Universal Forest Products, Inc. (UFPI) Shares Bought by Wellington Management Group LLP

Wellington Management Group LLP raised its stake in shares of Universal Forest Products, Inc. (NASDAQ:UFPI) by 2.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,267 shares of the construction company’s stock after buying an additional 1,133 shares during the period. Wellington Management Group LLP’s holdings in Universal Forest Products were worth $4,855,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in UFPI. Principal Financial Group Inc. raised its position in Universal Forest Products by 27.2% in the first quarter. Principal Financial Group Inc. now owns 414,770 shares of the construction company’s stock valued at $40,871,000 after buying an additional 88,604 shares in the last quarter. Copper Rock Capital Partners LLC raised its position in Universal Forest Products by 1.7% in the first quarter. Copper Rock Capital Partners LLC now owns 266,173 shares of the construction company’s stock valued at $26,082,000 after buying an additional 4,496 shares in the last quarter. Norges Bank acquired a new position in Universal Forest Products during the fourth quarter valued at approximately $26,365,000. Pictet Asset Management Ltd. raised its position in Universal Forest Products by 26.4% in the first quarter. Pictet Asset Management Ltd. now owns 206,508 shares of the construction company’s stock valued at $20,349,000 after buying an additional 43,159 shares in the last quarter. Finally, Teachers Advisors LLC raised its position in Universal Forest Products by 12.9% in the fourth quarter. Teachers Advisors LLC now owns 199,109 shares of the construction company’s stock valued at $20,345,000 after buying an additional 22,706 shares in the last quarter. 81.43% of the stock is currently owned by institutional investors.

Shares of Universal Forest Products, Inc. (UFPI) opened at 86.50 on Monday. The firm’s 50-day moving average is $88.45 and its 200 day moving average is $96.66. The stock has a market cap of $1.77 billion, a PE ratio of 17.17 and a beta of 1.89. Universal Forest Products, Inc. has a 12 month low of $83.24 and a 12 month high of $110.97.

Universal Forest Products (NASDAQ:UFPI) last posted its quarterly earnings data on Tuesday, April 18th. The construction company reported $1.03 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.03. Universal Forest Products had a net margin of 3.03% and a return on equity of 12.03%. The business had revenue of $846.10 million for the quarter, compared to analysts’ expectations of $812.57 million. During the same quarter in the previous year, the business posted $0.95 earnings per share. The business’s revenue was up 24.0% compared to the same quarter last year. On average, equities analysts predict that Universal Forest Products, Inc. will post $5.87 EPS for the current year.

The company also recently disclosed a semiannual dividend, which was paid on Thursday, June 15th. Shareholders of record on Thursday, June 1st were given a dividend of $0.45 per share. This represents a yield of 0.94%. The ex-dividend date of this dividend was Tuesday, May 30th. Universal Forest Products’s dividend payout ratio (DPR) is 17.82%.

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Several equities research analysts have weighed in on UFPI shares. Zacks Investment Research cut shares of Universal Forest Products from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. ValuEngine cut shares of Universal Forest Products from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, BidaskClub raised shares of Universal Forest Products from a “sell” rating to a “hold” rating in a research report on Saturday, June 17th.

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.

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

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