Raymond James Financial Services Advisors Inc. purchased a new position in shares of UFP Industries, Inc. (NASDAQ:UFPI – Get Rating) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,801 shares of the construction company’s stock, valued at approximately $202,000.
Other hedge funds also recently bought and sold shares of the company. Xponance Inc. increased its stake in shares of UFP Industries by 11.7% during the third quarter. Xponance Inc. now owns 3,724 shares of the construction company’s stock worth $269,000 after buying an additional 391 shares during the period. Mizuho Securities USA LLC purchased a new stake in shares of UFP Industries during the 3rd quarter worth $234,000. BerganKDV Wealth Management LLC grew its stake in shares of UFP Industries by 1.6% during the third quarter. BerganKDV Wealth Management LLC now owns 12,440 shares of the construction company’s stock worth $898,000 after purchasing an additional 193 shares in the last quarter. Ronald Blue Trust Inc. increased its holdings in UFP Industries by 550.8% in the third quarter. Ronald Blue Trust Inc. now owns 423 shares of the construction company’s stock valued at $29,000 after buying an additional 358 shares during the last quarter. Finally, Louisiana State Employees Retirement System acquired a new stake in UFP Industries in the third quarter valued at $2,122,000. Institutional investors and hedge funds own 81.69% of the company’s stock.
UFP Industries Trading Down 1.2 %
Shares of UFPI stock opened at $89.60 on Tuesday. The company has a market capitalization of $5.52 billion, a P/E ratio of 8.07 and a beta of 1.45. The company has a current ratio of 3.03, a quick ratio of 1.78 and a debt-to-equity ratio of 0.11. The business’s 50 day moving average is $82.50 and its two-hundred day moving average is $79.53. UFP Industries, Inc. has a twelve month low of $64.13 and a twelve month high of $94.78.
Analyst Upgrades and Downgrades
UFPI has been the topic of several research analyst reports. StockNews.com assumed coverage on UFP Industries in a research report on Wednesday, October 12th. They set a “buy” rating on the stock. DA Davidson lowered their target price on shares of UFP Industries to $96.00 in a report on Thursday, October 27th.
UFP Industries Profile
UFP Industries, Inc manufactures and distributes wood and wood alternative products. It operates through the following segments: Retail, Industrial and Construction. The Retail segment comprises national home center retailers, retail-oriented regional lumberyards and contractor-oriented lumberyards. The Industrial segment manufacturers pallets, specialty crates, wooden boxes, and other containers used for packaging, shipping and material handling purposes.
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