Universal Forest Products, Inc. (NASDAQ:UFPI) was upgraded by research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued on Saturday.

Other equities analysts also recently issued reports about the stock. Zacks Investment Research downgraded shares of Universal Forest Products from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. ValuEngine raised shares of Universal Forest Products from a “hold” rating to a “buy” rating in a report on Thursday, May 11th.

Shares of Universal Forest Products (NASDAQ UFPI) traded up 0.92% during mid-day trading on Friday, reaching $89.02. 362,272 shares of the company’s stock were exchanged. Universal Forest Products has a 1-year low of $83.24 and a 1-year high of $110.97. The stock has a market capitalization of $1.83 billion, a PE ratio of 17.67 and a beta of 1.86. The company’s 50 day moving average is $89.69 and its 200 day moving average is $97.63.

Universal Forest Products (NASDAQ:UFPI) last posted its quarterly earnings data on Tuesday, April 18th. The construction company reported $1.03 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.03. The business had revenue of $846.10 million for the quarter, compared to the consensus estimate of $812.57 million. Universal Forest Products had a net margin of 2.56% and a return on equity of 9.58%. The company’s revenue was up 24.0% compared to the same quarter last year. During the same period last year, the firm posted $0.95 earnings per share. Equities research analysts anticipate that Universal Forest Products will post $5.87 EPS for the current fiscal year.

The business also recently disclosed a semiannual dividend, which was paid on Thursday, June 15th. Shareholders of record on Thursday, June 1st were issued a dividend of $0.45 per share. This represents a yield of 0.94%. The ex-dividend date of this dividend was Tuesday, May 30th. Universal Forest Products’s payout ratio is 17.82%.

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A number of institutional investors have recently bought and sold shares of UFPI. Suntrust Banks Inc. increased its position in Universal Forest Products by 1.1% in the first quarter. Suntrust Banks Inc. now owns 3,373 shares of the construction company’s stock valued at $331,000 after buying an additional 37 shares during the last quarter. State of Alaska Department of Revenue increased its position in Universal Forest Products by 2.3% in the first quarter. State of Alaska Department of Revenue now owns 2,250 shares of the construction company’s stock valued at $221,000 after buying an additional 50 shares during the last quarter. Capital One National Association increased its position in Universal Forest Products by 0.9% in the first quarter. Capital One National Association now owns 6,213 shares of the construction company’s stock valued at $612,000 after buying an additional 58 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its position in Universal Forest Products by 1.0% in the first quarter. Municipal Employees Retirement System of Michigan now owns 6,950 shares of the construction company’s stock valued at $685,000 after buying an additional 70 shares during the last quarter. Finally, Louisiana State Employees Retirement System increased its position in Universal Forest Products by 1.2% in the first quarter. Louisiana State Employees Retirement System now owns 8,300 shares of the construction company’s stock valued at $818,000 after buying an additional 100 shares during the last quarter. 81.44% of the stock is currently owned by institutional investors and hedge funds.

Universal Forest Products Company Profile

Universal Forest Products, Inc is a holding company. The Company, through its subsidiaries, supplies wood, wood composite and other products to three primary markets, such as retail, construction and industrial. Its segments include North, South, West, Alternative Materials, International, idX Holdings, Inc (idX) and Corporate divisions.

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