Universal Forest Products (NASDAQ:UFPI) insider Allen T. Peters sold 1,500 shares of the business’s stock in a transaction on Thursday, March 22nd. The shares were sold at an average price of $33.50, for a total value of $50,250.00. Following the completion of the sale, the insider now owns 91,830 shares of the company’s stock, valued at $3,076,305. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
Shares of Universal Forest Products stock opened at $31.94 on Friday. The firm has a market capitalization of $1,954.82, a price-to-earnings ratio of 17.30, a PEG ratio of 2.72 and a beta of 1.80. The company has a current ratio of 2.85, a quick ratio of 1.33 and a debt-to-equity ratio of 0.15. Universal Forest Products has a 1 year low of $25.93 and a 1 year high of $39.58.
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 analysts’ consensus estimates 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 was up 12.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.34 earnings per share. sell-side analysts anticipate that Universal Forest Products will post 2.35 earnings per share for the current year.
Several research firms recently issued reports on UFPI. Zacks Investment Research upgraded Universal Forest Products from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a research note on Wednesday, February 28th. BidaskClub downgraded Universal Forest Products from a “hold” rating to a “sell” rating in a research report on Friday, January 19th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $38.33.
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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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