Universal Forest Products, Inc. (NASDAQ:UFPI) insider Patrick M. Webster sold 1,500 shares of Universal Forest Products stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $88.80, for a total value of $133,200.00. Following the sale, the insider now owns 59,915 shares in the company, valued at $5,320,452. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Shares of Universal Forest Products, Inc. (UFPI) opened at 89.21 on Friday. Universal Forest Products, Inc. has a 12-month low of $77.80 and a 12-month high of $108.79. The firm’s 50-day moving average price is $84.19 and its 200 day moving average price is $89.89. The stock has a market capitalization of $1.82 billion, a P/E ratio of 17.70 and a beta of 1.84.
Universal Forest Products (NASDAQ:UFPI) last announced its earnings results on Tuesday, July 18th. The construction company reported $1.64 earnings per share for the quarter, missing the consensus estimate of $1.85 by ($0.21). Universal Forest Products had a net margin of 2.86% and a return on equity of 11.73%. The business had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter in the previous year, the company earned $1.64 EPS. Universal Forest Products’s revenue for the quarter was up 23.0% compared to the same quarter last year. Analysts predict that Universal Forest Products, Inc. will post $5.60 EPS for the current fiscal year.
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Large investors have recently made changes to their positions in the stock. Virginia Retirement Systems ET AL boosted its stake in Universal Forest Products by 9.9% during the 2nd quarter. Virginia Retirement Systems ET AL now owns 25,500 shares of the construction company’s stock valued at $2,226,000 after purchasing an additional 2,300 shares during the period. Bank of New York Mellon Corp boosted its stake in Universal Forest Products by 17.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 434,215 shares of the construction company’s stock valued at $37,911,000 after purchasing an additional 64,958 shares during the period. Alpha Windward LLC boosted its stake in Universal Forest Products by 7.8% during the 2nd quarter. Alpha Windward LLC now owns 4,980 shares of the construction company’s stock valued at $435,000 after purchasing an additional 360 shares during the period. Credit Suisse AG boosted its stake in Universal Forest Products by 39.5% during the 1st quarter. Credit Suisse AG now owns 46,760 shares of the construction company’s stock valued at $4,607,000 after purchasing an additional 13,236 shares during the period. Finally, Canada Pension Plan Investment Board bought a new stake in Universal Forest Products during the 2nd quarter valued at approximately $2,095,000. Hedge funds and other institutional investors own 80.58% of the company’s stock.
UFPI has been the topic of several analyst reports. Zacks Investment Research upgraded Universal Forest Products from a “hold” rating to a “buy” rating and set a $101.00 price objective on the stock in a report on Monday, June 5th. Sidoti initiated coverage on Universal Forest Products in a report on Tuesday, July 25th. They set a “buy” rating on the stock. BidaskClub upgraded Universal Forest Products from a “sell” rating to a “hold” rating in a report on Saturday, June 17th. Finally, ValuEngine downgraded Universal Forest Products from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $105.50.
About Universal Forest Products
Universal Forest Products, Inc is a holding company. The Company, through its subsidiaries, supplies wood, wood composite and other products to three primary markets, such as retail, construction and industrial. Its segments include North, South, West, Alternative Materials, International, idX Holdings, Inc (idX) and Corporate divisions.
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