Universal Forest Products Inc. (NASDAQ:UFPI) has been assigned an average broker rating score of 3.00 (Hold) from the two brokers that cover the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a hold rating. Universal Forest Products’ rating score has improved by 18.3% from 90 days ago as a result of a number of analysts’ upgrades and downgrades.
Brokers have set a one year consensus price objective of $105.00 for the company and are expecting that the company will post $1.46 EPS for the current quarter, according to Zacks. Zacks has also given Universal Forest Products an industry rank of 36 out of 265 based on the ratings given to its competitors.
UFPI has been the subject of several recent research reports. Zacks Investment Research cut Universal Forest Products from a “buy” rating to a “hold” rating in a report on Monday, July 18th. DA Davidson raised Universal Forest Products from an “underperform” rating to a “neutral” rating in a research note on Friday, July 22nd.
In other news, VP Charles Scott Greene sold 4,639 shares of the company’s stock in a transaction dated Friday, September 2nd. The stock was sold at an average price of $109.99, for a total value of $510,243.61. Following the completion of the sale, the vice president now directly owns 9,298 shares of the company’s stock, valued at approximately $1,022,687.02. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Matthew J. Missad sold 400 shares of the company’s stock in a transaction dated Friday, September 9th. The shares were sold at an average price of $102.75, for a total value of $41,100.00. Following the completion of the sale, the chief executive officer now directly owns 55,559 shares of the company’s stock, valued at $5,708,687.25. The disclosure for this sale can be found here. 3.50% of the stock is owned by insiders.
Several hedge funds have recently made changes to their positions in UFPI. Vanguard Group Inc. boosted its stake in Universal Forest Products by 15.0% in the second quarter. Vanguard Group Inc. now owns 1,844,299 shares of the company’s stock worth $170,949,000 after buying an additional 239,898 shares during the last quarter. BlackRock Fund Advisors boosted its stake in Universal Forest Products by 2.1% in the second quarter. BlackRock Fund Advisors now owns 1,446,648 shares of the company’s stock worth $134,090,000 after buying an additional 29,191 shares during the last quarter. State Street Corp boosted its stake in Universal Forest Products by 28.8% in the second quarter. State Street Corp now owns 556,128 shares of the company’s stock worth $51,552,000 after buying an additional 124,413 shares during the last quarter. Acadian Asset Management LLC boosted its stake in Universal Forest Products by 10.0% in the second quarter. Acadian Asset Management LLC now owns 552,977 shares of the company’s stock worth $51,257,000 after buying an additional 50,346 shares during the last quarter. Finally, Prudential Financial Inc. boosted its stake in Universal Forest Products by 8.9% in the second quarter. Prudential Financial Inc. now owns 311,154 shares of the company’s stock worth $28,841,000 after buying an additional 25,360 shares during the last quarter. 82.43% of the stock is owned by institutional investors.
Shares of Universal Forest Products (NASDAQ:UFPI) opened at 100.75 on Friday. Universal Forest Products has a 12-month low of $57.11 and a 12-month high of $110.97. The company has a 50 day moving average of $105.18 and a 200-day moving average of $92.96. The firm has a market cap of $2.05 billion, a PE ratio of 21.08 and a beta of 1.66.
Universal Forest Products (NASDAQ:UFPI) last announced its quarterly earnings data on Wednesday, July 20th. The company reported $1.64 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.48 by $0.16. The firm earned $872.10 million during the quarter, compared to analysts’ expectations of $903.33 million. Universal Forest Products had a return on equity of 12.38% and a net margin of 3.27%. The company’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same period in the previous year, the business posted $1.28 EPS. Equities research analysts forecast that Universal Forest Products will post $4.84 EPS for the current fiscal year.
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: retail, construction and industrial. Its industrial market serves as industrial manufacturers and other customers for packaging, material handling and other applications.
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