Foundry Partners LLC Has $7,068,000 Position in Universal Forest Products Inc. (UFPI)
Foundry Partners LLC increased its position in shares of Universal Forest Products Inc. (NASDAQ:UFPI) by 1.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 71,768 shares of the company’s stock after buying an additional 1,230 shares during the period. Foundry Partners LLC owned 0.35% of Universal Forest Products worth $7,068,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Fuller & Thaler Asset Management Inc. acquired a new stake in Universal Forest Products during the second quarter worth approximately $130,000. BlackRock Japan Co. Ltd raised its stake in Universal Forest Products by 59.5% in the second quarter. BlackRock Japan Co. Ltd now owns 1,509 shares of the company’s stock worth $140,000 after buying an additional 563 shares during the last quarter. BlackRock Inc. raised its stake in Universal Forest Products by 38.7% in the first quarter. BlackRock Inc. now owns 1,977 shares of the company’s stock worth $170,000 after buying an additional 552 shares during the last quarter. Hsbc Holdings PLC acquired a new stake in Universal Forest Products during the second quarter worth approximately $205,000. Finally, Janney Montgomery Scott LLC acquired a new stake in Universal Forest Products during the second quarter worth approximately $215,000. 84.09% of the stock is owned by institutional investors.
Shares of Universal Forest Products Inc. (NASDAQ:UFPI) opened at 97.99 on Friday. The company has a 50 day moving average price of $93.06 and a 200 day moving average price of $95.59. The company has a market cap of $1.99 billion, a price-to-earnings ratio of 20.12 and a beta of 1.62. Universal Forest Products Inc. has a one year low of $59.66 and a one year high of $110.97.
Universal Forest Products (NASDAQ:UFPI) last posted its earnings results on Tuesday, October 18th. The company reported $1.36 earnings per share for the quarter, topping analysts’ consensus estimates of $1.35 by $0.01. The company earned $826.70 million during the quarter, compared to analyst estimates of $856.33 million. Universal Forest Products had a return on equity of 12.31% and a net margin of 3.27%. Universal Forest Products’s revenue was up 8.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.26 earnings per share. Equities analysts predict that Universal Forest Products Inc. will post $4.87 EPS for the current year.
The business also recently announced a semiannual dividend, which will be paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Tuesday, November 29th. This represents a yield of 0.95%. This is a positive change from Universal Forest Products’s previous semiannual dividend of $0.42. Universal Forest Products’s dividend payout ratio is currently 17.21%.
A number of analysts have commented on the company. Zacks Investment Research lowered Universal Forest Products from a “buy” rating to a “hold” rating in a report on Monday, October 31st. DA Davidson raised Universal Forest Products from an “underperform” rating to a “neutral” rating in a report on Friday, July 22nd.
In other Universal Forest Products news, VP Charles Scott Greene sold 4,639 shares of the company’s stock in a transaction on Friday, September 2nd. The stock was sold at an average price of $109.99, for a total transaction of $510,243.61. Following the completion of the sale, the vice president now owns 9,298 shares in the company, valued at $1,022,687.02. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Matthew J. Missad sold 400 shares of the company’s stock in a transaction on Friday, September 9th. The stock was sold at an average price of $102.75, for a total value of $41,100.00. Following the sale, the chief executive officer now owns 55,559 shares of the company’s stock, valued at approximately $5,708,687.25. The disclosure for this sale can be found here. Company insiders own 3.50% of the company’s stock.
Universal Forest Products Company Profile
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.
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