Teachers Advisors LLC raised its stake in Universal Forest Products, Inc. (NASDAQ:UFPI) by 9.1% during the first quarter, according to its most recent filing with the SEC. The firm owned 217,159 shares of the construction company’s stock after buying an additional 18,050 shares during the period. Teachers Advisors LLC owned approximately 1.06% of Universal Forest Products worth $21,399,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Norges Bank acquired a new position in shares of Universal Forest Products during the fourth quarter valued at about $26,365,000. FMR LLC boosted its stake in Universal Forest Products by 132.6% in the fourth quarter. FMR LLC now owns 175,174 shares of the construction company’s stock worth $17,899,000 after buying an additional 99,850 shares during the period. Principal Financial Group Inc. boosted its stake in Universal Forest Products by 27.2% in the first quarter. Principal Financial Group Inc. now owns 414,770 shares of the construction company’s stock worth $40,871,000 after buying an additional 88,604 shares during the period. Victory Capital Management Inc. boosted its stake in Universal Forest Products by 211.1% in the first quarter. Victory Capital Management Inc. now owns 69,931 shares of the construction company’s stock worth $6,891,000 after buying an additional 47,453 shares during the period. Finally, Pictet Asset Management Ltd. boosted its stake in Universal Forest Products by 26.4% in the first quarter. Pictet Asset Management Ltd. now owns 206,508 shares of the construction company’s stock worth $20,349,000 after buying an additional 43,159 shares during the period. Institutional investors own 79.75% of the company’s stock.

Shares of Universal Forest Products, Inc. (NASDAQ UFPI) traded down 0.81% during midday trading on Tuesday, reaching $83.16. 102,381 shares of the company’s stock traded hands. Universal Forest Products, Inc. has a 52 week low of $82.25 and a 52 week high of $110.97. The company has a market capitalization of $1.71 billion, a PE ratio of 16.49 and a beta of 1.88. The stock’s 50 day moving average is $86.82 and its 200-day moving average is $93.63.

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

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A number of analysts recently commented on the stock. Zacks Investment Research cut shares of Universal Forest Products from a “buy” rating to a “hold” rating in a research note on Tuesday, June 20th. BidaskClub raised shares of Universal Forest Products from a “sell” rating to a “hold” rating in a research report on Saturday, June 17th. ValuEngine raised shares of Universal Forest Products from a “hold” rating to a “buy” rating in a research report on Thursday, May 11th. Finally, Sidoti began coverage on shares of Universal Forest Products in a research report on Tuesday, July 25th. They set a “buy” rating for the company. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price 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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