UBS Group AG decreased its stake in Universal Forest Products, Inc. (NASDAQ:UFPI) by 10.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 22,903 shares of the construction company’s stock after selling 2,598 shares during the period. UBS Group AG owned about 0.11% of Universal Forest Products worth $2,257,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Quantbot Technologies LP boosted its stake in Universal Forest Products by 47.7% in the first quarter. Quantbot Technologies LP now owns 1,425 shares of the construction company’s stock valued at $140,000 after buying an additional 460 shares during the last quarter. SG Americas Securities LLC boosted its stake in shares of Universal Forest Products by 55.5% in the first quarter. SG Americas Securities LLC now owns 1,539 shares of the construction company’s stock worth $152,000 after buying an additional 549 shares in the last quarter. Ameritas Investment Partners Inc. purchased a new stake in shares of Universal Forest Products during the first quarter worth $169,000. Verity Asset Management Inc. purchased a new stake in shares of Universal Forest Products during the first quarter worth $215,000. Finally, State of Alaska Department of Revenue boosted its stake in shares of Universal Forest Products by 2.3% in the first quarter. State of Alaska Department of Revenue now owns 2,250 shares of the construction company’s stock worth $221,000 after buying an additional 50 shares in the last quarter. Hedge funds and other institutional investors own 79.36% of the company’s stock.

Universal Forest Products, Inc. (UFPI) traded up 1.62% during mid-day trading on Friday, reaching $84.91. The company’s stock had a trading volume of 156,054 shares. The company has a market capitalization of $1.74 billion, a PE ratio of 16.84 and a beta of 1.88. The firm has a 50 day moving average price of $87.15 and a 200-day moving average price of $93.84. Universal Forest Products, Inc. has a 1-year low of $82.25 and a 1-year high of $110.97.

Universal Forest Products (NASDAQ:UFPI) last posted its quarterly earnings data on Tuesday, July 18th. The construction company reported $1.64 EPS for the quarter, missing the Zacks’ consensus estimate of $1.85 by $0.21. Universal Forest Products had a return on equity of 11.73% and a net margin of 2.86%. The firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same period in the prior year, the firm posted $1.64 EPS. The firm’s quarterly revenue was up 23.0% on a year-over-year basis. On average, equities analysts predict that Universal Forest Products, Inc. will post $5.60 EPS for the current fiscal year.

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A number of brokerages have weighed in on UFPI. Zacks Investment Research cut Universal Forest Products from a “buy” rating to a “hold” rating in a research note on Tuesday, June 20th. BidaskClub upgraded Universal Forest Products from a “sell” rating to a “hold” rating in a research note on Saturday, June 17th. ValuEngine upgraded Universal Forest Products from a “hold” rating to a “buy” rating in a research note on Thursday, May 11th. Finally, Sidoti assumed coverage on Universal Forest Products in a research note on Tuesday, July 25th. They set a “buy” rating for the company. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. Universal Forest Products has an average rating of “Hold” and an average price target of $105.50.

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, such as retail, construction and industrial. Its segments include North, South, West, Alternative Materials, International, idX Holdings, Inc (idX) and Corporate divisions.

Institutional Ownership by Quarter for Universal Forest Products (NASDAQ:UFPI)

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