Shares of Universal Forest Products, Inc. (NASDAQ:UFPI) have been assigned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.

Brokers have set a twelve-month consensus price objective of $123.00 for the company and are predicting that the company will post $1.43 earnings per share for the current quarter, according to Zacks. Zacks has also given Universal Forest Products an industry rank of 73 out of 265 based on the ratings given to its competitors.

UFPI has been the topic of several analyst reports. Zacks Investment Research lowered Universal Forest Products from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. ValuEngine lowered Universal Forest Products from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. BidaskClub lowered Universal Forest Products from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Finally, Sidoti initiated coverage on Universal Forest Products in a report on Tuesday, July 25th. They set a “buy” rating on the stock.

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Shares of Universal Forest Products (NASDAQ:UFPI) traded up 1.62% during midday trading on Friday, hitting $84.91. 89,396 shares of the stock traded hands. Universal Forest Products has a 1-year low of $82.25 and a 1-year high of $110.97. The stock has a 50 day moving average of $87.15 and a 200 day moving average of $93.84. The company has a market capitalization of $1.74 billion, a P/E ratio of 16.84 and a beta of 1.88.

Universal Forest Products (NASDAQ:UFPI) last posted its quarterly earnings data on Tuesday, July 18th. The construction company reported $1.64 earnings per share for the quarter, missing the consensus estimate of $1.85 by $0.21. The firm had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.04 billion. Universal Forest Products had a return on equity of 11.73% and a net margin of 2.86%. The firm’s quarterly revenue was up 23.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.64 EPS. Equities research analysts predict that Universal Forest Products will post $5.60 earnings per share for the current fiscal year.

Hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. raised its stake in 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 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. Bank of New York Mellon Corp raised its stake in Universal Forest Products by 17.6% in the second quarter. Bank of New York Mellon Corp now owns 434,215 shares of the construction company’s stock valued at $37,911,000 after buying an additional 64,958 shares during the period. Principal Financial Group Inc. raised its stake in 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, Copper Rock Capital Partners LLC raised its stake in Universal Forest Products by 1.7% in the first quarter. Copper Rock Capital Partners LLC now owns 266,173 shares of the construction company’s stock valued at $26,082,000 after buying an additional 4,496 shares during the period. 79.36% of the stock is currently owned by institutional investors.

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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