Universal Forest Products, Inc. (NASDAQ:UFPI) VP Michael F. Mordell sold 9,354 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $24.74, for a total transaction of $231,417.96. Following the completion of the transaction, the vice president now owns 5,405 shares of the company’s stock, valued at $133,719.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
UFPI stock opened at $38.93 on Friday. The company has a market capitalization of $2.42 billion, a PE ratio of 16.71, a price-to-earnings-growth ratio of 2.79 and a beta of 1.89. Universal Forest Products, Inc. has a one year low of $24.14 and a one year high of $42.00. The company’s 50 day moving average price is $38.33 and its two-hundred day moving average price is $34.36. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.50 and a current ratio of 2.89.
Universal Forest Products (NASDAQ:UFPI) last posted its quarterly earnings results on Wednesday, July 24th. The construction company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.81 by $0.07. The firm had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.30 billion. Universal Forest Products had a net margin of 3.63% and a return on equity of 14.42%. The business’s revenue was down 4.2% compared to the same quarter last year. During the same period last year, the firm posted $0.71 earnings per share. On average, research analysts predict that Universal Forest Products, Inc. will post 2.86 EPS for the current year.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. increased its stake in shares of Universal Forest Products by 1.8% in the second quarter. BlackRock Inc. now owns 10,050,877 shares of the construction company’s stock worth $382,537,000 after buying an additional 176,795 shares during the period. Dimensional Fund Advisors LP increased its position in Universal Forest Products by 6.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,745,377 shares of the construction company’s stock valued at $123,190,000 after purchasing an additional 285,891 shares during the period. Victory Capital Management Inc. increased its position in Universal Forest Products by 11.4% during the 2nd quarter. Victory Capital Management Inc. now owns 2,523,791 shares of the construction company’s stock valued at $96,055,000 after purchasing an additional 257,507 shares during the period. Northern Trust Corp increased its position in Universal Forest Products by 8.9% during the 2nd quarter. Northern Trust Corp now owns 1,177,481 shares of the construction company’s stock valued at $44,814,000 after purchasing an additional 95,832 shares during the period. Finally, Westwood Holdings Group Inc. increased its position in Universal Forest Products by 14.6% during the 1st quarter. Westwood Holdings Group Inc. now owns 1,067,593 shares of the construction company’s stock valued at $31,910,000 after purchasing an additional 136,112 shares during the period. 80.96% of the stock is currently owned by institutional investors.
Universal Forest Products Company Profile
Universal Forest Products, Inc, through its subsidiaries, designs, manufactures, and markets wood and wood-alternative products in North America, Europe, Asia, and Australia. The company offers preserved and unpreserved dimensional lumber; outdoor living products, including wood and wood composite decking and related accessories, and decorative lawn and garden products; and engineered wood components, which include roof and floor trusses, wall panels, engineered floor systems, I-joists, and lumber packages.
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