GSA Capital Partners LLP raised its position in shares of Universal Forest Products, Inc. (NASDAQ:UFPI) by 9.3% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 41,938 shares of the construction company’s stock after buying an additional 3,574 shares during the quarter. GSA Capital Partners LLP owned about 0.20% of Universal Forest Products worth $3,662,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in UFPI. Wells Fargo & Company MN lifted its position in shares of Universal Forest Products by 28.7% during the first quarter. Wells Fargo & Company MN now owns 61,746 shares of the construction company’s stock valued at $6,084,000 after buying an additional 13,760 shares during the last quarter. Great West Life Assurance Co. Can raised its position in shares of Universal Forest Products by 6.6% in the 1st quarter. Great West Life Assurance Co. Can now owns 28,319 shares of the construction company’s stock valued at $2,788,000 after purchasing an additional 1,745 shares during the last quarter. American Century Companies Inc. raised its position in shares of Universal Forest Products by 5.3% in the 1st quarter. American Century Companies Inc. now owns 93,485 shares of the construction company’s stock valued at $9,212,000 after purchasing an additional 4,716 shares during the last quarter. Suntrust Banks Inc. raised its position in shares of Universal Forest Products by 1.1% in the 1st quarter. Suntrust Banks Inc. now owns 3,373 shares of the construction company’s stock valued at $331,000 after purchasing an additional 37 shares during the last quarter. Finally, BNP Paribas Arbitrage SA raised its position in shares of Universal Forest Products by 11.4% in the 1st quarter. BNP Paribas Arbitrage SA now owns 4,136 shares of the construction company’s stock valued at $408,000 after purchasing an additional 423 shares during the last quarter. 80.27% of the stock is owned by institutional investors and hedge funds.

Universal Forest Products, Inc. (UFPI) traded up 1.2326% during trading on Tuesday, reaching $90.8056. 56,449 shares of the company’s stock were exchanged. The stock has a 50-day moving average of $84.31 and a 200-day moving average of $89.70. Universal Forest Products, Inc. has a 52 week low of $77.80 and a 52 week high of $108.79. The stock has a market capitalization of $1.85 billion, a PE ratio of 18.0134 and a beta of 1.84.

Universal Forest Products (NASDAQ:UFPI) last released its quarterly earnings results on Tuesday, July 18th. The construction company reported $1.64 EPS for the quarter, missing the Thomson Reuters’ 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 company had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.04 billion. During the same quarter last year, the company earned $1.64 EPS. Universal Forest Products’s revenue for the quarter was up 23.0% compared to the same quarter last year. On average, equities research analysts anticipate that Universal Forest Products, Inc. will post $5.60 EPS for the current year.

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In other Universal Forest Products news, insider Patrick M. Webster sold 996 shares of the stock in a transaction on Friday, September 15th. The stock was sold at an average price of $88.93, for a total value of $88,574.28. Following the completion of the transaction, the insider now owns 58,919 shares in the company, valued at $5,239,666.67. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Patrick M. Webster sold 1,500 shares of the stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $88.80, for a total value of $133,200.00. Following the completion of the transaction, the insider now owns 59,915 shares of the company’s stock, valued at approximately $5,320,452. The disclosure for this sale can be found here. 3.40% of the stock is owned by corporate insiders.

UFPI has been the subject of several research analyst reports. 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. ValuEngine lowered shares of Universal Forest Products from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. BidaskClub raised shares of Universal Forest Products from a “sell” rating to a “hold” rating in a research report on Saturday, June 17th. Finally, Sidoti started coverage on shares of Universal Forest Products in a research report on Tuesday, July 25th. They issued 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 given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $105.50.

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

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