GW&K Investment Management LLC increased its stake in shares of Universal Forest Products, Inc. (NASDAQ:UFPI) by 22.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 870,088 shares of the construction company’s stock after buying an additional 157,169 shares during the period. GW&K Investment Management LLC’s holdings in Universal Forest Products were worth $34,699,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Quest Capital Management Inc. ADV bought a new stake in shares of Universal Forest Products during the 3rd quarter worth about $25,000. Capital Investment Advisory Services LLC bought a new stake in shares of Universal Forest Products during the 3rd quarter worth about $29,000. Point72 Asset Management L.P. bought a new stake in shares of Universal Forest Products during the 2nd quarter worth about $38,000. Versant Capital Management Inc boosted its holdings in shares of Universal Forest Products by 31.8% during the 3rd quarter. Versant Capital Management Inc now owns 1,037 shares of the construction company’s stock worth $41,000 after buying an additional 250 shares during the period. Finally, Advisory Services Network LLC boosted its holdings 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 worth $40,000 after buying an additional 975 shares during the period. 80.41% of the stock is owned by institutional investors and hedge funds.

NASDAQ UFPI traded down $0.23 during trading on Friday, reaching $50.05. The company’s stock had a trading volume of 396,800 shares, compared to its average volume of 287,655. Universal Forest Products, Inc. has a 12 month low of $24.14 and a 12 month high of $52.83. The company has a current ratio of 2.83, a quick ratio of 1.59 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $3.21 billion, a price-to-earnings ratio of 21.48 and a beta of 1.88. The firm has a 50 day moving average price of $43.56 and a 200 day moving average price of $38.86.

Universal Forest Products (NASDAQ:UFPI) last posted its quarterly earnings data on Wednesday, October 23rd. The construction company reported $0.84 EPS for the quarter, beating the Zacks’ consensus estimate of $0.76 by $0.08. Universal Forest Products had a net margin of 3.91% and a return on equity of 14.91%. The company had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same period in the prior year, the firm posted $0.66 EPS. The company’s quarterly revenue was down 4.0% on a year-over-year basis. On average, equities analysts forecast that Universal Forest Products, Inc. will post 2.91 EPS for the current fiscal year.

In other news, VP Donald L. James sold 6,000 shares of the company’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $51.31, for a total value of $307,860.00. Following the sale, the vice president now directly owns 21,917 shares of the company’s stock, valued at approximately $1,124,561.27. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Robert D. Coleman sold 10,000 shares of the company’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $51.50, for a total transaction of $515,000.00. Following the completion of the sale, the executive vice president now directly owns 1,200 shares in the company, valued at $61,800. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 36,270 shares of company stock worth $1,763,652. Insiders own 3.77% of the company’s stock.

A number of research firms have issued reports on UFPI. BidaskClub raised shares of Universal Forest Products from a “sell” rating to a “hold” rating in a report on Wednesday, October 9th. ValuEngine downgraded shares of Universal Forest Products from a “sell” rating to a “strong sell” rating in a report on Thursday, August 1st. DA Davidson boosted their price objective on shares of Universal Forest Products to $55.00 and gave the company a “buy” rating in a report on Friday, October 25th. Finally, BMO Capital Markets boosted their price objective on shares of Universal Forest Products to $44.00 in a report on Monday, October 28th. They noted that the move was a valuation call.

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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Institutional Ownership by Quarter for Universal Forest Products (NASDAQ:UFPI)

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