Universal Forest Products, Inc. (NASDAQ:UFPI) insider Patrick M. Benton sold 6,123 shares of the stock in a transaction that occurred on Thursday, July 30th. The stock was sold at an average price of $58.68, for a total transaction of $359,297.64. Following the completion of the transaction, the insider now owns 91,509 shares in the company, valued at $5,369,748.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Shares of NASDAQ UFPI opened at $58.22 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.79 and a current ratio of 2.84. The company has a market cap of $3.60 billion, a P/E ratio of 18.31 and a beta of 1.60. The firm’s fifty day moving average is $49.38 and its two-hundred day moving average is $45.16. Universal Forest Products, Inc. has a 52-week low of $29.17 and a 52-week high of $58.92.

Universal Forest Products (NASDAQ:UFPI) last announced its quarterly earnings results on Wednesday, July 22nd. The construction company reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.45. The company had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.09 billion. Universal Forest Products had a net margin of 4.42% and a return on equity of 15.39%. As a group, analysts forecast that Universal Forest Products, Inc. will post 3.13 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be issued a $0.125 dividend. The ex-dividend date of this dividend is Monday, August 31st. This represents a $0.50 dividend on an annualized basis and a yield of 0.86%. Universal Forest Products’s dividend payout ratio is currently 17.18%.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Franklin Resources Inc. grew its stake in shares of Universal Forest Products by 19.5% in the 1st quarter. Franklin Resources Inc. now owns 2,071,329 shares of the construction company’s stock worth $77,032,000 after buying an additional 338,723 shares in the last quarter. State Street Corp grew its stake in shares of Universal Forest Products by 6.5% in the 1st quarter. State Street Corp now owns 1,866,943 shares of the construction company’s stock worth $69,432,000 after buying an additional 113,362 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of Universal Forest Products by 5.7% in the 1st quarter. Victory Capital Management Inc. now owns 1,553,965 shares of the construction company’s stock worth $57,792,000 after buying an additional 84,333 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Universal Forest Products by 11.7% in the 1st quarter. Geode Capital Management LLC now owns 1,046,106 shares of the construction company’s stock worth $38,904,000 after buying an additional 109,699 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Universal Forest Products in the 4th quarter worth $44,336,000. Institutional investors own 78.09% of the company’s stock.

Several research analysts have weighed in on the stock. Benchmark increased their price target on shares of Universal Forest Products from $56.00 to $66.00 and gave the stock a “buy” rating in a research report on Friday, July 24th. Stifel Nicolaus raised their price objective on shares of Universal Forest Products from $45.00 to $49.00 and gave the company a “buy” rating in a research report on Friday, May 8th. DA Davidson decreased their price objective on shares of Universal Forest Products from $65.00 to $60.00 and set a “buy” rating on the stock in a research report on Friday, April 24th. BMO Capital Markets raised their price objective on shares of Universal Forest Products from $44.00 to $53.00 and gave the company a “market perform” rating in a research report on Monday, July 27th. Finally, Zacks Investment Research downgraded shares of Universal Forest Products from a “hold” rating to a “sell” rating and set a $43.00 price objective on the stock. in a research report on Monday, April 13th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. Universal Forest Products has a consensus rating of “Hold” and an average target price of $51.83.

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 and wood composite decking and related accessories, 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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Insider Buying and Selling by Quarter for Universal Forest Products (NASDAQ:UFPI)

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