Universal Forest Products, Inc. (UFPI) Shares Bought by Gendell Jeffrey L

Gendell Jeffrey L increased its stake in shares of Universal Forest Products, Inc. (NASDAQ:UFPI) by 280.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 323,411 shares of the construction company’s stock after buying an additional 238,471 shares during the period. Universal Forest Products comprises about 0.8% of Gendell Jeffrey L’s investment portfolio, making the stock its 20th largest position. Gendell Jeffrey L’s holdings in Universal Forest Products were worth $12,167,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. The Manufacturers Life Insurance Company increased its stake in Universal Forest Products by 1.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 15,440 shares of the construction company’s stock valued at $1,348,000 after buying an additional 221 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. increased its stake in Universal Forest Products by 13.5% in the 3rd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 4,951 shares of the construction company’s stock valued at $486,000 after buying an additional 590 shares during the last quarter. New York State Common Retirement Fund increased its stake in Universal Forest Products by 2.9% in the 2nd quarter. New York State Common Retirement Fund now owns 21,300 shares of the construction company’s stock valued at $1,860,000 after buying an additional 599 shares during the last quarter. Aperio Group LLC increased its stake in Universal Forest Products by 11.9% in the 3rd quarter. Aperio Group LLC now owns 7,284 shares of the construction company’s stock valued at $715,000 after buying an additional 777 shares during the last quarter. Finally, American International Group Inc. increased its stake in Universal Forest Products by 5.6% in the 3rd quarter. American International Group Inc. now owns 15,895 shares of the construction company’s stock valued at $1,560,000 after buying an additional 847 shares during the last quarter. Institutional investors and hedge funds own 58.41% of the company’s stock.

In other news, CEO Matthew J. Missad sold 20,000 shares of Universal Forest Products stock in a transaction dated 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 approximately $7,502,413.08. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Charles Scott Greene sold 3,299 shares of Universal Forest Products stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $37.00, for a total transaction of $122,063.00. The disclosure for this sale can be found here. In the last three months, insiders sold 29,299 shares of company stock valued at $1,097,163. Insiders own 3.40% of the company’s stock.

Several equities research analysts have issued reports on UFPI shares. Zacks Investment Research upgraded shares of Universal Forest Products from a “hold” rating to a “strong-buy” rating and set a $41.67 price target on the stock in a research note on Monday, October 23rd. BidaskClub lowered shares of Universal Forest Products from a “buy” rating to a “hold” rating in a research note on Tuesday, December 12th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $39.17.

Universal Forest Products, Inc. (NASDAQ:UFPI) opened at $36.67 on Monday. 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 cap of $2,243.26, a PE ratio of 20.64 and a beta of 1.75. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.62 and a quick ratio of 1.40.

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

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