Universal Forest Products, Inc. (NASDAQ:UFPI) VP Charles Scott Greene sold 2,475 shares of the company’s stock in a transaction that occurred on Thursday, March 16th. The stock was sold at an average price of $99.49, for a total value of $246,237.75. Following the sale, the vice president now owns 5,298 shares in the company, valued at approximately $527,098.02. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Shares of Universal Forest Products, Inc. (NASDAQ:UFPI) traded down 0.864% during midday trading on Monday, hitting $99.195. The stock had a trading volume of 29,288 shares. Universal Forest Products, Inc. has a 52 week low of $76.11 and a 52 week high of $110.97. The company’s 50 day moving average is $100.18 and its 200 day moving average is $99.77. The firm has a market cap of $2.02 billion, a P/E ratio of 19.999 and a beta of 1.70.

Universal Forest Products (NASDAQ:UFPI) last released its earnings results on Wednesday, February 22nd. The company reported $1.02 EPS for the quarter, topping the consensus estimate of $1.00 by $0.02. Universal Forest Products had a return on equity of 12.31% and a net margin of 3.27%. The business earned $859.60 million during the quarter, compared to analysts’ expectations of $705.10 million. During the same quarter last year, the firm posted $0.93 earnings per share. The firm’s revenue was up 31.5% on a year-over-year basis. On average, equities analysts predict that Universal Forest Products, Inc. will post $5.86 earnings per share for the current fiscal year.

Insider Buying and Selling by Quarter for Universal Forest Products (NASDAQ:UFPI)

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Large investors have recently added to or reduced their stakes in the company. Teachers Advisors LLC boosted its stake in Universal Forest Products by 25.2% in the third quarter. Teachers Advisors LLC now owns 176,403 shares of the company’s stock valued at $17,374,000 after buying an additional 35,553 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Universal Forest Products by 2.0% in the third quarter. Principal Financial Group Inc. now owns 389,260 shares of the company’s stock valued at $38,338,000 after buying an additional 7,519 shares in the last quarter. Russell Investments Group Ltd. acquired a new stake in Universal Forest Products during the fourth quarter valued at approximately $12,012,000. James Investment Research Inc. boosted its stake in Universal Forest Products by 1.8% in the third quarter. James Investment Research Inc. now owns 213,343 shares of the company’s stock valued at $21,012,000 after buying an additional 3,865 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in Universal Forest Products by 8.6% in the third quarter. JPMorgan Chase & Co. now owns 280,905 shares of the company’s stock valued at $27,666,000 after buying an additional 22,346 shares in the last quarter. 81.12% of the stock is owned by institutional investors and hedge funds.

Separately, Zacks Investment Research cut Universal Forest Products from a “hold” rating to a “sell” rating in a research note on Monday, February 27th.

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: retail, construction and industrial. Its industrial market serves as industrial manufacturers and other customers for packaging, material handling and other applications.

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