Universal Forest Products (UFPI) – Investment Analysts’ Recent Ratings Changes

Universal Forest Products (NASDAQ: UFPI) recently received a number of ratings updates from brokerages and research firms:

  • 6/17/2017 – Universal Forest Products was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 6/9/2017 – Universal Forest Products was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “We believe that strengthening demand in the U.S. construction market will bode well for Universal Forest Products in the long run. Enhancement of operating margin remains its primary area of focus. In first-quarter 2017, the company's earnings of $1.03 per share came in line with the Zacks Consensus Estimate. For 2017, the company expects an improvement in the top line, backed by addition of customers and products to its portfolio through organic and inorganic means. However, in the last three months, the company's shares underperformed the Zacks categorized Building Products Wood industry. Also, the company's exposure to near-term headwinds including adverse foreign currency movements, geopolitical issues, higher costs & expenses and stiff competition might weigh on its financial in the quarters ahead.”
  • 6/5/2017 – Universal Forest Products was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $101.00 price target on the stock. According to Zacks, “Month to date, Universal Forest Products' shares outperformed the Zacks categorized Building Products Wood industry. We believe that strengthening demand in the U.S. construction market will bode well for the company in the long run. Enhancement of operating margin remains its primary area of focus. In first-quarter 2017, the company's earnings of $1.03 per share came in line with the Zacks Consensus Estimate. For 2017, the company expects an improvement in the top line, backed by addition of customers and products to its portfolio through organic and inorganic means. In the last 60 days, earnings estimates on the stock increased for both 2017 and 2018.”
  • 6/2/2017 – Universal Forest Products was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Over the last three months, Universal Forest Products’ shares underperformed the Zacks categorized Building Products – Wood industry. Certain headwinds such as sudden fall in market demand share, stiff industry rivalry or unfavorable government policies might hurt the company’s near-term results. Moreover, dismal conditions in the U.S. housing market might also weigh over its performance. However, the company is poised to grow on the back of a strong operating margin. In first-quarter 2017, the company's earnings of $1.03 per share came in line with the Zacks Consensus Estimate, while growing 8.4% year over year. Notably, for 2017, the company expects an improvement in the top line, backed by addition of customers and products to its portfolio through organic and inorganic means. In the last 60 days, the Zacks Consensus Estimate for the stock remained unchanged for both 2017 and 2018.”
  • 6/2/2017 – Universal Forest Products was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 5/11/2017 – Universal Forest Products was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.

Shares of Universal Forest Products, Inc. (NASDAQ UFPI) traded down 0.94% on Tuesday, hitting $88.77. 2,326 shares of the stock traded hands. The firm’s 50-day moving average is $89.53 and its 200 day moving average is $97.51. The firm has a market cap of $1.82 billion, a P/E ratio of 17.62 and a beta of 1.86. Universal Forest Products, Inc. has a 12-month low of $83.24 and a 12-month high of $110.97.

Universal Forest Products (NASDAQ:UFPI) last released its quarterly earnings data on Tuesday, April 18th. The construction company reported $1.03 EPS for the quarter, hitting analysts’ consensus estimates of $1.03. The firm had revenue of $846.10 million during the quarter, compared to the consensus estimate of $812.57 million. Universal Forest Products had a net margin of 3.03% and a return on equity of 12.03%. The firm’s revenue was up 24.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.95 earnings per share. Equities research analysts forecast that Universal Forest Products, Inc. will post $5.87 EPS for the current fiscal year.

The firm also recently disclosed a semiannual dividend, which was paid on Thursday, June 15th. Shareholders of record on Thursday, June 1st were issued a $0.45 dividend. This represents a yield of 0.94%. The ex-dividend date of this dividend was Tuesday, May 30th. Universal Forest Products’s dividend payout ratio is presently 17.82%.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:UFPI”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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