratio of 6.71 and a beta of 1.56. UFP Industries, Inc. has a one year low of $64.13 and a one year high of $94.80.

UFP Industries Dividend Announcement

Insiders Place Their Bets

In other UFP Industries news, insider David A. Tutas sold 1,107 shares of UFP Industries stock in a transaction that occurred on Monday, July 25th. The stock was sold at an average price of $85.39, for a total value of $94,526.73. Following the transaction, the insider now directly owns 15,274 shares of the company's stock, valued at approximately $1,304,246.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider David A. Tutas sold 1,107 shares of the business's stock in a transaction that occurred on Monday, July 25th. The stock was sold at an average price of $85.39, for a total transaction of $94,526.73. Following the transaction, the insider now directly owns 15,274 shares of the company's stock, valued at $1,304,246.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Matthew J. Missad sold 12,500 shares of the business's stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $93.21, for a total value of $1,165,125.00. Following the transaction, the chief executive officer now directly owns 317,709 shares in the company, valued at $29,613,655.89. The disclosure for this sale can be found here. Insiders have sold 48,595 shares of company stock valued at $4,406,273 in the last ninety days. Company insiders own 3.74% of the company's stock.

Analysts Set New Price Targets

UFPI has been the subject of a number of research analyst reports. Wedbush lifted their price target on UFP Industries to $108.00 in a research report on Friday, July 22nd. Benchmark boosted their target price on UFP Industries to $110.00 in a research report on Monday, July 25th. DA Davidson boosted their target price on UFP Industries from $90.00 to $101.00 in a research report on Friday, July 22nd. StockNews.com upgraded UFP Industries from a "hold" rating to a "buy" rating in a research report on Monday, July 25th. Finally, Stifel Nicolaus boosted their target price on UFP Industries from $95.00 to $100.00 in a research report on Friday, July 22nd.

UFP Industries Profile

(Get Rating)

UFP Industries, Inc, through its subsidiaries, designs, manufactures, and markets wood and wood-alternative products in North America, Europe, Asia, and Australia. It operates through Retail, Industrial, and Construction segments. The Retail segment offers preserved and unpreserved dimensional lumber; and outdoor living products, including wood and wood composite decking and related accessories, decorative lawn, garden, craft, and hobby products.

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