Universal Forest Products, Inc. (NASDAQ:UFPI) shares hit a new 52-week low during trading on Thursday . The company traded as low as $25.99 and last traded at $26.55, with a volume of 15234 shares trading hands. The stock had previously closed at $26.32.
A number of research analysts have recently commented on the company. Zacks Investment Research raised Universal Forest Products from a “sell” rating to a “hold” rating in a report on Monday, August 20th. BidaskClub lowered Universal Forest Products from a “buy” rating to a “hold” rating in a report on Tuesday, September 25th. Finally, ValuEngine lowered Universal Forest Products from a “hold” rating to a “sell” rating in a report on Tuesday, September 4th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $41.33.
The firm has a market cap of $1.66 billion, a P/E ratio of 14.71, a price-to-earnings-growth ratio of 2.32 and a beta of 1.84. The company has a quick ratio of 1.50, a current ratio of 2.92 and a debt-to-equity ratio of 0.17.
Universal Forest Products (NASDAQ:UFPI) last issued its quarterly earnings results on Tuesday, October 16th. The construction company reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.07). The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.19 billion. Universal Forest Products had a net margin of 3.34% and a return on equity of 13.35%. Universal Forest Products’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same period last year, the business posted $0.55 earnings per share. On average, research analysts anticipate that Universal Forest Products, Inc. will post 2.32 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Saturday, December 15th. Stockholders of record on Saturday, December 1st will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date of this dividend is Thursday, November 29th. Universal Forest Products’s dividend payout ratio (DPR) is 19.57%.
In other news, EVP Robert D. Coleman sold 10,000 shares of the firm’s stock in a transaction on Tuesday, September 11th. The stock was sold at an average price of $37.90, for a total transaction of $379,000.00. Following the transaction, the executive vice president now directly owns 5,040 shares of the company’s stock, valued at $191,016. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 3.40% of the stock is currently owned by company insiders.
Several institutional investors and hedge funds have recently modified their holdings of UFPI. State Board of Administration of Florida Retirement System grew its holdings in Universal Forest Products by 5.6% during the second quarter. State Board of Administration of Florida Retirement System now owns 29,092 shares of the construction company’s stock worth $1,065,000 after acquiring an additional 1,532 shares during the period. Teachers Advisors LLC grew its holdings in Universal Forest Products by 0.9% during the third quarter. Teachers Advisors LLC now owns 212,352 shares of the construction company’s stock worth $7,502,000 after acquiring an additional 1,793 shares during the period. Fox Run Management L.L.C. grew its holdings in Universal Forest Products by 19.4% during the third quarter. Fox Run Management L.L.C. now owns 11,295 shares of the construction company’s stock worth $399,000 after acquiring an additional 1,833 shares during the period. Envestnet Asset Management Inc. grew its holdings in Universal Forest Products by 14.9% during the second quarter. Envestnet Asset Management Inc. now owns 14,935 shares of the construction company’s stock worth $546,000 after acquiring an additional 1,936 shares during the period. Finally, BancorpSouth Bank grew its holdings in Universal Forest Products by 10.4% during the second quarter. BancorpSouth Bank now owns 20,814 shares of the construction company’s stock worth $762,000 after acquiring an additional 1,967 shares during the period. 80.97% of the stock is currently owned by institutional investors.
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About Universal Forest Products (NASDAQ:UFPI)
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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