Claybrook Capital LLC acquired a new stake in Universal Forest Products, Inc. (NASDAQ:UFPI) in the 4th quarter, HoldingsChannel reports. The fund acquired 2,628 shares of the construction company’s stock, valued at approximately $68,000.

Several other institutional investors have also recently made changes to their positions in the company. Comerica Bank lifted its holdings in shares of Universal Forest Products by 0.7% in the fourth quarter. Comerica Bank now owns 60,298 shares of the construction company’s stock valued at $1,757,000 after buying an additional 415 shares during the period. Bank of Montreal Can raised its position in shares of Universal Forest Products by 16.9% during the fourth quarter. Bank of Montreal Can now owns 3,009 shares of the construction company’s stock worth $78,000 after purchasing an additional 435 shares during the period. Piedmont Investment Advisors Inc. raised its position in shares of Universal Forest Products by 3.3% during the fourth quarter. Piedmont Investment Advisors Inc. now owns 14,642 shares of the construction company’s stock worth $380,000 after purchasing an additional 472 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Universal Forest Products by 18.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,790 shares of the construction company’s stock worth $124,000 after purchasing an additional 759 shares during the period. Finally, Texas Permanent School Fund raised its position in shares of Universal Forest Products by 4.0% during the fourth quarter. Texas Permanent School Fund now owns 40,347 shares of the construction company’s stock worth $1,047,000 after purchasing an additional 1,568 shares during the period. Institutional investors and hedge funds own 79.72% of the company’s stock.

UFPI has been the topic of a number of recent analyst reports. Zacks Investment Research lowered Universal Forest Products from a “hold” rating to a “sell” rating in a research report on Tuesday, February 26th. BidaskClub lowered Universal Forest Products from a “buy” rating to a “hold” rating in a research report on Wednesday, March 6th. Finally, ValuEngine raised Universal Forest Products from a “strong sell” rating to a “sell” rating in a research report on Thursday, February 28th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $42.00.

Shares of Universal Forest Products stock opened at $30.67 on Friday. The firm has a market cap of $1.83 billion, a PE ratio of 13.16, a P/E/G ratio of 2.19 and a beta of 1.77. The company has a current ratio of 3.21, a quick ratio of 1.42 and a debt-to-equity ratio of 0.19. Universal Forest Products, Inc. has a 12-month low of $24.14 and a 12-month high of $39.41.

Universal Forest Products (NASDAQ:UFPI) last announced its earnings results on Wednesday, February 20th. The construction company reported $0.52 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.52. The company had revenue of $988.20 million for the quarter, compared to analyst estimates of $1.02 billion. Universal Forest Products had a return on equity of 13.58% and a net margin of 3.31%. Universal Forest Products’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.51 earnings per share. Equities research analysts predict that Universal Forest Products, Inc. will post 2.74 EPS for the current fiscal year.

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About Universal Forest Products

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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