California Public Employees Retirement System cut its holdings in shares of Universal Forest Products, Inc. (NASDAQ:UFPI) by 4.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,900 shares of the construction company’s stock after selling 800 shares during the period. California Public Employees Retirement System owned 0.09% of Universal Forest Products worth $1,650,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in UFPI. SG Americas Securities LLC grew its position in shares of Universal Forest Products by 55.5% during the first quarter. SG Americas Securities LLC now owns 1,539 shares of the construction company’s stock worth $152,000 after acquiring an additional 549 shares during the last quarter. Wellington Management Group LLP grew its position in shares of Universal Forest Products by 2.4% during the first quarter. Wellington Management Group LLP now owns 49,267 shares of the construction company’s stock worth $4,855,000 after acquiring an additional 1,133 shares during the last quarter. FMR LLC grew its position in shares of Universal Forest Products by 17.1% during the first quarter. FMR LLC now owns 205,174 shares of the construction company’s stock worth $20,218,000 after acquiring an additional 30,000 shares during the last quarter. Teachers Advisors LLC grew its position in shares of Universal Forest Products by 9.1% during the first quarter. Teachers Advisors LLC now owns 217,159 shares of the construction company’s stock worth $21,399,000 after acquiring an additional 18,050 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in shares of Universal Forest Products by 1.0% during the first quarter. Vanguard Group Inc. now owns 1,772,923 shares of the construction company’s stock worth $174,704,000 after acquiring an additional 18,197 shares during the last quarter. Institutional investors and hedge funds own 78.65% of the company’s stock.

A number of brokerages have recently issued reports on UFPI. Zacks Investment Research upgraded shares of Universal Forest Products from a “hold” rating to a “strong-buy” rating and set a $125.00 target price on the stock in a research report on Monday, October 23rd. BMO Capital Markets began coverage on Universal Forest Products in a report on Tuesday, October 17th. They set a “market perform” rating and a $110.00 price target for the company. BidaskClub downgraded Universal Forest Products from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Finally, Sidoti began coverage on Universal Forest Products in a report on Tuesday, July 25th. They set a “buy” rating for the company. One investment analyst has rated the stock with a sell rating, two have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $117.50.

In other Universal Forest Products news, EVP Robert D. Coleman sold 5,000 shares of the firm’s stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $110.15, for a total value of $550,750.00. Following the completion of the sale, the executive vice president now owns 1,680 shares of the company’s stock, valued at $185,052. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Robert D. Coleman sold 4,100 shares of the firm’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $111.41, for a total value of $456,781.00. Following the completion of the sale, the executive vice president now directly owns 1,680 shares of the company’s stock, valued at approximately $187,168.80. The disclosure for this sale can be found here. In the last three months, insiders sold 12,096 shares of company stock valued at $1,284,305. 3.40% of the stock is owned by corporate insiders.

Shares of Universal Forest Products, Inc. (NASDAQ:UFPI) opened at $112.89 on Monday. The company has a current ratio of 2.62, a quick ratio of 1.40 and a debt-to-equity ratio of 0.15. Universal Forest Products, Inc. has a fifty-two week low of $77.80 and a fifty-two week high of $114.28. The firm has a market capitalization of $2,301.99, a price-to-earnings ratio of 21.18, a P/E/G ratio of 2.01 and a beta of 1.84.

Universal Forest Products shares are going to split on Wednesday, November 15th. The 3-1 split was announced on Wednesday, October 18th. The newly created shares will be payable to shareholders after the closing bell on Tuesday, November 14th.

Universal Forest Products (NASDAQ:UFPI) last issued its quarterly earnings results on Tuesday, October 17th. The construction company reported $1.64 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.56 by $0.08. Universal Forest Products had a return on equity of 12.05% and a net margin of 2.85%. The firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $984.99 million. During the same period last year, the company earned $1.36 earnings per share. The company’s revenue for the quarter was up 27.8% on a year-over-year basis. analysts anticipate that Universal Forest Products, Inc. will post 5.61 EPS for the current year.

The firm also recently announced a semiannual dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be issued a $0.17 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a yield of 0.31%. This is an increase from Universal Forest Products’s previous semiannual dividend of $0.15. Universal Forest Products’s dividend payout ratio (DPR) is 16.89%.

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Universal Forest Products Company Profile

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.

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

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