Universal Forest Products, Inc. (NASDAQ:UFPI) has received a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating. Universal Forest Products’ rating score has improved by 50% from three months ago as a result of a number of analysts’ upgrades and downgrades.

Brokers have set a 1-year consensus target price of $123.00 for the company and are anticipating that the company will post $1.85 earnings per share for the current quarter, according to Zacks. Zacks has also given Universal Forest Products an industry rank of 14 out of 265 based on the ratings given to related companies.

UFPI has been the topic of several research analyst reports. Zacks Investment Research raised Universal Forest Products from a “sell” rating to a “buy” rating and set a $110.00 target price on the stock in a research report on Friday, March 17th. ValuEngine raised Universal Forest Products from a “hold” rating to a “buy” rating in a research report on Thursday, May 11th.

In other Universal Forest Products news, Director Michael G. Wooldridge bought 500 shares of the business’s stock in a transaction dated Thursday, March 2nd. The shares were acquired at an average price of $99.24 per share, with a total value of $49,620.00. Following the transaction, the director now owns 1,808 shares of the company’s stock, valued at $179,425.92. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Charles Scott Greene sold 2,475 shares of the firm’s stock in a transaction dated Thursday, March 16th. The stock was sold at an average price of $99.49, for a total value of $246,237.75. Following the sale, the vice president now directly owns 5,298 shares in the company, valued at approximately $527,098.02. The disclosure for this sale can be found here. 3.50% of the stock is currently owned by company insiders.

Several large investors have recently modified their holdings of the company. BlackRock Inc. raised its stake in shares of Universal Forest Products by 24,097.2% in the first quarter. BlackRock Inc. now owns 3,185,077 shares of the construction company’s stock valued at $313,858,000 after buying an additional 3,171,914 shares during the period. Vanguard Group Inc. raised its stake in shares of Universal Forest Products by 1.0% in the first quarter. Vanguard Group Inc. now owns 1,772,923 shares of the construction company’s stock valued at $174,704,000 after buying an additional 18,197 shares during the period. BlackRock Institutional Trust Company N.A. raised its stake in shares of Universal Forest Products by 7.5% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 751,647 shares of the construction company’s stock valued at $74,030,000 after buying an additional 52,176 shares during the period. Principal Financial Group Inc. raised its stake in shares of Universal Forest Products by 27.2% in the first quarter. Principal Financial Group Inc. now owns 414,770 shares of the construction company’s stock valued at $40,871,000 after buying an additional 88,604 shares during the period. Finally, Northern Trust Corp raised its stake in shares of Universal Forest Products by 0.8% in the third quarter. Northern Trust Corp now owns 345,079 shares of the construction company’s stock valued at $33,986,000 after buying an additional 2,569 shares during the period. 81.12% of the stock is currently owned by institutional investors and hedge funds.

Shares of Universal Forest Products (NASDAQ:UFPI) traded up 1.75% during trading on Tuesday, reaching $89.94. 108,584 shares of the company’s stock were exchanged. The company has a market capitalization of $1.85 billion, a P/E ratio of 17.85 and a beta of 1.70. The stock has a 50-day moving average price of $94.71 and a 200 day moving average price of $98.39. Universal Forest Products has a 12-month low of $78.35 and a 12-month high of $110.97.

Universal Forest Products (NASDAQ:UFPI) last issued its earnings results on Tuesday, April 18th. The construction company reported $1.03 earnings per share for the quarter, hitting the consensus estimate of $1.03. Universal Forest Products had a return on equity of 12.31% and a net margin of 3.27%. The business had revenue of $846.10 million for the quarter, compared to analyst estimates of $812.57 million. During the same quarter last year, the company earned $0.95 EPS. The business’s quarterly revenue was up 24.0% on a year-over-year basis. Equities analysts expect that Universal Forest Products will post $5.87 EPS for the current fiscal year.

The firm also recently announced a semiannual dividend, which will be paid on Thursday, June 15th. Stockholders of record on Thursday, June 1st will be given a dividend of $0.45 per share. This represents a dividend yield of 0.94%. The ex-dividend date is Tuesday, May 30th. Universal Forest Products’s dividend payout ratio (DPR) is presently 18.44%.

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About Universal Forest Products

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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