Thu Sep 26 15:00:02 UTC 2024: ## Public Employees Retirement Association of Colorado Cuts UFP Industries Stake

**Denver, CO – September 26, 2024** – The Public Employees Retirement Association of Colorado (PERA) has trimmed its stake in UFP Industries, Inc. (NASDAQ: UFPI) by 5.1% during the second quarter, according to the company’s latest SEC filing. PERA now owns 6,511 shares of the construction company, valued at $729,000.

This move comes as several other institutional investors have adjusted their holdings in UFP Industries. Henrickson Nauta Wealth Advisors Inc. significantly increased its stake by 82.3% in the first quarter, while Picton Mahoney Asset Management raised its position by 103.3% in the second quarter. Stifel Financial Corp. also boosted its stake by 194.1% in the fourth quarter.

Meanwhile, F M Investments LLC acquired a new stake in UFP Industries during the second quarter, worth $6,028,000, and First Trust Advisors LP grew its holdings by 21.0% during the fourth quarter. Hedge funds and other institutional investors currently own 81.81% of the company’s stock.

UFP Industries, Inc. designs, manufactures, and markets wood and non-wood composites, and other materials worldwide. The company operates through three segments: Retail, Packaging, and Construction.

Despite the recent reduction in holdings by PERA, UFP Industries remains a popular stock among investors. Several research firms have recently issued positive outlooks for the company, with Stifel Nicolaus, Benchmark, and BMO Capital Markets raising their target prices.

Overall, UFP Industries continues to be a strong performer with a “Moderate Buy” consensus rating from analysts and a consensus price target of $132.60. The company’s stock opened at $129.04 on Thursday, with a market capitalization of $7.86 billion.

This news article summarizes the information provided in the original text, focusing on key details about the changes in institutional holdings, UFP Industries’ business, and recent analyst ratings.

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