Somewhat Positive Press Coverage Somewhat Unlikely to Impact Universal Forest Products (UFPI) Stock Price
Media coverage about Universal Forest Products (NASDAQ:UFPI) has trended somewhat positive this week, according to Accern. The research group identifies positive and negative media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Universal Forest Products earned a news impact score of 0.20 on Accern’s scale. Accern also gave news headlines about the construction company an impact score of 45.8650654020407 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
A number of research firms have recently commented on UFPI. BMO Capital Markets began coverage on Universal Forest Products in a research note on Tuesday, October 17th. They issued a “market perform” rating and a $36.67 target price for the company. Zacks Investment Research upgraded Universal Forest Products from a “sell” rating to a “hold” rating in a research note on Tuesday, September 19th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. Universal Forest Products has an average rating of “Hold” and a consensus price target of $39.17.
Universal Forest Products (UFPI) traded down $0.10 during mid-day trading on Friday, reaching $38.31. The company had a trading volume of 172,093 shares, compared to its average volume of 309,595. Universal Forest Products has a one year low of $25.93 and a one year high of $39.58. The company has a current ratio of 2.62, a quick ratio of 1.40 and a debt-to-equity ratio of 0.15. The company has a market cap of $2,349.70, a price-to-earnings ratio of 21.62, a PEG ratio of 2.05 and a beta of 1.83.
Universal Forest Products (NASDAQ:UFPI) last posted its quarterly earnings data on Tuesday, October 17th. The construction company reported $0.55 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.03. Universal Forest Products had a return on equity of 12.05% and a net margin of 2.85%. The company had revenue of $1.06 billion during the quarter, compared to analyst estimates of $984.99 million. During the same quarter last year, the company earned $0.45 EPS. The firm’s revenue for the quarter was up 27.8% on a year-over-year basis. equities research analysts predict that Universal Forest Products will post 1.87 earnings per share for the current year.
The business also recently disclosed a semiannual dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be given a dividend of $0.17 per share. This represents a yield of 0.31%. The ex-dividend date of this dividend is Thursday, November 30th. This is a positive change from Universal Forest Products’s previous semiannual dividend of $0.15. Universal Forest Products’s dividend payout ratio (DPR) is 19.14%.
In related news, insider Patrick M. Webster sold 996 shares of the firm’s stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $88.93, for a total transaction of $88,574.28. Following the completion of the transaction, the insider now owns 58,919 shares of the company’s stock, valued at approximately $5,239,666.67. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Charles Scott Greene sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $39.05, for a total value of $117,150.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 15,096 shares of company stock valued at $1,401,455. 3.40% of the stock is owned by corporate insiders.
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.
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