BidaskClub upgraded shares of Universal Forest Products (NASDAQ:UFPI) from a sell rating to a hold rating in a research report released on Wednesday, BidAskClub reports.

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.

Universal Forest Products (NASDAQ:UFPI) last announced its quarterly earnings data on Wednesday, July 24th. The construction company reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.07. Universal Forest Products had a net margin of 3.63% and a return on equity of 14.42%. The company had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.30 billion. During the same period in the previous year, the business earned $0.71 EPS. The firm’s revenue for the quarter was down 4.2% on a year-over-year basis. As a group, equities analysts expect that Universal Forest Products will post 2.86 earnings per share for the current fiscal year.

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.

Further Reading: What is a blue-chip stock?

Receive News & Ratings for Universal Forest Products Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Universal Forest Products and related companies with MarketBeat.com's FREE daily email newsletter.