Dimensional Fund Advisors LP grew its stake in Universal Forest Products, Inc. (NASDAQ:UFPI) by 2.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,596,582 shares of the construction company’s stock after purchasing an additional 38,595 shares during the quarter. Dimensional Fund Advisors LP owned approximately 7.83% of Universal Forest Products worth $156,719,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in UFPI. Aperio Group LLC grew its position in shares of Universal Forest Products by 5.4% in the second quarter. Aperio Group LLC now owns 6,507 shares of the construction company’s stock valued at $568,000 after purchasing an additional 331 shares during the period. Municipal Employees Retirement System of Michigan grew its position in shares of Universal Forest Products by 13.5% in the second quarter. Municipal Employees Retirement System of Michigan now owns 7,890 shares of the construction company’s stock valued at $688,000 after purchasing an additional 940 shares during the period. Great West Life Assurance Co. Can grew its position in shares of Universal Forest Products by 4.4% in the second quarter. Great West Life Assurance Co. Can now owns 29,559 shares of the construction company’s stock valued at $2,581,000 after purchasing an additional 1,240 shares during the period. Texas Permanent School Fund grew its position in shares of Universal Forest Products by 1.7% in the second quarter. Texas Permanent School Fund now owns 14,980 shares of the construction company’s stock valued at $1,308,000 after purchasing an additional 244 shares during the period. Finally, Sei Investments Co. grew its position in shares of Universal Forest Products by 15.9% in the second quarter. Sei Investments Co. now owns 21,128 shares of the construction company’s stock valued at $1,845,000 after purchasing an additional 2,905 shares during the period. Institutional investors and hedge funds own 26.71% of the company’s stock.

Universal Forest Products, Inc. (NASDAQ:UFPI) opened at $37.46 on Thursday. The firm has a market cap of $2,328.29, a PE ratio of 21.42, a P/E/G ratio of 2.04 and a beta of 1.83. Universal Forest Products, Inc. has a 52-week low of $25.93 and a 52-week high of $39.58. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.40 and a current ratio of 2.62.

Universal Forest Products (NASDAQ:UFPI) last posted its quarterly earnings results on Tuesday, October 17th. The construction company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.03. The firm had revenue of $1.06 billion for the quarter, compared to analyst estimates of $984.99 million. Universal Forest Products had a net margin of 3.28% and a return on equity of 14.42%. Universal Forest Products’s quarterly revenue was up 27.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.45 earnings per share. analysts anticipate that Universal Forest Products, Inc. will post 1.87 EPS for the current fiscal year.

The firm also recently declared a semiannual dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Thursday, November 30th. This is a positive change from Universal Forest Products’s previous semiannual dividend of $0.15. This represents a yield of 0.31%. Universal Forest Products’s payout ratio is presently 19.14%.

In related news, insider Patrick M. Webster sold 996 shares of the business’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $88.93, for a total transaction of $88,574.28. Following the transaction, the insider now directly 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 accessible through this hyperlink. Also, VP Charles Scott Greene sold 3,000 shares of the business’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $38.05, for a total transaction of $114,150.00. Following the transaction, the vice president now owns 9,894 shares in the company, valued at $376,466.70. The disclosure for this sale can be found here. Insiders have sold 16,596 shares of company stock worth $1,382,405 over the last 90 days. 3.40% of the stock is currently owned by company insiders.

Several analysts have recently issued reports on the stock. BidaskClub lowered shares of Universal Forest Products from a “buy” rating to a “hold” rating in a research report on Tuesday. BMO Capital Markets assumed coverage on shares of Universal Forest Products in a research report on Tuesday, October 17th. They issued a “market perform” rating and a $36.67 target price on the stock. Finally, Zacks Investment Research upgraded shares of Universal Forest Products from a “sell” rating to a “hold” rating in a research report on Tuesday, September 19th. Three investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. Universal Forest Products currently has a consensus rating of “Buy” and a consensus price target of $39.17.

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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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