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Natixis Advisors L.P. Trims Stock Position in UFP Industries, Inc.



Natixis Advisors L.P. trimmed its stake in UFP Industries, Inc. (NASDAQ:UFPIFree Report) by 44.2% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 23,091 shares of the construction company’s stock after selling 18,255 shares during the period. Natixis Advisors L.P.’s holdings in UFP Industries were worth $2,898,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Certuity LLC purchased a new position in shares of UFP Industries during the fourth quarter worth about $281,000. Van ECK Associates Corp grew its stake in UFP Industries by 26.4% during the 4th quarter. Van ECK Associates Corp now owns 17,906 shares of the construction company’s stock worth $2,248,000 after buying an additional 3,739 shares during the last quarter. Bahl & Gaynor Inc. increased its position in UFP Industries by 1.1% during the fourth quarter. Bahl & Gaynor Inc. now owns 51,185 shares of the construction company’s stock worth $6,426,000 after buying an additional 576 shares during the period. GAMMA Investing LLC purchased a new stake in UFP Industries in the fourth quarter valued at approximately $30,000. Finally, Wedge Capital Management L L P NC boosted its holdings in shares of UFP Industries by 8.4% in the fourth quarter. Wedge Capital Management L L P NC now owns 60,410 shares of the construction company’s stock valued at $7,584,000 after acquiring an additional 4,667 shares during the period. 81.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Benchmark cut their target price on shares of UFP Industries from $137.00 to $133.00 and set a “buy” rating on the stock in a report on Wednesday, May 1st. Wedbush reaffirmed a “neutral” rating and issued a $102.00 target price on shares of UFP Industries in a report on Thursday, February 22nd. StockNews.com lowered UFP Industries from a “strong-buy” rating to a “buy” rating in a report on Thursday, April 4th. Finally, Stifel Nicolaus boosted their price target on UFP Industries from $115.00 to $125.00 and gave the company a “buy” rating in a research report on Wednesday, February 21st. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, UFP Industries has a consensus rating of “Moderate Buy” and a consensus target price of $113.20.

Get Our Latest Analysis on UFP Industries

Insiders Place Their Bets

In other news, CEO Matthew J. Missad sold 5,018 shares of the stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $114.05, for a total value of $572,302.90. Following the completion of the transaction, the…

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