Patrick M. Webster Sells 2,809 Shares of Universal Forest Products, Inc. (UFPI) Stock

Universal Forest Products, Inc. (NASDAQ:UFPI) insider Patrick M. Webster sold 2,809 shares of the firm’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $36.22, for a total value of $101,741.98. Following the sale, the insider now owns 232,968 shares of the company’s stock, valued at $8,438,100.96. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Shares of NASDAQ UFPI opened at $36.27 on Wednesday. Universal Forest Products, Inc. has a one year low of $24.14 and a one year high of $39.41. The stock has a market cap of $2.22 billion, a price-to-earnings ratio of 15.57, a price-to-earnings-growth ratio of 2.60 and a beta of 1.84. The company has a debt-to-equity ratio of 0.28, a current ratio of 3.44 and a quick ratio of 1.63.

Universal Forest Products (NASDAQ:UFPI) last announced its quarterly earnings data on Wednesday, April 24th. The construction company reported $0.58 EPS for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.08. Universal Forest Products had a return on equity of 13.90% and a net margin of 3.35%. The firm had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same period last year, the company posted $0.53 EPS. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. Equities analysts expect that Universal Forest Products, Inc. will post 2.79 EPS for the current year.

The company also recently declared a semiannual dividend, which will be paid on Saturday, June 15th. Stockholders of record on Saturday, June 1st will be paid a dividend of $0.20 per share. The ex-dividend date is Thursday, May 30th. This is an increase from Universal Forest Products’s previous semiannual dividend of $0.18. This represents a dividend yield of 1.02%. Universal Forest Products’s dividend payout ratio (DPR) is 15.45%.

Several institutional investors and hedge funds have recently bought and sold shares of UFPI. Bank of New York Mellon Corp raised its stake in shares of Universal Forest Products by 3.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 809,992 shares of the construction company’s stock worth $28,617,000 after purchasing an additional 27,256 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of Universal Forest Products by 61.3% during the 3rd quarter. Renaissance Technologies LLC now owns 83,909 shares of the construction company’s stock worth $2,965,000 after purchasing an additional 31,900 shares in the last quarter. Teachers Advisors LLC raised its stake in shares of Universal Forest Products by 0.9% during the 3rd quarter. Teachers Advisors LLC now owns 212,352 shares of the construction company’s stock worth $7,502,000 after purchasing an additional 1,793 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Universal Forest Products by 2.0% during the 3rd quarter. Vanguard Group Inc. now owns 5,944,007 shares of the construction company’s stock worth $210,001,000 after purchasing an additional 113,713 shares in the last quarter. Finally, Bank of Montreal Can raised its stake in shares of Universal Forest Products by 16.9% during the 4th quarter. Bank of Montreal Can now owns 3,009 shares of the construction company’s stock worth $78,000 after purchasing an additional 435 shares in the last quarter. 81.29% of the stock is owned by institutional investors.

UFPI has been the subject of a number of research reports. BidaskClub lowered Universal Forest Products from a “buy” rating to a “hold” rating in a research report on Wednesday, March 6th. ValuEngine upgraded Universal Forest Products from a “strong sell” rating to a “sell” rating in a research report on Thursday, February 28th. Finally, Zacks Investment Research lowered Universal Forest Products from a “hold” rating to a “sell” rating in a research report on Tuesday, February 26th.

WARNING: “Patrick M. Webster Sells 2,809 Shares of Universal Forest Products, Inc. (UFPI) Stock” was originally posted by WKRB News and is the sole property of of WKRB News. If you are viewing this news story on another site, it was illegally copied and republished in violation of U.S. and international copyright & trademark legislation. The original version of this news story can be accessed at https://www.wkrb13.com/2019/05/15/patrick-m-webster-sells-2809-shares-of-universal-forest-products-inc-ufpi-stock.html.

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 and wood composite decking and related accessories, 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.

Featured Story: Certificate of Deposit (CD)

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

Receive News & Ratings for Universal Forest Products Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Universal Forest Products and related companies with MarketBeat.com's FREE daily email newsletter.