Algert Global LLC reduced its position in Universal Forest Products, Inc. (NASDAQ:UFPI) by 1.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 145,829 shares of the construction company’s stock after selling 1,945 shares during the period. Universal Forest Products makes up about 1.1% of Algert Global LLC’s holdings, making the stock its 3rd biggest holding. Algert Global LLC owned approximately 0.24% of Universal Forest Products worth $5,152,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. BlackRock Inc. boosted its position in Universal Forest Products by 4.9% in the 3rd quarter. BlackRock Inc. now owns 11,093,066 shares of the construction company’s stock valued at $391,918,000 after buying an additional 515,543 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of Universal Forest Products by 96.1% in the 3rd quarter. Victory Capital Management Inc. now owns 1,880,250 shares of the construction company’s stock valued at $66,429,000 after purchasing an additional 921,353 shares in the last quarter. Northern Trust Corp raised its stake in shares of Universal Forest Products by 4.0% in the 2nd quarter. Northern Trust Corp now owns 1,165,755 shares of the construction company’s stock valued at $42,690,000 after purchasing an additional 44,638 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Universal Forest Products by 26.8% in the 2nd quarter. PNC Financial Services Group Inc. now owns 922,417 shares of the construction company’s stock valued at $33,780,000 after purchasing an additional 194,852 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Universal Forest Products by 3.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 809,992 shares of the construction company’s stock valued at $28,617,000 after purchasing an additional 27,256 shares in the last quarter. 80.97% of the stock is owned by institutional investors.

A number of equities research analysts have recently issued reports on UFPI shares. BidaskClub upgraded shares of Universal Forest Products from a “sell” rating to a “hold” rating in a research note on Tuesday, October 9th. ValuEngine lowered shares of Universal Forest Products from a “sell” rating to a “strong sell” rating in a research note on Thursday, October 18th. Finally, Zacks Investment Research upgraded shares of Universal Forest Products from a “sell” rating to a “hold” rating in a research note on Monday, August 27th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $41.33.

In related news, EVP Robert D. Coleman sold 10,000 shares of the stock in a transaction dated Tuesday, September 11th. The shares were sold at an average price of $37.90, for a total transaction of $379,000.00. Following the sale, the executive vice president now owns 5,040 shares in the company, valued at $191,016. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.40% of the stock is owned by corporate insiders.

Shares of Universal Forest Products stock opened at $26.32 on Thursday. The stock has a market capitalization of $1.71 billion, a PE ratio of 14.30, a P/E/G ratio of 2.42 and a beta of 1.84. The company has a current ratio of 2.92, a quick ratio of 1.50 and a debt-to-equity ratio of 0.17. Universal Forest Products, Inc. has a 1 year low of $26.16 and a 1 year high of $39.41.

Universal Forest Products (NASDAQ:UFPI) last issued its earnings results on Tuesday, October 16th. The construction company reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.07). The company had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.19 billion. Universal Forest Products had a net margin of 3.34% and a return on equity of 13.35%. The business’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.55 EPS. Sell-side analysts forecast that Universal Forest Products, Inc. will post 2.32 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, December 15th. Investors of record on Saturday, December 1st will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $0.72 annualized dividend and a yield of 2.74%. Universal Forest Products’s dividend payout ratio (DPR) is 19.57%.

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Universal Forest Products 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 composite decking, 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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