Virginia Retirement Systems ET AL purchased a new stake in shares of Universal Forest Products, Inc. (NASDAQ:UFPI) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 7,700 shares of the construction company’s stock, valued at approximately $282,000.

Several other hedge funds have also recently modified their holdings of the company. Bahl & Gaynor Inc. increased its position in shares of Universal Forest Products by 3.4% during the 1st quarter. Bahl & Gaynor Inc. now owns 51,481 shares of the construction company’s stock valued at $1,671,000 after purchasing an additional 1,691 shares during the period. Fox Run Management L.L.C. increased its position in shares of Universal Forest Products by 29.8% during the 2nd quarter. Fox Run Management L.L.C. now owns 9,462 shares of the construction company’s stock valued at $346,000 after purchasing an additional 2,170 shares during the period. DekaBank Deutsche Girozentrale increased its position in shares of Universal Forest Products by 202.4% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 3,420 shares of the construction company’s stock valued at $109,000 after purchasing an additional 2,289 shares during the period. Legal & General Group Plc increased its position in shares of Universal Forest Products by 1.9% during the 1st quarter. Legal & General Group Plc now owns 126,143 shares of the construction company’s stock valued at $4,072,000 after purchasing an additional 2,368 shares during the period. Finally, Great West Life Assurance Co. Can increased its position in shares of Universal Forest Products by 2.9% during the 1st quarter. Great West Life Assurance Co. Can now owns 82,849 shares of the construction company’s stock valued at $2,688,000 after purchasing an additional 2,371 shares during the period. Institutional investors own 82.47% of the company’s stock.

Several equities analysts have recently issued reports on the company. Zacks Investment Research upgraded Universal Forest Products from a “sell” rating to a “hold” rating in a research report on Monday, August 20th. BidaskClub cut Universal Forest Products from a “buy” rating to a “hold” rating in a report on Friday, July 13th. Seaport Global Securities assumed coverage on Universal Forest Products in a report on Friday, August 3rd. They issued a “buy” rating and a $47.00 target price on the stock. Finally, ValuEngine upgraded Universal Forest Products from a “sell” rating to a “hold” rating in a report on Tuesday, May 29th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $41.33.

Shares of NASDAQ UFPI opened at $37.06 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.57 and a current ratio of 3.00. The firm has a market capitalization of $2.34 billion, a P/E ratio of 19.98, a P/E/G ratio of 3.07 and a beta of 1.91. Universal Forest Products, Inc. has a 52-week low of $26.70 and a 52-week high of $39.58.

Universal Forest Products (NASDAQ:UFPI) last issued its earnings results on Wednesday, July 18th. The construction company reported $0.71 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.73 by ($0.02). The company had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.19 billion. Universal Forest Products had a return on equity of 13.07% and a net margin of 3.29%. The business’s revenue was up 20.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.64 earnings per share. research analysts expect that Universal Forest Products, Inc. will post 2.48 EPS for the current fiscal year.

In related news, COO Patrick M. Webster sold 12,881 shares of Universal Forest Products stock in a transaction on Friday, June 8th. The stock was sold at an average price of $38.76, for a total value of $499,267.56. Following the transaction, the chief operating officer now directly owns 201,560 shares in the company, valued at approximately $7,812,465.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.40% of the company’s stock.

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

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