Press coverage about Universal Forest Products (NASDAQ:UFPI) has been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Universal Forest Products earned a news impact score of 0.21 on Accern’s scale. Accern also assigned media headlines about the construction company an impact score of 46.3636584915555 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:
A number of research analysts recently weighed in on UFPI shares. Zacks Investment Research raised Universal Forest Products from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a report on Wednesday, February 28th. BMO Capital Markets reaffirmed a “hold” rating and set a $37.00 price objective on shares of Universal Forest Products in a report on Monday, April 2nd. BidaskClub raised Universal Forest Products from a “sell” rating to a “hold” rating in a report on Tuesday, April 10th. Finally, ValuEngine lowered Universal Forest Products from a “hold” rating to a “sell” rating in a report on Monday, April 2nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $38.50.
Universal Forest Products stock opened at $33.41 on Tuesday. The company has a current ratio of 2.85, a quick ratio of 1.33 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $2,020.93, a price-to-earnings ratio of 18.16, a PEG ratio of 2.81 and a beta of 1.82. Universal Forest Products has a fifty-two week low of $25.93 and a fifty-two week high of $39.58.
Universal Forest Products (NASDAQ:UFPI) last posted its earnings results on Thursday, February 22nd. The construction company reported $0.41 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.03). The firm had revenue of $966.09 million during the quarter, compared to analyst estimates of $970.05 million. Universal Forest Products had a net margin of 3.03% and a return on equity of 12.10%. The firm’s revenue for the quarter was up 12.4% on a year-over-year basis. During the same period last year, the company posted $0.34 EPS. equities analysts predict that Universal Forest Products will post 2.35 EPS for the current year.
In other Universal Forest Products news, insider Allen T. Peters sold 1,500 shares of the company’s stock in a transaction on Thursday, March 22nd. The stock was sold at an average price of $33.50, for a total value of $50,250.00. Following the sale, the insider now owns 91,830 shares of the company’s stock, valued at $3,076,305. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mary E. Tuuk bought 10,000 shares of the stock in a transaction on Tuesday, March 13th. The stock was purchased at an average cost of $33.90 per share, for a total transaction of $339,000.00. Following the acquisition, the director now directly owns 8,277 shares of the company’s stock, valued at approximately $280,590.30. The disclosure for this purchase can be found here. Insiders sold 18,790 shares of company stock worth $631,369 in the last three months. 3.40% of the stock is owned by corporate insiders.
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About Universal Forest Products
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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