Universal Forest Products, Inc. (NASDAQ:UFPI) – Stock analysts at DA Davidson issued their Q1 2018 EPS estimates for shares of Universal Forest Products in a note issued to investors on Wednesday. DA Davidson analyst S. Chercover anticipates that the construction company will post earnings per share of $1.29 for the quarter. DA Davidson also issued estimates for Universal Forest Products’ Q2 2018 earnings at $1.95 EPS, Q3 2018 earnings at $1.91 EPS and Q4 2018 earnings at $1.42 EPS.

Universal Forest Products (NASDAQ:UFPI) last posted its quarterly earnings results on Tuesday, October 17th. The construction company reported $1.64 earnings per share for the quarter, beating analysts’ consensus estimates of $1.56 by $0.08. Universal Forest Products had a net margin of 2.85% and a return on equity of 12.05%. The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $984.99 million. During the same period last year, the company posted $1.36 EPS. The firm’s quarterly revenue was up 27.8% compared to the same quarter last year.

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Several other analysts have also issued reports on the company. Sidoti started coverage on Universal Forest Products in a research note on Tuesday, July 25th. They issued a “buy” rating for the company. Zacks Investment Research raised Universal Forest Products from a “sell” rating to a “hold” rating in a research note on Tuesday, September 19th. BidaskClub lowered Universal Forest Products from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Finally, BMO Capital Markets initiated coverage on Universal Forest Products in a research note on Tuesday, October 17th. They set a “market perform” rating and a $110.00 price objective for the company. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $110.00.

Shares of Universal Forest Products (UFPI) opened at 108.86 on Friday. Universal Forest Products has a 52-week low of $77.80 and a 52-week high of $110.49. The firm has a market capitalization of $2.22 billion, a P/E ratio of 20.39 and a beta of 1.84. The company’s 50-day moving average is $95.76 and its 200 day moving average is $90.21.

Several large investors have recently modified their holdings of UFPI. BlackRock Inc. increased its holdings in shares of Universal Forest Products by 24,097.2% during the first quarter. BlackRock Inc. now owns 3,185,077 shares of the construction company’s stock valued at $313,858,000 after acquiring an additional 3,171,914 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of Universal Forest Products by 141.5% during the second quarter. Victory Capital Management Inc. now owns 168,879 shares of the construction company’s stock valued at $14,745,000 after buying an additional 98,948 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Universal Forest Products by 17.6% during the second quarter. Bank of New York Mellon Corp now owns 434,215 shares of the construction company’s stock valued at $37,911,000 after buying an additional 64,958 shares during the last quarter. Bank of America Corp DE boosted its position in shares of Universal Forest Products by 45.3% during the first quarter. Bank of America Corp DE now owns 207,854 shares of the construction company’s stock valued at $20,482,000 after buying an additional 64,783 shares during the last quarter. Finally, Voya Investment Management LLC boosted its position in shares of Universal Forest Products by 30.7% during the second quarter. Voya Investment Management LLC now owns 229,351 shares of the construction company’s stock valued at $20,025,000 after buying an additional 53,870 shares during the last quarter. Hedge funds and other institutional investors own 80.28% of the company’s stock.

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

The company also recently disclosed a semiannual dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be issued a $0.17 dividend. This is an increase from Universal Forest Products’s previous semiannual dividend of $0.15. The ex-dividend date of this dividend is Thursday, November 30th. This represents a yield of 0.31%. Universal Forest Products’s dividend payout ratio is 16.89%.

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.

Earnings History and Estimates for Universal Forest Products (NASDAQ:UFPI)

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