First Citizens Bank & Trust Co. grew its stake in Universal Forest Products, Inc. (NASDAQ:UFPI) by 193.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 6,123 shares of the construction company’s stock after buying an additional 4,035 shares during the quarter. First Citizens Bank & Trust Co.’s holdings in Universal Forest Products were worth $230,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Algert Global LLC lifted its holdings in shares of Universal Forest Products by 81.1% in the 3rd quarter. Algert Global LLC now owns 33,539 shares of the construction company’s stock valued at $3,292,000 after buying an additional 15,022 shares during the period. California Public Employees Retirement System lifted its holdings in shares of Universal Forest Products by 7.1% in the 3rd quarter. California Public Employees Retirement System now owns 20,238 shares of the construction company’s stock valued at $1,987,000 after buying an additional 1,338 shares during the period. Ladenburg Thalmann Financial Services Inc. lifted its holdings in shares of Universal Forest Products by 393.8% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,195 shares of the construction company’s stock valued at $117,000 after buying an additional 953 shares during the period. Allianz Asset Management GmbH lifted its holdings in shares of Universal Forest Products by 166.3% in the 3rd quarter. Allianz Asset Management GmbH now owns 468,674 shares of the construction company’s stock valued at $46,005,000 after buying an additional 292,650 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Universal Forest Products by 2.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,596,582 shares of the construction company’s stock valued at $156,719,000 after buying an additional 38,595 shares during the period. 26.69% of the stock is owned by institutional investors and hedge funds.

In related news, VP Charles Scott Greene sold 3,299 shares of the company’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $37.00, for a total value of $122,063.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Robert D. Coleman sold 5,000 shares of the company’s stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $110.15, for a total value of $550,750.00. Following the completion of the transaction, the executive vice president now directly owns 1,680 shares of the company’s stock, valued at approximately $185,052. The disclosure for this sale can be found here. Insiders sold a total of 38,899 shares of company stock valued at $2,159,694 in the last ninety days. 3.40% of the stock is currently owned by insiders.

Universal Forest Products, Inc. (UFPI) opened at $38.46 on Monday. The firm has a market capitalization of $2,352.75, a PE ratio of 21.65, a P/E/G ratio of 1.76 and a beta of 1.84. Universal Forest Products, Inc. has a fifty-two week low of $25.93 and a fifty-two week high of $39.58. The company has a quick ratio of 1.40, a current ratio of 2.62 and a debt-to-equity ratio of 0.15.

Universal Forest Products (NASDAQ:UFPI) last released 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 company had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $984.99 million. Universal Forest Products had a return on equity of 12.05% and a net margin of 2.85%. Universal Forest Products’s quarterly revenue was up 27.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.45 EPS. analysts forecast that Universal Forest Products, Inc. will post 1.87 earnings per share for the current fiscal year.

A number of research firms recently weighed in on UFPI. Zacks Investment Research cut Universal Forest Products from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 19th. BidaskClub cut Universal Forest Products from a “buy” rating to a “hold” rating in a report on Tuesday, December 12th. Finally, BMO Capital Markets began coverage on Universal Forest Products in a report on Tuesday, October 17th. They issued a “market perform” rating and a $36.67 price target for the company. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $39.17.

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Universal Forest Products 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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