DekaBank Deutsche Girozentrale raised its holdings in Universal Forest Products (NASDAQ:UFPI) by 202.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,420 shares of the construction company’s stock after purchasing an additional 2,289 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Universal Forest Products were worth $109,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Universal Forest Products by 370.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,942 shares of the construction company’s stock worth $111,000 after acquiring an additional 2,316 shares during the period. Rhumbline Advisers raised its position in shares of Universal Forest Products by 1.6% in the first quarter. Rhumbline Advisers now owns 165,069 shares of the construction company’s stock worth $5,356,000 after acquiring an additional 2,527 shares during the period. Parametrica Management Ltd raised its position in shares of Universal Forest Products by 68.8% in the fourth quarter. Parametrica Management Ltd now owns 6,751 shares of the construction company’s stock worth $254,000 after acquiring an additional 2,751 shares during the period. Jefferies Group LLC raised its position in shares of Universal Forest Products by 45.6% in the fourth quarter. Jefferies Group LLC now owns 10,049 shares of the construction company’s stock worth $378,000 after acquiring an additional 3,148 shares during the period. Finally, Virtus Fund Advisers LLC raised its position in shares of Universal Forest Products by 96.6% in the fourth quarter. Virtus Fund Advisers LLC now owns 8,020 shares of the construction company’s stock worth $302,000 after acquiring an additional 3,940 shares during the period. 77.77% of the stock is currently owned by institutional investors.
Get Universal Forest Products alerts:In related news, insider Jonathan E. West sold 2,650 shares of the company’s stock in a transaction dated Wednesday, April 25th. The shares were sold at an average price of $32.64, for a total transaction of $86,496.00. Following the completion of the transaction, the insider now owns 40,571 shares in the company, valued at approximately $1,324,237.44. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Allen T. Peters sold 1,500 shares of the company’s stock in a transaction dated Thursday, March 22nd. The stock was sold at an average price of $33.50, for a total transaction of $50,250.00. Following the transaction, the insider now owns 91,830 shares of the company’s stock, valued at approximately $3,076,305. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,440 shares of company stock valued at $717,865. Insiders own 3.40% of the company’s stock.
Shares of Universal Forest Products stock opened at $36.27 on Friday. The stock has a market capitalization of $2.18 billion, a price-to-earnings ratio of 19.71, a PEG ratio of 2.84 and a beta of 1.84. Universal Forest Products has a fifty-two week low of $25.93 and a fifty-two week high of $39.58. The company has a debt-to-equity ratio of 0.26, a current ratio of 3.33 and a quick ratio of 1.67.
Universal Forest Products (NASDAQ:UFPI) last released its quarterly earnings results on Wednesday, April 18th. The construction company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.03. Universal Forest Products had a net margin of 3.21% and a return on equity of 12.44%. The firm had revenue of $993.90 million during the quarter, compared to the consensus estimate of $914.75 million. During the same quarter in the prior year, the firm earned $1.03 EPS. The company’s revenue for the quarter was up 17.5% on a year-over-year basis. sell-side analysts predict that Universal Forest Products will post 2.49 earnings per share for the current year.
The business also recently declared a semiannual dividend, which will be paid on Friday, June 15th. Investors of record on Friday, June 1st will be given a dividend of $0.18 per share. This represents a dividend yield of 1.08%. The ex-dividend date is Thursday, May 31st. This is an increase from Universal Forest Products’s previous semiannual dividend of $0.17. Universal Forest Products’s dividend payout ratio is 18.48%.
UFPI has been the subject of a number of analyst reports. Zacks Investment Research upgraded shares of Universal Forest Products from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a research report on Wednesday, February 28th. BMO Capital Markets reiterated a “hold” rating and issued a $37.00 price objective on shares of Universal Forest Products in a research report on Monday, April 2nd. ValuEngine downgraded shares of Universal Forest Products from a “hold” rating to a “sell” rating in a research report on Monday, April 2nd. Finally, BidaskClub upgraded shares of Universal Forest Products from a “sell” rating to a “hold” rating in a research report on Tuesday, April 10th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $38.50.
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.
Want to see what other hedge funds are holding UFPI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Universal Forest Products (NASDAQ:UFPI).
No comments:
Post a Comment