Universal Forest Products, Inc. (NASDAQ:UFPI) insider Patrick M. Webster sold 996 shares of Universal Forest Products stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $88.93, for a total transaction of $88,574.28. Following the transaction, the insider now directly owns 58,919 shares in the company, valued at $5,239,666.67. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Shares of Universal Forest Products, Inc. (UFPI) traded up 1.03% on Friday, hitting $89.21. 192,277 shares of the stock traded hands. The firm has a 50 day moving average price of $84.10 and a 200 day moving average price of $89.95. The firm has a market cap of $1.82 billion, a PE ratio of 17.70 and a beta of 1.84. Universal Forest Products, Inc. has a 52-week low of $77.80 and a 52-week high of $108.79.

Universal Forest Products (NASDAQ:UFPI) last released its quarterly earnings results 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 for the quarter, compared to analysts’ expectations of $1.04 billion. During the same quarter in the previous year, the company posted $1.64 EPS. The business’s quarterly revenue was up 23.0% on a year-over-year basis. On average, equities analysts forecast that Universal Forest Products, Inc. will post $5.60 EPS for the current year.

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A number of large investors have recently added to or reduced their stakes in the stock. Alps Advisors Inc. raised its holdings in Universal Forest Products by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 5,090 shares of the construction company’s stock valued at $444,000 after buying an additional 14 shares during the period. Renaissance Group LLC raised its holdings in Universal Forest Products by 0.8% during the 2nd quarter. Renaissance Group LLC now owns 3,386 shares of the construction company’s stock valued at $296,000 after buying an additional 28 shares during the period. Suntrust Banks Inc. raised its holdings in Universal Forest Products by 1.1% during the 1st quarter. Suntrust Banks Inc. now owns 3,373 shares of the construction company’s stock valued at $331,000 after buying an additional 37 shares during the period. Municipal Employees Retirement System of Michigan raised its holdings in Universal Forest Products by 1.0% during the 1st quarter. Municipal Employees Retirement System of Michigan now owns 6,950 shares of the construction company’s stock valued at $685,000 after buying an additional 70 shares during the period. Finally, Nisa Investment Advisors LLC raised its holdings in Universal Forest Products by 0.6% during the 2nd quarter. Nisa Investment Advisors LLC now owns 16,380 shares of the construction company’s stock valued at $1,430,000 after buying an additional 100 shares during the period. Institutional investors own 80.58% of the company’s stock.

Several research analysts have commented on UFPI shares. Zacks Investment Research downgraded shares of Universal Forest Products from a “buy” rating to a “hold” rating in a research note on Friday, June 9th. ValuEngine downgraded shares of Universal Forest Products from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. BidaskClub downgraded shares of Universal Forest Products from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Finally, Sidoti started coverage on shares of Universal Forest Products in a research note on Tuesday, July 25th. They set a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. Universal Forest Products currently has an average rating of “Hold” and an average price target 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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