Universal Forest Products (UFPI) Given Daily Coverage Optimism Rating of 0.11
Media coverage about Universal Forest Products (NASDAQ:UFPI) has been trending somewhat positive recently, Accern reports. Accern identifies negative and positive news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Universal Forest Products earned a coverage optimism score of 0.11 on Accern’s scale. Accern also gave news headlines about the construction company an impact score of 45.5877620505669 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
A number of equities research analysts have commented on the company. Zacks Investment Research raised Universal Forest Products from a “sell” rating to a “hold” rating in a research note on Tuesday, September 19th. BidaskClub cut Universal Forest Products from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. Finally, BMO Capital Markets began coverage on Universal Forest Products in a research report on Tuesday, October 17th. They set a “market perform” rating and a $36.67 target price on the stock. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Universal Forest Products currently has an average rating of “Hold” and a consensus price target of $39.17.
Shares of Universal Forest Products (NASDAQ UFPI) traded down $0.51 on Friday, hitting $37.62. The company’s stock had a trading volume of 230,032 shares, compared to its average volume of 284,922. The company has a market capitalization of $2,301.37, a price-to-earnings ratio of 21.17, a PEG ratio of 2.01 and a beta of 1.83. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.40 and a current ratio of 2.62. Universal Forest Products has a 52-week low of $25.93 and a 52-week high of $39.58.
Universal Forest Products (NASDAQ:UFPI) last released its quarterly earnings data on Tuesday, October 17th. The construction company reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $984.99 million. During the same period in the previous year, the company posted $0.45 EPS. The firm’s revenue for the quarter was up 27.8% compared to the same quarter last year. equities analysts forecast that Universal Forest Products will post 1.87 EPS for the current year.
The firm also recently announced a semiannual dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were given a dividend of $0.17 per share. This represents a yield of 0.31%. This is a boost from Universal Forest Products’s previous semiannual dividend of $0.15. The ex-dividend date was Thursday, November 30th. Universal Forest Products’s payout ratio is presently 19.14%.
In other news, VP Charles Scott Greene sold 3,299 shares of the company’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $37.00, for a total value of $122,063.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Robert D. Coleman sold 4,100 shares of the company’s stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $111.41, for a total value of $456,781.00. Following the completion of the transaction, the executive vice president now owns 1,680 shares of the company’s stock, valued at $187,168.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 38,899 shares of company stock valued at $2,159,694. 3.40% of the stock is owned by company insiders.
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About Universal Forest Products
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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