DekaBank Deutsche Girozentrale grew its position in Universal Forest Products (NASDAQ:UFPI) by 202.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,420 shares of the construction company’s stock after purchasing an additional 2,289 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Universal Forest Products were worth $109,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in UFPI. BlackRock Inc. grew its holdings in shares of Universal Forest Products by 209.6% during the fourth quarter. BlackRock Inc. now owns 9,884,817 shares of the construction company’s stock valued at $371,868,000 after buying an additional 6,692,022 shares during the last quarter. Franklin Resources Inc. grew its holdings in shares of Universal Forest Products by 200.0% during the fourth quarter. Franklin Resources Inc. now owns 2,011,836 shares of the construction company’s stock valued at $75,685,000 after buying an additional 1,341,224 shares during the last quarter. Allianz Asset Management GmbH grew its holdings in shares of Universal Forest Products by 152.9% during the fourth quarter. Allianz Asset Management GmbH now owns 1,185,295 shares of the construction company’s stock valued at $44,590,000 after buying an additional 716,621 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Universal Forest Products by 152.9% during the fourth quarter. Bank of New York Mellon Corp now owns 1,013,359 shares of the construction company’s stock valued at $38,124,000 after buying an additional 612,656 shares during the last quarter. Finally, Millennium Management LLC grew its holdings in shares of Universal Forest Products by 374.5% during the fourth quarter. Millennium Management LLC now owns 645,557 shares of the construction company’s stock valued at $24,286,000 after buying an additional 509,493 shares during the last quarter. 77.77% of the stock is currently owned by institutional investors and hedge funds.

In other Universal Forest Products news, Director Mary E. Tuuk purchased 10,000 shares of the stock in a transaction on Tuesday, March 13th. The shares were bought at an average cost of $33.90 per share, with a total value of $339,000.00. Following the completion of the acquisition, the director now owns 8,277 shares in the company, valued at $280,590.30. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jonathan E. West sold 2,650 shares of the company’s stock in a transaction on Wednesday, April 25th. The shares were sold at an average price of $32.64, for a total transaction of $86,496.00. Following the completion of the sale, the insider now directly owns 40,571 shares in the company, valued at $1,324,237.44. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 21,440 shares of company stock worth $717,865. 3.40% of the stock is owned by corporate insiders.

NASDAQ:UFPI opened at $36.27 on Friday. Universal Forest Products has a one year low of $25.93 and a one year high of $39.58. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.67 and a current ratio of 3.33. The firm has a market capitalization of $2.18 billion, a price-to-earnings ratio of 19.71, a price-to-earnings-growth ratio of 2.84 and a beta of 1.84.

Universal Forest Products (NASDAQ:UFPI) last posted its quarterly earnings results on Wednesday, April 18th. The construction company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.42 by $0.03. Universal Forest Products had a net margin of 3.21% and a return on equity of 12.44%. The company had revenue of $993.90 million for the quarter, compared to analyst estimates of $914.75 million. During the same period in the prior year, the company earned $1.03 earnings per share. The firm’s revenue was up 17.5% on a year-over-year basis. sell-side analysts anticipate that Universal Forest Products will post 2.49 earnings per share for the current year.

The firm also recently declared a semiannual dividend, which will be paid on Friday, June 15th. Shareholders of record on Friday, June 1st will be issued a $0.18 dividend. This represents a yield of 1.08%. This is a positive change from Universal Forest Products’s previous semiannual dividend of $0.17. The ex-dividend date is Thursday, May 31st. Universal Forest Products’s dividend payout ratio is presently 18.48%.

UFPI has been the topic of a number of research analyst reports. ValuEngine lowered shares of Universal Forest Products from a “hold” rating to a “sell” rating in a report on Monday, April 2nd. BidaskClub lowered shares of Universal Forest Products from a “hold” rating to a “sell” rating in a report on Saturday, April 28th. Zacks Investment Research raised shares of Universal Forest Products from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a report on Wednesday, February 28th. Finally, BMO Capital Markets reissued a “hold” rating and set a $37.00 price objective on shares of Universal Forest Products in a report on Monday, April 2nd. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $38.50.

Universal Forest Products Company 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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