Universal Forest Products, Inc. (NASDAQ:UFPI) EVP Robert D. Coleman sold 10,000 shares of Universal Forest Products stock in a transaction dated Tuesday, September 11th. The shares were sold at an average price of $37.90, for a total transaction of $379,000.00. Following the sale, the executive vice president now directly owns 5,040 shares in the company, valued at approximately $191,016. The sale was disclosed in a legal filing with the SEC, which is available at this link.
NASDAQ:UFPI traded up $0.06 during mid-day trading on Friday, hitting $34.49. 330,924 shares of the company’s stock were exchanged, compared to its average volume of 287,340. Universal Forest Products, Inc. has a one year low of $31.16 and a one year high of $39.58. The company has a debt-to-equity ratio of 0.26, a current ratio of 3.00 and a quick ratio of 1.57. The firm has a market capitalization of $2.18 billion, a P/E ratio of 18.74, a PEG ratio of 2.86 and a beta of 1.84.
Universal Forest Products (NASDAQ:UFPI) last posted its quarterly earnings data on Wednesday, July 18th. The construction company reported $0.71 EPS for the quarter, missing the consensus estimate of $0.73 by ($0.02). The business had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.19 billion. Universal Forest Products had a return on equity of 13.07% and a net margin of 3.29%. The company’s revenue was up 20.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.64 EPS. On average, equities research analysts expect that Universal Forest Products, Inc. will post 2.48 earnings per share for the current fiscal year.
A number of equities research analysts have recently weighed in on UFPI shares. BidaskClub raised shares of Universal Forest Products from a “hold” rating to a “buy” rating in a research note on Thursday, September 13th. Seaport Global Securities started coverage on shares of Universal Forest Products in a research note on Friday, August 3rd. They set a “buy” rating and a $47.00 target price on the stock. Zacks Investment Research lowered shares of Universal Forest Products from a “buy” rating to a “hold” rating in a research note on Tuesday, June 19th. Finally, ValuEngine lowered shares of Universal Forest Products from a “hold” rating to a “sell” rating in a research note on Tuesday, September 4th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. Universal Forest Products presently has an average rating of “Hold” and a consensus price target of $41.33.
A number of institutional investors have recently modified their holdings of UFPI. Quantbot Technologies LP raised its holdings in Universal Forest Products by 267.4% in the first quarter. Quantbot Technologies LP now owns 3,310 shares of the construction company’s stock worth $107,000 after buying an additional 2,409 shares during the last quarter. DekaBank Deutsche Girozentrale raised its holdings in Universal Forest Products by 202.4% in the first quarter. DekaBank Deutsche Girozentrale now owns 3,420 shares of the construction company’s stock worth $109,000 after buying an additional 2,289 shares during the last quarter. Itau Unibanco Holding S.A. purchased a new position in Universal Forest Products in the second quarter worth about $119,000. Meeder Asset Management Inc. raised its holdings in Universal Forest Products by 179.0% in the first quarter. Meeder Asset Management Inc. now owns 3,962 shares of the construction company’s stock worth $129,000 after buying an additional 2,542 shares during the last quarter. Finally, Moneta Group Investment Advisors LLC raised its holdings in Universal Forest Products by 82.8% in the second quarter. Moneta Group Investment Advisors LLC now owns 4,615 shares of the construction company’s stock worth $169,000 after buying an additional 2,090 shares during the last quarter. 79.76% of the stock is owned by institutional investors and hedge funds.
About Universal Forest Products
Universal Forest Products, Inc, through its subsidiaries, designs, manufactures, and markets wood and wood-alternative products in North America, Europe, Asia, and Australia. The company offers preserved and unpreserved dimensional lumber; outdoor living products, including wood composite decking, and decorative lawn and garden products; and engineered wood components, which include roof and floor trusses, wall panels, engineered floor systems, I-joists, and lumber packages.
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