Universal Forest Products, Inc. (NASDAQ:UFPI) insider Patrick M. Webster sold 11,325 shares of Universal Forest Products stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $37.00, for a total transaction of $419,025.00. Following the completion of the sale, the insider now owns 233,068 shares in the company, valued at approximately $8,623,516. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of NASDAQ:UFPI traded up $0.04 during midday trading on Friday, hitting $37.14. The company’s stock had a trading volume of 14 shares, compared to its average volume of 260,549. The company has a current ratio of 3.44, a quick ratio of 1.63 and a debt-to-equity ratio of 0.23. The company has a market cap of $2.25 billion, a P/E ratio of 15.94, a P/E/G ratio of 2.65 and a beta of 1.84. Universal Forest Products, Inc. has a 12-month low of $24.14 and a 12-month high of $39.41.
Universal Forest Products (NASDAQ:UFPI) last posted its quarterly earnings results on Wednesday, April 24th. The construction company reported $0.58 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.08. The firm had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.01 billion. Universal Forest Products had a net margin of 3.35% and a return on equity of 13.90%. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period last year, the firm posted $0.53 earnings per share. On average, analysts expect that Universal Forest Products, Inc. will post 2.79 earnings per share for the current year.
Large investors have recently bought and sold shares of the company. Vanguard Group Inc raised its stake in Universal Forest Products by 2.0% during the third quarter. Vanguard Group Inc now owns 5,944,007 shares of the construction company’s stock worth $210,001,000 after purchasing an additional 113,713 shares during the period. Vanguard Group Inc. raised its stake in Universal Forest Products by 2.0% during the third quarter. Vanguard Group Inc. now owns 5,944,007 shares of the construction company’s stock worth $210,001,000 after purchasing an additional 113,713 shares during the period. Dimensional Fund Advisors LP raised its stake in Universal Forest Products by 6.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,745,377 shares of the construction company’s stock worth $123,190,000 after purchasing an additional 285,891 shares during the period. Victory Capital Management Inc. raised its stake in Universal Forest Products by 19.1% during the fourth quarter. Victory Capital Management Inc. now owns 2,240,277 shares of the construction company’s stock worth $58,158,000 after purchasing an additional 360,027 shares during the period. Finally, Norges Bank purchased a new position in Universal Forest Products during the fourth quarter worth about $24,130,000. 82.43% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts have recently weighed in on the stock. BidaskClub raised shares of Universal Forest Products from a “hold” rating to a “buy” rating in a research note on Tuesday. ValuEngine raised shares of Universal Forest Products from a “strong sell” rating to a “sell” rating in a research note on Thursday, February 28th. Finally, Zacks Investment Research downgraded shares of Universal Forest Products from a “hold” rating to a “sell” rating in a research note on Tuesday, February 26th.
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About Universal Forest Products
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.
See Also: Book Value Per Share – BVPS
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