Eqis Capital Management Inc. boosted its holdings in shares of Universal Forest Products, Inc. (NASDAQ:UFPI) by 235.5% in the 4th quarter, Holdings Channel reports. The firm owned 11,960 shares of the construction company’s stock after buying an additional 8,395 shares during the period. Eqis Capital Management Inc.’s holdings in Universal Forest Products were worth $450,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in UFPI. Wells Fargo & Company MN lifted its stake in Universal Forest Products by 54.2% during the second quarter. Wells Fargo & Company MN now owns 95,182 shares of the construction company’s stock worth $8,309,000 after purchasing an additional 33,436 shares during the last quarter. Amalgamated Bank lifted its stake in Universal Forest Products by 5.0% during the second quarter. Amalgamated Bank now owns 2,768 shares of the construction company’s stock worth $242,000 after purchasing an additional 133 shares during the last quarter. New York State Common Retirement Fund lifted its stake in Universal Forest Products by 2.9% during the second quarter. New York State Common Retirement Fund now owns 21,300 shares of the construction company’s stock worth $1,860,000 after purchasing an additional 599 shares during the last quarter. Northern Trust Corp lifted its stake in Universal Forest Products by 2.6% during the second quarter. Northern Trust Corp now owns 373,172 shares of the construction company’s stock worth $32,582,000 after purchasing an additional 9,340 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in Universal Forest Products by 2.8% during the second quarter. Vanguard Group Inc. now owns 1,821,981 shares of the construction company’s stock worth $159,077,000 after purchasing an additional 49,058 shares during the last quarter. Hedge funds and other institutional investors own 28.23% of the company’s stock.

In other news, VP Charles Scott Greene sold 3,000 shares of the stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $39.05, for a total value of $117,150.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Matthew J. Missad sold 20,000 shares of the stock in a transaction on Friday, December 15th. The shares were sold at an average price of $37.19, for a total value of $743,800.00. Following the completion of the transaction, the chief executive officer now owns 201,732 shares of the company’s stock, valued at $7,502,413.08. The disclosure for this sale can be found here. Insiders sold a total of 29,299 shares of company stock valued at $1,097,163 over the last quarter. 3.40% of the stock is owned by corporate insiders.

Several research firms have weighed in on UFPI. BMO Capital Markets began coverage on Universal Forest Products in a research note on Tuesday, October 17th. They set a “market perform” rating and a $36.67 target price for the company. BidaskClub cut Universal Forest Products from a “hold” rating to a “sell” rating in a research note on Friday, January 19th. Finally, Zacks Investment Research upgraded Universal Forest Products from a “hold” rating to a “strong-buy” rating and set a $41.67 target price for the company in a research note on Monday, October 23rd. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $39.17.

Universal Forest Products, Inc. (NASDAQ UFPI) opened at $37.17 on Friday. Universal Forest Products, Inc. has a 12 month low of $25.93 and a 12 month high of $39.58. The company has a market capitalization of $2,280.00, a price-to-earnings ratio of 20.88, a PEG ratio of 1.75 and a beta of 1.85. The company has a quick ratio of 1.40, a current ratio of 2.62 and a debt-to-equity ratio of 0.15.

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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.

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

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