First Trust Advisors LP lifted its stake in Universal Forest Products, Inc. (NASDAQ:UFPI) by 249.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 82,343 shares of the construction company’s stock after buying an additional 58,796 shares during the period. First Trust Advisors LP owned approximately 0.13% of Universal Forest Products worth $3,098,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of UFPI. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Universal Forest Products by 370.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,942 shares of the construction company’s stock valued at $111,000 after buying an additional 2,316 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. grew its position in shares of Universal Forest Products by 393.8% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,195 shares of the construction company’s stock valued at $117,000 after buying an additional 953 shares during the last quarter. Delta Asset Management LLC TN grew its position in shares of Universal Forest Products by 200.0% in the 4th quarter. Delta Asset Management LLC TN now owns 4,758 shares of the construction company’s stock valued at $179,000 after buying an additional 3,172 shares during the last quarter. Verity Asset Management Inc. purchased a new position in shares of Universal Forest Products in the 3rd quarter valued at $219,000. Finally, Shelton Capital Management purchased a new position in shares of Universal Forest Products in the 4th quarter valued at $228,000. 80.70% of the stock is currently owned by hedge funds and other institutional investors.
In other Universal Forest Products news, VP Charles Scott Greene sold 3,299 shares of the firm’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $37.00, for a total transaction of $122,063.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Matthew J. Missad sold 20,000 shares of the firm’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $37.19, for a total transaction of $743,800.00. Following the transaction, the chief executive officer now directly owns 201,732 shares in the company, valued at $7,502,413.08. The disclosure for this sale can be found here. Company insiders own 3.40% of the company’s stock.
Universal Forest Products, Inc. (UFPI) opened at $33.79 on Wednesday. Universal Forest Products, Inc. has a 52-week low of $25.93 and a 52-week high of $39.58. 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 $2,070.00, a price-to-earnings ratio of 15.94, a price-to-earnings-growth ratio of 2.84 and a beta of 1.82.
Universal Forest Products (NASDAQ:UFPI) last issued its quarterly earnings data on Thursday, February 22nd. The construction company reported $0.41 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.03). Universal Forest Products had a return on equity of 12.10% and a net margin of 3.03%. The business had revenue of $966.09 million for the quarter, compared to analysts’ expectations of $970.05 million. During the same period in the previous year, the business posted $0.34 earnings per share. The company’s revenue for the quarter was up 12.4% on a year-over-year basis. equities analysts anticipate that Universal Forest Products, Inc. will post 2.35 earnings per share for the current fiscal year.
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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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