Universal Forest Products (NASDAQ:UFPI) VP Charles Scott Greene sold 7,095 shares of the company’s stock in a transaction on Friday, March 16th. The shares were sold at an average price of $33.62, for a total transaction of $238,533.90. Following the completion of the transaction, the vice president now owns 9,383 shares of the company’s stock, valued at approximately $315,456.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Charles Scott Greene also recently made the following trade(s):

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  • On Tuesday, March 13th, Charles Scott Greene sold 5,695 shares of Universal Forest Products stock. The shares were sold at an average price of $33.59, for a total transaction of $191,295.05.

Shares of Universal Forest Products (NASDAQ:UFPI) opened at $33.54 on Tuesday. Universal Forest Products has a 1-year low of $25.93 and a 1-year high of $39.58. The company has a quick ratio of 1.33, a current ratio of 2.85 and a debt-to-equity ratio of 0.15. The company has a market cap of $2,057.66, a PE ratio of 17.23, a PEG ratio of 2.86 and a beta of 1.80.

Universal Forest Products (NASDAQ:UFPI) last announced its earnings results on Thursday, February 22nd. The construction company reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.03). Universal Forest Products had a net margin of 3.03% and a return on equity of 12.10%. The business had revenue of $966.09 million during the quarter, compared to analysts’ expectations of $970.05 million. During the same period in the previous year, the company posted $0.34 earnings per share. Universal Forest Products’s quarterly revenue was up 12.4% on a year-over-year basis. sell-side analysts anticipate that Universal Forest Products will post 2.35 EPS for the current fiscal year.

Several large investors have recently made changes to their positions in UFPI. BlackRock Inc. raised its holdings in shares of Universal Forest Products by 209.6% in the fourth quarter. BlackRock Inc. now owns 9,884,817 shares of the construction company’s stock valued at $371,868,000 after buying an additional 6,692,022 shares during the last quarter. Franklin Resources Inc. raised its holdings in shares of Universal Forest Products by 200.0% in the fourth quarter. Franklin Resources Inc. now owns 2,011,836 shares of the construction company’s stock valued at $75,685,000 after buying an additional 1,341,224 shares during the last quarter. Allianz Asset Management GmbH raised its holdings in shares of Universal Forest Products by 152.9% in the fourth quarter. Allianz Asset Management GmbH now owns 1,185,295 shares of the construction company’s stock valued at $44,590,000 after buying an additional 716,621 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Universal Forest Products by 152.9% in the fourth quarter. Bank of New York Mellon Corp now owns 1,013,359 shares of the construction company’s stock valued at $38,124,000 after buying an additional 612,656 shares during the last quarter. Finally, Millennium Management LLC raised its holdings in shares of Universal Forest Products by 374.5% in the fourth quarter. Millennium Management LLC now owns 645,557 shares of the construction company’s stock valued at $24,286,000 after buying an additional 509,493 shares during the last quarter. 80.71% of the stock is owned by institutional investors and hedge funds.

Several equities analysts have issued reports on the stock. Zacks Investment Research downgraded shares of Universal Forest Products from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 19th. BidaskClub downgraded shares of Universal Forest Products from a “hold” rating to a “sell” rating in a research note on Friday, January 19th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $38.33.

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Universal Forest Products Company Profile

Universal Forest Products, Inc, through its subsidiaries, designs, manufactures, and markets wood and wood-alternative products in North America, Europe, Asia, and Australia. The company offers preserved and unpreserved dimensional lumber; outdoor living products, including wood composite decking, and decorative lawn and garden products; and engineered wood components, which include roof and floor trusses, wall panels, engineered floor systems, I-joists, and lumber packages.

Insider Buying and Selling by Quarter for Universal Forest Products (NASDAQ:UFPI)

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