Universal Forest Products, Inc. (NASDAQ:UFPI) insider Patrick M. Webster sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $88.80, for a total transaction of $133,200.00. Following the sale, the insider now directly owns 59,915 shares of the company’s stock, valued at approximately $5,320,452. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Shares of Universal Forest Products, Inc. (NASDAQ UFPI) traded down 1.03% during mid-day trading on Thursday, hitting $88.26. 129,479 shares of the stock traded hands. Universal Forest Products, Inc. has a 52 week low of $77.80 and a 52 week high of $108.79. The stock has a market cap of $1.80 billion, a price-to-earnings ratio of 17.51 and a beta of 1.84. The firm’s 50-day moving average is $83.97 and its 200-day moving average is $89.97.

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

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Several institutional investors and hedge funds have recently bought and sold shares of the company. Dynamic Technology Lab Private Ltd purchased a new position in shares of Universal Forest Products during the second quarter valued at approximately $576,000. Piedmont Investment Advisors LLC purchased a new position in shares of Universal Forest Products during the second quarter valued at approximately $387,000. Westwood Holdings Group Inc. purchased a new position in shares of Universal Forest Products during the second quarter valued at approximately $2,556,000. ZPR Investment Management purchased a new position in shares of Universal Forest Products during the second quarter valued at approximately $1,879,000. Finally, The Manufacturers Life Insurance Company increased its stake in shares of Universal Forest Products by 1.5% during the second quarter. The Manufacturers Life Insurance Company now owns 15,440 shares of the construction company’s stock valued at $1,348,000 after buying an additional 221 shares during the period. 80.58% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts have recently commented on UFPI shares. Zacks Investment Research raised shares of Universal Forest Products from a “hold” rating to a “buy” rating and set a $101.00 price objective for the company in a research report on Monday, June 5th. Sidoti started coverage on shares of Universal Forest Products in a research report on Tuesday, July 25th. They set a “buy” rating for the company. BidaskClub raised shares of Universal Forest Products from a “sell” rating to a “hold” rating in a research report on Saturday, June 17th. Finally, ValuEngine downgraded shares of Universal Forest Products from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. Universal Forest Products presently has an average rating of “Hold” and a consensus target price of $105.50.

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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