BidaskClub downgraded shares of Universal Forest Products, Inc. (NASDAQ:UFPI) from a hold rating to a sell rating in a research note issued to investors on Friday morning.

Several other equities research analysts also recently weighed in on UFPI. ValuEngine raised shares of Universal Forest Products from a hold rating to a buy rating in a research report on Thursday, May 11th. Zacks Investment Research downgraded shares of Universal Forest Products from a buy rating to a hold rating in a research report on Friday, June 2nd. Finally, Sidoti started coverage on shares of Universal Forest Products in a research report on Tuesday, July 25th. They set a buy rating for the company. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of $105.50.

Universal Forest Products (UFPI) opened at 83.85 on Friday. The stock has a 50 day moving average price of $87.20 and a 200-day moving average price of $93.97. Universal Forest Products has a 52 week low of $82.25 and a 52 week high of $110.97. The stock has a market cap of $1.72 billion, a P/E ratio of 16.63 and a beta of 1.89.

Universal Forest Products (NASDAQ:UFPI) last announced its quarterly earnings results on Tuesday, July 18th. The construction company reported $1.64 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.85 by $0.21. The firm had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.04 billion. Universal Forest Products had a net margin of 2.86% and a return on equity of 11.73%. Universal Forest Products’s revenue was up 23.0% on a year-over-year basis. During the same period last year, the business earned $1.64 EPS. On average, equities analysts anticipate that Universal Forest Products will post $5.60 EPS for the current fiscal year.

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Large investors have recently bought and sold shares of the company. Capital One National Association increased its stake in Universal Forest Products by 0.9% in the first quarter. Capital One National Association now owns 6,213 shares of the construction company’s stock worth $612,000 after buying an additional 58 shares during the period. Great West Life Assurance Co. Can increased its stake in Universal Forest Products by 6.6% in the first quarter. Great West Life Assurance Co. Can now owns 28,319 shares of the construction company’s stock worth $2,788,000 after buying an additional 1,745 shares during the period. Bowling Portfolio Management LLC increased its stake in Universal Forest Products by 29.6% in the first quarter. Bowling Portfolio Management LLC now owns 8,078 shares of the construction company’s stock worth $796,000 after buying an additional 1,847 shares during the period. Wells Fargo & Company MN increased its stake in Universal Forest Products by 28.7% in the first quarter. Wells Fargo & Company MN now owns 61,746 shares of the construction company’s stock worth $6,084,000 after buying an additional 13,760 shares during the period. Finally, Hillcrest Asset Management LLC increased its stake in Universal Forest Products by 7.9% in the first quarter. Hillcrest Asset Management LLC now owns 106,967 shares of the construction company’s stock worth $10,541,000 after buying an additional 7,867 shares during the period. 79.36% of the stock is owned by institutional investors and hedge funds.

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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