BancorpSouth Bank acquired a new position in Universal Forest Products, Inc. (NASDAQ:UFPI) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 17,592 shares of the construction company’s stock, valued at approximately $661,000.
A number of other large investors have also recently added to or reduced their stakes in the business. Ramsey Quantitative Systems increased its stake in Universal Forest Products by 147.4% in the 4th quarter. Ramsey Quantitative Systems now owns 8,943 shares of the construction company’s stock worth $336,000 after acquiring an additional 5,328 shares during the last quarter. OppenheimerFunds Inc. increased its stake in Universal Forest Products by 145.6% in the 4th quarter. OppenheimerFunds Inc. now owns 79,087 shares of the construction company’s stock worth $2,975,000 after acquiring an additional 46,884 shares during the last quarter. State of Tennessee Treasury Department increased its stake in Universal Forest Products by 170.5% in the 4th quarter. State of Tennessee Treasury Department now owns 48,486 shares of the construction company’s stock worth $1,824,000 after acquiring an additional 30,564 shares during the last quarter. Gendell Jeffrey L increased its stake in Universal Forest Products by 280.8% in the 4th quarter. Gendell Jeffrey L now owns 323,411 shares of the construction company’s stock worth $12,167,000 after acquiring an additional 238,471 shares during the last quarter. Finally, Synovus Financial Corp bought a new stake in Universal Forest Products in the 4th quarter worth approximately $207,000. 58.41% of the stock is currently owned by institutional investors and hedge funds.
A number of research firms have issued reports on UFPI. BidaskClub downgraded Universal Forest Products from a “buy” rating to a “hold” rating in a research note on Tuesday, December 12th. Zacks Investment Research downgraded Universal Forest Products from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 19th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $39.17.
Universal Forest Products (NASDAQ:UFPI) last released its earnings results on Thursday, February 22nd. The construction company reported $0.41 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.03). The company had revenue of $966.09 million for the quarter, compared to the consensus estimate of $970.05 million. Universal Forest Products had a net margin of 3.03% and a return on equity of 12.10%. The business’s revenue for the quarter was up 12.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.34 EPS.
In other news, CEO Matthew J. Missad sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $37.19, for a total transaction of $743,800.00. Following the transaction, the chief executive officer now owns 201,732 shares of the company’s stock, valued at approximately $7,502,413.08. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Charles Scott Greene sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $39.05, for a total value of $117,150.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 29,299 shares of company stock worth $1,097,163. Corporate insiders own 3.40% of the company’s stock.
Universal Forest Products Company 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.
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