Universal Forest Products Inc. (NASDAQ:UFPI) announced its quarterly earnings data on Tuesday. The company reported $1.36 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.35 by $0.01. The company earned $826.70 million during the quarter, compared to analysts’ expectations of $856.33 million. Universal Forest Products had a return on equity of 12.38% and a net margin of 3.27%. During the same quarter last year, the company earned $1.26 EPS.

Universal Forest Products (NASDAQ:UFPI) traded down 1.40% during trading on Tuesday, reaching $95.95. The company had a trading volume of 212,947 shares. The company has a market capitalization of $1.95 billion, a price-to-earnings ratio of 20.07 and a beta of 1.55. Universal Forest Products has a one year low of $59.66 and a one year high of $110.97. The company has a 50-day moving average price of $101.95 and a 200 day moving average price of $94.63.

Earnings History for Universal Forest Products (NASDAQ:UFPI)

In other news, VP Charles Scott Greene sold 4,639 shares of the company’s stock in a transaction dated Friday, September 2nd. The shares were sold at an average price of $109.99, for a total transaction of $510,243.61. Following the transaction, the vice president now owns 9,298 shares in the company, valued at $1,022,687.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Robert D. Coleman sold 7,500 shares of the company’s stock in a transaction dated Friday, September 2nd. The shares were sold at an average price of $108.53, for a total transaction of $813,975.00. Following the transaction, the executive vice president now owns 1,680 shares in the company, valued at approximately $182,330.40. The disclosure for this sale can be found here. Company insiders own 3.50% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. BlackRock Japan Co. Ltd raised its position in shares of Universal Forest Products by 59.5% in the second quarter. BlackRock Japan Co. Ltd now owns 1,509 shares of the company’s stock valued at $140,000 after buying an additional 563 shares in the last quarter. Hsbc Holdings PLC bought a new position in shares of Universal Forest Products during the second quarter valued at $205,000. National Asset Management Inc. bought a new position in shares of Universal Forest Products during the second quarter valued at $256,000. Bluestein R H & Co. raised its position in shares of Universal Forest Products by 27.7% in the second quarter. Bluestein R H & Co. now owns 3,000 shares of the company’s stock valued at $278,000 after buying an additional 650 shares in the last quarter. Finally, Algert Global LLC bought a new position in shares of Universal Forest Products during the second quarter valued at $400,000. Hedge funds and other institutional investors own 83.62% of the company’s stock.

Several equities analysts have recently weighed in on the company. DA Davidson upgraded Universal Forest Products from an “underperform” rating to a “neutral” rating in a report on Friday, July 22nd. Zacks Investment Research cut Universal Forest Products from a “buy” rating to a “hold” rating in a report on Monday, July 18th.

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: retail, construction and industrial. Its industrial market serves as industrial manufacturers and other customers for packaging, material handling and other applications.

5 Day Chart for NASDAQ:UFPI

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