California State Teachers Retirement System Reduces Position in Universal Forest Products, Inc. (NASDAQ:UFPI)

California State Teachers Retirement System reduced its holdings in shares of Universal Forest Products, Inc. (NASDAQ:UFPI) by 9.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 32,024 shares of the construction company’s stock after selling 3,386 shares during the period. California State Teachers Retirement System owned about 0.16% of Universal Forest Products worth $3,143,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of UFPI. BlackRock Inc. raised its stake in shares of Universal Forest Products by 2.6% in the second quarter. BlackRock Inc. now owns 3,268,039 shares of the construction company’s stock worth $285,334,000 after acquiring an additional 82,962 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Universal Forest Products by 2.8% during the second quarter. Vanguard Group Inc. now owns 1,821,981 shares of the construction company’s stock worth $159,077,000 after buying an additional 49,058 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Universal Forest Products by 2.5% during the third quarter. Dimensional Fund Advisors LP now owns 1,596,582 shares of the construction company’s stock worth $156,719,000 after buying an additional 38,595 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of Universal Forest Products by 10.8% during the second quarter. Franklin Resources Inc. now owns 549,212 shares of the construction company’s stock worth $47,952,000 after buying an additional 53,700 shares during the last quarter. Finally, Northern Trust Corp raised its stake in shares of Universal Forest Products by 2.6% during the second quarter. Northern Trust Corp now owns 373,172 shares of the construction company’s stock worth $32,582,000 after buying an additional 9,340 shares during the last quarter. Institutional investors and hedge funds own 26.69% of the company’s stock.

A number of research analysts recently issued reports on UFPI shares. Zacks Investment Research cut shares of Universal Forest Products from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 19th. BidaskClub cut shares of Universal Forest Products from a “buy” rating to a “hold” rating in a report on Tuesday, December 12th. Finally, BMO Capital Markets started coverage on shares of Universal Forest Products in a research report on Tuesday, October 17th. They issued a “market perform” rating and a $36.67 price objective on the stock. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Universal Forest Products has a consensus rating of “Hold” and a consensus price target of $39.17.

In other Universal Forest Products news, VP Charles Scott Greene sold 3,299 shares of the stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $37.00, for a total transaction of $122,063.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Robert D. Coleman sold 5,000 shares of the stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $110.15, for a total transaction of $550,750.00. Following the sale, the executive vice president now owns 1,680 shares in the company, valued at $185,052. The disclosure for this sale can be found here. Insiders sold 38,899 shares of company stock worth $2,159,694 over the last 90 days. 3.40% of the stock is currently owned by corporate insiders.

Shares of Universal Forest Products, Inc. (NASDAQ:UFPI) opened at $37.32 on Thursday. The stock has a market cap of $2,290.97, a price-to-earnings ratio of 21.01, a price-to-earnings-growth ratio of 1.71 and a beta of 1.84. Universal Forest Products, Inc. has a 1 year low of $25.93 and a 1 year high of $39.58. The company has a current ratio of 2.62, a quick ratio of 1.40 and a debt-to-equity ratio of 0.15.

Universal Forest Products (NASDAQ:UFPI) last issued its quarterly earnings data on Tuesday, October 17th. The construction company reported $0.55 earnings per share for the quarter, beating the Thomson Reuters’ 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 company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $984.99 million. During the same period in the prior year, the firm earned $0.45 earnings per share. The company’s revenue was up 27.8% on a year-over-year basis. equities analysts anticipate that Universal Forest Products, Inc. will post 1.87 EPS for the current fiscal year.

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Universal Forest Products 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.

Institutional Ownership by Quarter for Universal Forest Products (NASDAQ:UFPI)

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