Patrick M. Benton Sells 1,368 Shares of Universal Forest Products Inc. (UFPI) Stock
Universal Forest Products Inc. (NASDAQ:UFPI) VP Patrick M. Benton sold 1,368 shares of Universal Forest Products stock in a transaction that occurred on Monday, November 28th. The shares were sold at an average price of $102.56, for a total value of $140,302.08. Following the completion of the sale, the vice president now directly owns 9,482 shares in the company, valued at approximately $972,473.92. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Universal Forest Products Inc. (NASDAQ:UFPI) opened at 99.34 on Thursday. The firm has a 50-day moving average price of $93.42 and a 200-day moving average price of $96.58. The company has a market capitalization of $2.02 billion, a P/E ratio of 20.39 and a beta of 1.62. Universal Forest Products Inc. has a 1-year low of $59.66 and a 1-year high of $110.97.
Universal Forest Products (NASDAQ:UFPI) last announced its earnings results on Tuesday, October 18th. The company reported $1.36 EPS for the quarter, beating the consensus estimate of $1.35 by $0.01. Universal Forest Products had a return on equity of 12.31% and a net margin of 3.27%. The company had revenue of $826.70 million for the quarter, compared to analyst estimates of $856.33 million. During the same quarter in the prior year, the company earned $1.26 EPS. The firm’s revenue for the quarter was up 8.5% compared to the same quarter last year. On average, analysts forecast that Universal Forest Products Inc. will post $4.87 EPS for the current fiscal year.
The firm also recently announced a semiannual dividend, which will be paid on Thursday, December 15th. Investors of record on Thursday, December 1st will be given a dividend of $0.45 per share. This is a positive change from Universal Forest Products’s previous semiannual dividend of $0.42. The ex-dividend date of this dividend is Tuesday, November 29th. This represents a dividend yield of 0.95%. Universal Forest Products’s dividend payout ratio is presently 18.44%.
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Several large investors have recently made changes to their positions in the stock. Acadian Asset Management LLC raised its stake in shares of Universal Forest Products by 10.0% in the second quarter. Acadian Asset Management LLC now owns 552,977 shares of the company’s stock valued at $51,257,000 after buying an additional 50,346 shares during the last quarter. Copper Rock Capital Partners LLC acquired a new stake in shares of Universal Forest Products during the second quarter valued at approximately $2,875,000. James Investment Research Inc. raised its stake in shares of Universal Forest Products by 19.0% in the second quarter. James Investment Research Inc. now owns 209,478 shares of the company’s stock valued at $19,417,000 after buying an additional 33,387 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in shares of Universal Forest Products by 1.2% in the second quarter. Nisa Investment Advisors LLC now owns 16,600 shares of the company’s stock valued at $1,539,000 after buying an additional 200 shares during the last quarter. Finally, Eqis Capital Management Inc. acquired a new stake in shares of Universal Forest Products during the second quarter valued at approximately $284,000. Institutional investors own 81.41% of the company’s stock.
UFPI has been the topic of a number of recent research reports. DA Davidson raised Universal Forest Products from a “neutral” rating to a “buy” rating and lifted their target price for the company from $105.00 to $110.00 in a research report on Thursday, October 20th. They noted that the move was a valuation call. Zacks Investment Research downgraded Universal Forest Products from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 21st.
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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