Dynamic Technology Lab Private Ltd Cuts Stake in Universal Forest Products, Inc. (UFPI)

Dynamic Technology Lab Private Ltd reduced its position in Universal Forest Products, Inc. (NASDAQ:UFPI) by 63.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,406 shares of the construction company’s stock after selling 4,191 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Universal Forest Products were worth $236,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Riverhead Capital Management LLC boosted its holdings in shares of Universal Forest Products by 77.6% in the 2nd quarter. Riverhead Capital Management LLC now owns 1,598 shares of the construction company’s stock worth $140,000 after purchasing an additional 698 shares in the last quarter. Flinton Capital Management LLC boosted its holdings in shares of Universal Forest Products by 68.6% in the 2nd quarter. Flinton Capital Management LLC now owns 1,652 shares of the construction company’s stock worth $144,000 after purchasing an additional 672 shares in the last quarter. Optimum Investment Advisors purchased a new position in shares of Universal Forest Products in the 2nd quarter worth about $210,000. Amalgamated Bank boosted its holdings in shares of Universal Forest Products by 5.0% in the 2nd quarter. Amalgamated Bank now owns 2,768 shares of the construction company’s stock worth $242,000 after purchasing an additional 133 shares in the last quarter. Finally, Renaissance Group LLC boosted its holdings in shares of Universal Forest Products by 0.8% in the 2nd quarter. Renaissance Group LLC now owns 3,386 shares of the construction company’s stock worth $296,000 after purchasing an additional 28 shares in the last quarter. Hedge funds and other institutional investors own 26.71% of the company’s stock.

In other Universal Forest Products news, EVP Robert D. Coleman sold 5,000 shares of the stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $110.15, for a total value of $550,750.00. Following the completion of the sale, the executive vice president now owns 1,680 shares in the company, valued at approximately $185,052. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Michael R. Cole sold 500 shares of the stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $110.00, for a total value of $55,000.00. Following the completion of the sale, the chief financial officer now owns 27,789 shares of the company’s stock, valued at approximately $3,056,790. The disclosure for this sale can be found here. In the last quarter, insiders sold 15,096 shares of company stock valued at $1,401,455. Company insiders own 3.40% of the company’s stock.

Several equities research analysts recently weighed in on the company. Zacks Investment Research upgraded Universal Forest Products from a “sell” rating to a “hold” rating in a report on Tuesday, September 19th. BMO Capital Markets assumed coverage on Universal Forest Products in a report on Tuesday, October 17th. They set a “market perform” rating and a $36.67 target price for the company. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $39.17.

Shares of Universal Forest Products, Inc. (NASDAQ UFPI) opened at $37.78 on Thursday. Universal Forest Products, Inc. has a fifty-two week low of $25.93 and a fifty-two week high of $39.58. The company has a current ratio of 2.62, a quick ratio of 1.40 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $2,392.52, a PE ratio of 22.01, a P/E/G ratio of 2.09 and a beta of 1.83.

Universal Forest Products (NASDAQ:UFPI) last released its quarterly earnings data on Tuesday, October 17th. The construction company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.03. Universal Forest Products had a return on equity of 12.05% and a net margin of 2.85%. The business had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $984.99 million. During the same quarter last year, the business posted $0.45 EPS. The business’s revenue was up 27.8% on a year-over-year basis. equities analysts predict that Universal Forest Products, Inc. will post 1.87 earnings per share for the current fiscal year.

The firm also recently disclosed a semiannual dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be issued a $0.17 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a yield of 0.31%. This is a boost from Universal Forest Products’s previous semiannual dividend of $0.15. Universal Forest Products’s dividend payout ratio (DPR) is 19.14%.

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Universal Forest Products Profile

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.

Institutional Ownership by Quarter for Universal Forest Products (NASDAQ:UFPI)

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