Universal Forest Products Inc. (UFPI) Stake Maintained by Great West Life Assurance Co. Can
Great West Life Assurance Co. Can continued to hold its position in Universal Forest Products Inc. (NASDAQ:UFPI) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,912 shares of the company’s stock at the end of the second quarter. Great West Life Assurance Co. Can’s holdings in Universal Forest Products were worth $164,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently bought and sold shares of UFPI. Emerald Acquisition Ltd. purchased a new position in Universal Forest Products during the second quarter worth about $13,556,000. Rothschild Asset Management Inc. bought a new position in shares of Universal Forest Products during the second quarter valued at approximately $10,010,000. KBC Group NV bought a new position in shares of Universal Forest Products during the second quarter valued at approximately $588,000. Suntrust Banks Inc. boosted its position in shares of Universal Forest Products by 3.8% in the second quarter. Suntrust Banks Inc. now owns 3,838 shares of the company’s stock valued at $355,000 after buying an additional 139 shares during the period. Finally, Lucus Advisors LLC bought a new position in shares of Universal Forest Products during the second quarter valued at approximately $358,000. Institutional investors and hedge funds own 83.40% of the company’s stock.
Shares of Universal Forest Products Inc. (NASDAQ:UFPI) traded up 0.16% on Tuesday, reaching $100.43. The company had a trading volume of 334,284 shares. Universal Forest Products Inc. has a 12 month low of $57.11 and a 12 month high of $110.97. The stock has a 50-day moving average price of $106.22 and a 200-day moving average price of $91.96. The stock has a market cap of $2.04 billion, a PE ratio of 21.01 and a beta of 1.66.
Universal Forest Products (NASDAQ:UFPI) last released its earnings results on Wednesday, July 20th. The company reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.48 by $0.16. The company earned $872.10 million during the quarter, compared to analyst estimates of $903.33 million. Universal Forest Products had a return on equity of 12.38% and a net margin of 3.27%. Universal Forest Products’s quarterly revenue was up 4.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.28 earnings per share. Analysts predict that Universal Forest Products Inc. will post $4.84 earnings per share for the current fiscal year.
UFPI has been the subject of several recent research reports. Zacks Investment Research cut Universal Forest Products from a “buy” rating to a “hold” rating in a research report on Monday, July 18th. DA Davidson raised Universal Forest Products from an “underperform” rating to a “neutral” rating in a research report on Friday, July 22nd.
In other news, VP Charles Scott Greene sold 4,639 shares of the company’s stock in a transaction that occurred on Friday, September 2nd. The stock was sold at an average price of $109.99, for a total value of $510,243.61. Following the completion of the transaction, the vice president now directly owns 9,298 shares of the company’s stock, valued at $1,022,687.02. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Matthew J. Missad sold 400 shares of the company’s stock in a transaction that occurred on Friday, September 9th. The shares were sold at an average price of $102.75, for a total value of $41,100.00. Following the completion of the transaction, the chief executive officer now directly owns 55,559 shares of the company’s stock, valued at $5,708,687.25. The disclosure for this sale can be found here. 3.50% of the stock is owned by insiders.
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: retail, construction and industrial. Its industrial market serves as industrial manufacturers and other customers for packaging, material handling and other applications.
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