Universal Forest Products (NASDAQ:UFPI) issued its quarterly earnings data on Wednesday. The construction company reported $0.45 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.03, Fidelity Earnings reports. Universal Forest Products had a return on equity of 12.10% and a net margin of 3.03%. The company had revenue of $993.90 million for the quarter, compared to the consensus estimate of $914.75 million. During the same quarter last year, the business posted $1.03 earnings per share. The firm’s revenue was up 17.5% compared to the same quarter last year.
UFPI opened at $34.00 on Thursday. The firm has a market capitalization of $2,067.45, a P/E ratio of 18.48, a PEG ratio of 2.87 and a beta of 1.83. The company has a current ratio of 2.85, a quick ratio of 1.33 and a debt-to-equity ratio of 0.15. Universal Forest Products has a 52 week low of $25.93 and a 52 week high of $39.58.
UFPI has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded Universal Forest Products from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a research report on Wednesday, February 28th. ValuEngine downgraded Universal Forest Products from a “hold” rating to a “sell” rating in a research report on Monday, April 2nd. BidaskClub upgraded Universal Forest Products from a “sell” rating to a “hold” rating in a research report on Tuesday, April 10th. Finally, BMO Capital Markets reissued a “hold” rating and issued a $37.00 target price on shares of Universal Forest Products in a research note on Monday, April 2nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $38.50.
In other news, Director Mary E. Tuuk bought 10,000 shares of Universal Forest Products stock in a transaction that occurred on Tuesday, March 13th. The shares were acquired at an average price of $33.90 per share, with a total value of $339,000.00. Following the completion of the purchase, the director now directly owns 8,277 shares in the company, valued at $280,590.30. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Allen T. Peters sold 4,500 shares of the stock in a transaction on Tuesday, March 13th. The shares were sold at an average price of $33.62, for a total value of $151,290.00. Following the completion of the transaction, the insider now directly owns 97,830 shares in the company, valued at approximately $3,289,044.60. The disclosure for this sale can be found here. In the last three months, insiders sold 18,790 shares of company stock worth $631,369. 3.40% of the stock is owned by insiders.
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About Universal Forest Products
Universal Forest Products, Inc, through its subsidiaries, designs, manufactures, and markets wood and wood-alternative products in North America, Europe, Asia, and Australia. The company offers preserved and unpreserved dimensional lumber; outdoor living products, including wood composite decking, and decorative lawn and garden products; and engineered wood components, which include roof and floor trusses, wall panels, engineered floor systems, I-joists, and lumber packages.
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