Universal Forest Products, Inc. (NASDAQ:UFPI) has been given an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy recommendation.

Brokerages have set a 1 year consensus price target of $123.00 for the company and are expecting that the company will post $1.43 EPS for the current quarter, according to Zacks. Zacks has also assigned Universal Forest Products an industry rank of 52 out of 265 based on the ratings given to its competitors.

Several research firms have issued reports on UFPI. BidaskClub lowered shares of Universal Forest Products from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Sidoti began coverage on shares of Universal Forest Products in a research report on Tuesday, July 25th. They issued a “buy” rating on the stock. ValuEngine lowered shares of Universal Forest Products from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Zacks Investment Research lowered shares of Universal Forest Products from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd.

Hedge funds have recently modified their holdings of the stock. Teachers Advisors LLC raised its stake in shares of Universal Forest Products by 12.9% in the fourth quarter. Teachers Advisors LLC now owns 199,109 shares of the construction company’s stock valued at $20,345,000 after buying an additional 22,706 shares during the period. Foundry Partners LLC raised its stake in shares of Universal Forest Products by 15.9% in the first quarter. Foundry Partners LLC now owns 83,208 shares of the construction company’s stock valued at $8,199,000 after buying an additional 11,440 shares during the period. Copper Rock Capital Partners LLC raised its stake in shares of Universal Forest Products by 1.7% in the first quarter. Copper Rock Capital Partners LLC now owns 266,173 shares of the construction company’s stock valued at $26,082,000 after buying an additional 4,496 shares during the period. Louisiana State Employees Retirement System raised its stake in shares of Universal Forest Products by 1.2% in the first quarter. Louisiana State Employees Retirement System now owns 8,300 shares of the construction company’s stock valued at $818,000 after buying an additional 100 shares during the period. Finally, State of Alaska Department of Revenue raised 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 valued at $221,000 after buying an additional 50 shares during the period. Institutional investors and hedge funds own 79.75% of the company’s stock.

Shares of Universal Forest Products (UFPI) traded down 1.17% during trading on Friday, hitting $83.92. 28,823 shares of the stock traded hands. The company has a market cap of $1.72 billion, a PE ratio of 16.64 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 has a one year low of $82.25 and a one year high of $110.97.

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

COPYRIGHT VIOLATION NOTICE: “Zacks: Universal Forest Products, Inc. (NASDAQ:UFPI) Receives Consensus Rating of “” from Brokerages” was originally reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this report on another website, it was copied illegally and reposted in violation of U.S. and international copyright & trademark legislation. The legal version of this report can be accessed at https://www.thecerbatgem.com/2017/08/18/zacks-universal-forest-products-inc-nasdaqufpi-receives-consensus-rating-of-from-brokerages-updated.html.

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

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