Today, 1,368 Shares of Universal Forest Products Inc. (UFPI) Stock are sold by Patrick M. Benton

Today, 1,368 Shares of Universal Forest Products Inc. (UFPI) Stock are sold by Patrick M. Benton

Universal Forest Products Inc. (NASDAQ:UFPI) VP Patrick M. Benton sold 1,368 shares of the stock in a transaction that occurred on Monday, November 28th. The stock was sold at an average price of $102.56, for a total transaction of $140,302.08. Following the transaction, the vice president now directly owns 9,482 shares in the company, valued at approximately $972,473.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Universal Forest Products Inc. (NASDAQ:UFPI) traded down 0.51% during midday trading on Tuesday, hitting $100.27. The stock had a trading volume of 5,120 shares. Universal Forest Products Inc. has a 52 week low of $59.66 and a 52 week high of $110.97. The stock has a market cap of $2.04 billion, a P/E ratio of 20.59 and a beta of 1.62. The company has a 50-day moving average price of $93.42 and a 200-day moving average price of $96.58.

Universal Forest Products (NASDAQ:UFPI) last released its quarterly earnings results on Tuesday, October 18th. The company reported $1.36 EPS for the quarter, beating analysts’ consensus estimates of $1.35 by $0.01. The business earned $826.70 million during the quarter, compared to analyst estimates of $856.33 million. Universal Forest Products had a return on equity of 12.31% and a net margin of 3.27%. Universal Forest Products’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.26 EPS. Equities analysts expect that Universal Forest Products Inc. will post $4.87 EPS for the current year.

The business also recently declared a semiannual dividend, which will be paid on Thursday, December 15th. Investors of record on Thursday, December 1st will be given a $0.45 dividend. This is a positive change from Universal Forest Products’s previous semiannual dividend of $0.42. This represents a yield of 0.95%. The ex-dividend date of this dividend is Tuesday, November 29th. Universal Forest Products’s dividend payout ratio is presently 17.21%.

UFPI has been the subject of a number of research analyst reports. Zacks Investment Research cut shares of Universal Forest Products from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 21st. DA Davidson raised shares of Universal Forest Products from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $105.00 to $110.00 in a research report on Thursday, October 20th. They noted that the move was a valuation call.

A number of large investors have recently added to or reduced their stakes in UFPI. Commerce Bank increased its position in shares of Universal Forest Products by 0.5% in the third quarter. Commerce Bank now owns 6,560 shares of the company’s stock worth $646,000 after buying an additional 35 shares during the period. Municipal Employees Retirement System of Michigan increased its position in shares of Universal Forest Products by 1.4% in the third quarter. Municipal Employees Retirement System of Michigan now owns 6,620 shares of the company’s stock worth $652,000 after buying an additional 90 shares during the period. Lucus Advisors LLC increased its position in shares of Universal Forest Products by 2.5% in the third quarter. Lucus Advisors LLC now owns 3,960 shares of the company’s stock worth $390,000 after buying an additional 96 shares during the period. Louisiana State Employees Retirement System increased its position in shares of Universal Forest Products by 1.1% in the second quarter. Louisiana State Employees Retirement System now owns 9,000 shares of the company’s stock worth $834,000 after buying an additional 100 shares during the period. Finally, Nationwide Fund Advisors increased its position in shares of Universal Forest Products by 0.3% in the third quarter. Nationwide Fund Advisors now owns 30,017 shares of the company’s stock worth $2,956,000 after buying an additional 104 shares during the period. 81.41% of the stock is owned by institutional investors and hedge funds.

Universal Forest Products Company Profile

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