Universal Forest Products, Inc. (UFPI) Insider Sells $419,025.00 in Stock

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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.

The firm also recently declared a semiannual dividend, which will be paid on Saturday, June 15th. Stockholders of record on Saturday, June 1st will be paid a $0.20 dividend. This is an increase from Universal Forest Products’s previous semiannual dividend of $0.18. This represents a dividend yield of 1.02%. The ex-dividend date of this dividend is Thursday, May 30th. Universal Forest Products’s dividend payout ratio (DPR) is currently 15.45%.

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

Insider Buying and Selling by Quarter for Universal Forest Products (NASDAQ:UFPI)

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