The Universal Forest Products, Inc. (UFPI) Upgraded by ValuEngine to “Buy”

The Universal Forest Products, Inc. (UFPI) Upgraded by ValuEngine to “Buy”

Separately, Zacks Investment Research lowered Universal Forest Products from a “hold” rating to a “sell” rating in a report on Monday, February 27th.

Universal Forest Products, Inc. (NASDAQ:UFPI) was upgraded by equities research analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday, May 11th.

Universal Forest Products (NASDAQ:UFPI) opened at 89.88 on Thursday. The firm has a market cap of $1.84 billion, a P/E ratio of 17.84 and a beta of 1.70. Universal Forest Products has a 52 week low of $82.35 and a 52 week high of $110.97. The company has a 50-day moving average of $92.18 and a 200 day moving average of $98.53. Universal Forest Products (NASDAQ:UFPI) last posted its earnings results on Tuesday, April 18th. The construction company reported $1.03 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.03. Universal Forest Products had a return on equity of 12.31% and a net margin of 3.27%. The firm had revenue of $846.10 million during the quarter, compared to analysts’ expectations of $812.57 million. During the same period in the previous year, the firm earned $0.95 earnings per share. The company’s revenue was up 24.0% on a year-over-year basis. On average, equities analysts predict that Universal Forest Products will post $5.87 earnings per share for the current year.

The company also recently declared a semiannual dividend, which will be paid on Thursday, June 15th. Stockholders of record on Thursday, June 1st will be issued a $0.45 dividend. The ex-dividend date is Tuesday, May 30th. This represents a dividend yield of 0.94%. Universal Forest Products’s dividend payout ratio (DPR) is 18.44%. In related news, VP Charles Scott Greene sold 2,475 shares of the company’s stock in a transaction dated Thursday, March 16th. The stock was sold at an average price of $99.49, for a total transaction of $246,237.75. Following the sale, the vice president now owns 5,298 shares in the company, valued at $527,098.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.50% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the company. Flinton Capital Management LLC bought a new stake in Universal Forest Products during the fourth quarter valued at about $109,000. Quantbot Technologies LP increased its position in shares of Universal Forest Products by 47.7% in the first quarter. Quantbot Technologies LP now owns 1,425 shares of the construction company’s stock worth $140,000 after buying an additional 460 shares during the period. SG Americas Securities LLC increased its position in shares of Universal Forest Products by 55.5% in the first quarter. SG Americas Securities LLC now owns 1,539 shares of the construction company’s stock worth $152,000 after buying an additional 549 shares during the period. Ameritas Investment Partners Inc. acquired a new position in shares of Universal Forest Products during the first quarter worth $169,000. Finally, Synovus Financial Corp increased its position in shares of Universal Forest Products by 205.8% in the third quarter. Synovus Financial Corp now owns 1,835 shares of the construction company’s stock worth $181,000 after buying an additional 1,235 shares during the period. Institutional investors and hedge funds own 81.12% of the company’s stock. About Universal Forest Products

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:UFPI”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”}); To view ValuEngine’s full report, visit ValuEngine’s official website.

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