Universal Forest Products (NASDAQ:UFPI) Upgraded to Hold at BidaskClub
Separately, ValuEngine lowered shares of Universal Forest Products from a sell rating to a strong sell rating in a report on Thursday, August 1st.
Shares of NASDAQ UFPI opened at $39.46 on Wednesday. Universal Forest Products has a twelve month low of $24.14 and a twelve month high of $42.80. The firm has a market cap of $2.44 billion, a P/E ratio of 16.94, a PEG ratio of 2.79 and a beta of 1.87. The company has a 50 day moving average of $39.34 and a 200 day moving average of $36.55. The company has a quick ratio of 1.50, a current ratio of 2.89 and a debt-to-equity ratio of 0.21.
In other Universal Forest Products news, EVP Robert D. Coleman sold 20,000 shares of the business’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $40.13, for a total transaction of $802,600.00. Following the completion of the sale, the executive vice president now directly owns 1,200 shares in the company, valued at approximately $48,156. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, VP Michael F. Mordell sold 9,354 shares of the business’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $24.74, for a total transaction of $231,417.96. Following the sale, the vice president now owns 5,405 shares of the company’s stock, valued at $133,719.70. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 45,935 shares of company stock valued at $1,730,059. Company insiders own 3.77% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the business. Point72 Asset Management L.P. purchased a new stake in Universal Forest Products during the 2nd quarter valued at $38,000. Advisory Services Network LLC grew its position in shares of Universal Forest Products by 1,147.1% during the 2nd quarter. Advisory Services Network LLC now owns 1,060 shares of the construction company’s stock valued at $40,000 after acquiring an additional 975 shares during the period. Quantamental Technologies LLC bought a new stake in shares of Universal Forest Products during the 2nd quarter valued at $41,000. Tower Research Capital LLC TRC grew its position in shares of Universal Forest Products by 665.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,271 shares of the construction company’s stock valued at $48,000 after acquiring an additional 1,105 shares during the period. Finally, Strs Ohio bought a new stake in shares of Universal Forest Products during the 2nd quarter valued at $60,000. Institutional investors and hedge funds own 80.51% of the company’s stock.
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 and wood composite decking and related accessories, 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.
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