Universal Forest Products, Inc. (NASDAQ:UFPI) Director Mary E. Tuuk acquired 10,000 shares of the firm’s stock in a transaction on Tuesday, March 13th. The shares were acquired at an average price of $33.90 per share, with a total value of $339,000.00. Following the completion of the purchase, the director now owns 8,277 shares in the company, valued at approximately $280,590.30. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Universal Forest Products, Inc. (NASDAQ UFPI) traded down $0.38 during trading hours on Wednesday, hitting $33.41. 102,667 shares of the stock traded hands, compared to its average volume of 309,310. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.33 and a current ratio of 2.85. The stock has a market cap of $2,058.27, a price-to-earnings ratio of 18.21, a price-to-earnings-growth ratio of 2.86 and a beta of 1.80. Universal Forest Products, Inc. has a 52-week low of $25.93 and a 52-week high of $39.58.
Universal Forest Products (NASDAQ:UFPI) last posted its earnings results on Thursday, February 22nd. The construction company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.03). The firm had revenue of $966.09 million for the quarter, compared to analysts’ expectations of $970.05 million. Universal Forest Products had a net margin of 3.03% and a return on equity of 12.10%. Universal Forest Products’s revenue for the quarter was up 12.4% compared to the same quarter last year. During the same period last year, the firm earned $0.34 earnings per share. equities research analysts forecast that Universal Forest Products, Inc. will post 2.35 EPS for the current year.
Several large investors have recently bought and sold shares of the company. Xact Kapitalforvaltning AB purchased a new position in shares of Universal Forest Products during the 4th quarter valued at approximately $226,000. Envestnet Asset Management Inc. increased its holdings in shares of Universal Forest Products by 192.2% during the 4th quarter. Envestnet Asset Management Inc. now owns 8,990 shares of the construction company’s stock valued at $339,000 after purchasing an additional 5,913 shares in the last quarter. William Blair Investment Management LLC increased its holdings in shares of Universal Forest Products by 2,462.8% during the 4th quarter. William Blair Investment Management LLC now owns 510,006 shares of the construction company’s stock valued at $19,186,000 after purchasing an additional 490,106 shares in the last quarter. MetLife Investment Advisors LLC purchased a new position in shares of Universal Forest Products during the 4th quarter valued at approximately $1,078,000. Finally, Gotham Asset Management LLC purchased a new position in shares of Universal Forest Products during the 4th quarter valued at approximately $5,143,000. 80.70% of the stock is owned by hedge funds and other institutional investors.
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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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