Universal Forest Products, Inc. (UFPI) VP Charles Scott Greene Sells 3,000 Shares

Universal Forest Products, Inc. (NASDAQ:UFPI) VP Charles Scott Greene sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $39.05, for a total transaction of $117,150.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Charles Scott Greene also recently made the following trade(s):

  • On Monday, December 11th, Charles Scott Greene sold 3,000 shares of Universal Forest Products stock. The shares were sold at an average price of $38.05, for a total transaction of $114,150.00.

Universal Forest Products, Inc. (NASDAQ:UFPI) opened at $37.53 on Wednesday. The company has a market cap of $2,328.29, a P/E ratio of 21.42, a price-to-earnings-growth ratio of 2.04 and a beta of 1.83. Universal Forest Products, Inc. has a one year low of $25.93 and a one year high of $39.58. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.40 and a current ratio of 2.62.

Universal Forest Products (NASDAQ:UFPI) last posted its quarterly earnings results on Tuesday, October 17th. The construction company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.52 by $0.03. Universal Forest Products had a net margin of 2.85% and a return on equity of 12.05%. The firm had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $984.99 million. During the same period last year, the firm posted $0.45 earnings per share. The business’s revenue was up 27.8% compared to the same quarter last year. sell-side analysts predict that Universal Forest Products, Inc. will post 1.87 EPS for the current fiscal year.

The company also recently announced a semiannual dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be paid a $0.17 dividend. This represents a dividend yield of 0.31%. This is an increase from Universal Forest Products’s previous semiannual dividend of $0.15. The ex-dividend date of this dividend is Thursday, November 30th. Universal Forest Products’s payout ratio is presently 19.14%.

Large investors have recently added to or reduced their stakes in the stock. Piedmont Investment Advisors LLC bought a new stake in Universal Forest Products in the second quarter valued at $387,000. Bank of New York Mellon Corp boosted its holdings in Universal Forest Products by 17.6% in the second quarter. Bank of New York Mellon Corp now owns 434,215 shares of the construction company’s stock valued at $37,911,000 after acquiring an additional 64,958 shares in the last quarter. Virginia Retirement Systems ET AL boosted its holdings in Universal Forest Products by 9.9% in the second quarter. Virginia Retirement Systems ET AL now owns 25,500 shares of the construction company’s stock valued at $2,226,000 after acquiring an additional 2,300 shares in the last quarter. Advisor Group Inc. boosted its holdings in Universal Forest Products by 89.6% in the third quarter. Advisor Group Inc. now owns 5,710 shares of the construction company’s stock valued at $560,000 after acquiring an additional 2,699 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in Universal Forest Products by 141.5% in the second quarter. Victory Capital Management Inc. now owns 168,879 shares of the construction company’s stock valued at $14,745,000 after acquiring an additional 98,948 shares in the last quarter. Institutional investors and hedge funds own 26.71% of the company’s stock.

UFPI has been the subject of a number of analyst reports. Zacks Investment Research upgraded shares of Universal Forest Products from a “sell” rating to a “hold” rating in a research report on Tuesday, September 19th. BMO Capital Markets initiated coverage on shares of Universal Forest Products in a research report on Tuesday, October 17th. They set a “market perform” rating and a $36.67 target price for the company. Finally, BidaskClub lowered shares of Universal Forest Products from a “buy” rating to a “hold” rating in a research report on Tuesday. Three analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $39.17.

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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.

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

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