Insider Selling: Universal Forest Products, Inc. (UFPI) VP Sells 3,000 Shares of Stock
Universal Forest Products, Inc. (NASDAQ:UFPI) VP Charles Scott Greene sold 3,000 shares of the stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $39.05, for a total transaction of $117,150.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Universal Forest Products, Inc. (NASDAQ:UFPI) traded up $0.09 during trading hours on Friday, reaching $39.16. The company had a trading volume of 337,400 shares, compared to its average volume of 365,858. Universal Forest Products, Inc. has a 12-month low of $25.93 and a 12-month high of $39.57. The firm has a market capitalization of $2,400.00, a P/E ratio of 21.77, a P/E/G ratio of 2.07 and a beta of 1.84. The company has a quick ratio of 1.40, a current ratio of 2.62 and a debt-to-equity ratio of 0.15.
Universal Forest Products (NASDAQ:UFPI) last released its quarterly earnings data on Tuesday, October 17th. The construction company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.03. Universal Forest Products had a return on equity of 12.05% and a net margin of 2.85%. The firm had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $984.99 million. During the same quarter in the prior year, the company posted $0.45 earnings per share. The firm’s revenue was up 27.8% on a year-over-year basis. equities analysts predict that Universal Forest Products, Inc. will post 1.87 earnings per share for the current year.
A number of large investors have recently added to or reduced their stakes in UFPI. Ladenburg Thalmann Financial Services Inc. increased its holdings in Universal Forest Products by 393.8% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,195 shares of the construction company’s stock worth $117,000 after buying an additional 953 shares during the last quarter. Riverhead Capital Management LLC increased its holdings in Universal Forest Products by 77.6% in the second quarter. Riverhead Capital Management LLC now owns 1,598 shares of the construction company’s stock worth $140,000 after buying an additional 698 shares during the last quarter. Flinton Capital Management LLC increased its holdings in Universal Forest Products by 68.6% in the second quarter. Flinton Capital Management LLC now owns 1,652 shares of the construction company’s stock worth $144,000 after buying an additional 672 shares during the last quarter. Optimum Investment Advisors acquired a new position in Universal Forest Products during the second quarter valued at approximately $210,000. Finally, Verity Asset Management Inc. acquired a new position in Universal Forest Products during the third quarter valued at approximately $219,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.
A number of analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Universal Forest Products from a “hold” rating to a “strong-buy” rating and set a $41.67 price target for the company in a research report on Monday, October 23rd. BMO Capital Markets began coverage on Universal Forest Products in a report on Tuesday, October 17th. They issued a “market perform” rating and a $36.67 price objective on the stock. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. Universal Forest Products has an average rating of “Hold” and an average target price of $39.17.
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Universal Forest Products Company Profile
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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