Today: Universal Forest Products Inc. (UFPI) Set to Announce Earnings on Wednesday

Today: Universal Forest Products Inc. (UFPI) Set to Announce Earnings on Wednesday

Universal Forest Products Inc. (NASDAQ:UFPI) is scheduled to be announcing its earnings results on Wednesday, October 19th. Investors interested in listening to the company’s conference call can do so using this link.

Universal Forest Products (NASDAQ:UFPI) last announced its quarterly earnings data on Wednesday, July 20th. The company reported $1.64 EPS for the quarter, topping the Zacks’ consensus estimate of $1.48 by $0.16. Universal Forest Products had a return on equity of 12.38% and a net margin of 3.27%. The firm earned $872.10 million during the quarter, compared to analyst estimates of $903.33 million. During the same period last year, the company posted $1.28 EPS. The business’s quarterly revenue was up 4.0% compared to the same quarter last year. On average, analysts expect Universal Forest Products to post $4.84 EPS for the current fiscal year and $5.29 EPS for the next fiscal year.

Shares of Universal Forest Products Inc. (NASDAQ:UFPI) opened at 98.61 on Monday. Universal Forest Products Inc. has a 12 month low of $59.66 and a 12 month high of $110.97. The firm’s 50-day moving average price is $102.24 and its 200-day moving average price is $94.41. The firm has a market capitalization of $2.00 billion, a price-to-earnings ratio of 20.63 and a beta of 1.54.

In related news, VP Charles Scott Greene sold 4,639 shares of the company’s stock in a transaction dated Friday, September 2nd. The stock was sold at an average price of $109.99, for a total value of $510,243.61. Following the completion of the sale, the vice president now owns 9,298 shares in the company, valued at $1,022,687.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Robert D. Coleman sold 7,500 shares of the company’s stock in a transaction dated Friday, September 2nd. The shares were sold at an average price of $108.53, for a total value of $813,975.00. Following the completion of the sale, the executive vice president now owns 1,680 shares of the company’s stock, valued at approximately $182,330.40. The disclosure for this sale can be found here. 3.50% of the stock is owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in UFPI. BlackRock Japan Co. Ltd increased its stake in Universal Forest Products by 59.5% in the second quarter. BlackRock Japan Co. Ltd now owns 1,509 shares of the company’s stock worth $140,000 after buying an additional 563 shares in the last quarter. Hsbc Holdings PLC acquired a new position in Universal Forest Products during the second quarter worth about $205,000. National Asset Management Inc. acquired a new position in Universal Forest Products during the second quarter worth about $256,000. Bluestein R H & Co. boosted its position in Universal Forest Products by 27.7% in the second quarter. Bluestein R H & Co. now owns 3,000 shares of the company’s stock worth $278,000 after buying an additional 650 shares during the last quarter. Finally, Algert Global LLC acquired a new position in Universal Forest Products during the second quarter worth about $400,000. Institutional investors and hedge funds own 82.42% of the company’s stock.

UFPI has been the subject of a number of recent research reports. Zacks Investment Research upgraded Universal Forest Products from a “hold” rating to a “strong-buy” rating and set a $121.00 target price for the company in a research report on Tuesday, July 26th. DA Davidson upgraded Universal Forest Products from an “underperform” rating to a “neutral” rating in a research report on Friday, July 22nd.

Universal Forest Products Company Profile

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