Universal Forest Products (UFPI) Shares Bought by Two Sigma Investments LP

Two Sigma Investments LP lifted its position in Universal Forest Products (NASDAQ:UFPI) by 206.1% in the 4th quarter, Holdings Channel reports. The firm owned 133,978 shares of the construction company’s stock after purchasing an additional 90,209 shares during the quarter. Two Sigma Investments LP’s holdings in Universal Forest Products were worth $5,040,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently made changes to their positions in UFPI. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Universal Forest Products by 370.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,942 shares of the construction company’s stock worth $111,000 after purchasing an additional 2,316 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. raised its stake in shares of Universal Forest Products by 393.8% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,195 shares of the construction company’s stock worth $117,000 after purchasing an additional 953 shares during the last quarter. Delta Asset Management LLC TN raised its stake in shares of Universal Forest Products by 200.0% in the fourth quarter. Delta Asset Management LLC TN now owns 4,758 shares of the construction company’s stock worth $179,000 after purchasing an additional 3,172 shares during the last quarter. Synovus Financial Corp purchased a new position in shares of Universal Forest Products in the fourth quarter worth about $207,000. Finally, Koch Industries Inc. purchased a new position in shares of Universal Forest Products in the fourth quarter worth about $216,000. Hedge funds and other institutional investors own 80.71% of the company’s stock.

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Several research analysts have recently issued reports on the company. Zacks Investment Research upgraded Universal Forest Products from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a research note on Wednesday, February 28th. BidaskClub cut Universal Forest Products from a “buy” rating to a “hold” rating in a research note on Tuesday, December 12th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $38.33.

In related news, insider Allen T. Peters sold 1,500 shares of the firm’s stock in a transaction dated Thursday, March 22nd. The stock was sold at an average price of $33.50, for a total transaction of $50,250.00. Following the sale, the insider now directly owns 91,830 shares of the company’s stock, valued at $3,076,305. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Charles Scott Greene sold 5,695 shares of the firm’s stock in a transaction dated Tuesday, March 13th. The stock was sold at an average price of $33.59, for a total value of $191,295.05. Following the sale, the vice president now directly owns 15,078 shares in the company, valued at $506,470.02. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 18,790 shares of company stock worth $631,369. 3.40% of the stock is owned by corporate insiders.

UFPI stock opened at $31.94 on Friday. Universal Forest Products has a 12 month low of $25.93 and a 12 month high of $39.58. The stock has a market capitalization of $2,023.38, a PE ratio of 17.90, a PEG ratio of 2.81 and a beta of 1.80. The company has a quick ratio of 1.33, a current ratio of 2.85 and a debt-to-equity ratio of 0.15.

Universal Forest Products (NASDAQ:UFPI) last announced its quarterly earnings data on Thursday, February 22nd. The construction company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.03). The firm had revenue of $966.09 million during the quarter, compared to analysts’ expectations of $970.05 million. Universal Forest Products had a return on equity of 12.10% and a net margin of 3.03%. The company’s revenue for the quarter was up 12.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.34 earnings per share. research analysts anticipate that Universal Forest Products will post 2.35 EPS for the current year.

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About Universal Forest Products

Universal Forest Products, Inc, through its subsidiaries, designs, manufactures, and markets wood and wood-alternative products in North America, Europe, Asia, and Australia. The company offers preserved and unpreserved dimensional lumber; outdoor living products, including wood composite decking, and decorative lawn and garden products; and engineered wood components, which include roof and floor trusses, wall panels, engineered floor systems, I-joists, and lumber packages.

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

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