Other research analysts have also issued reports about the stock. Sidoti began coverage on shares of Universal Forest Products in a research note on Tuesday, January 7th. They set a neutral rating for the company. BMO Capital Markets lifted their price objective on shares of Universal Forest Products to $44.00 in a research note on Monday, October 28th. They noted that the move was a valuation call. Wedbush began coverage on shares of Universal Forest Products in a research note on Thursday, February 13th. They set a neutral rating and a $52.00 price objective for the company. Finally, DA Davidson lifted their price objective on shares of Universal Forest Products to $55.00 and gave the stock a buy rating in a research note on Friday, October 25th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of Hold and a consensus target price of $50.33.
UFPI stock opened at $52.48 on Friday. The firm has a fifty day moving average price of $49.68 and a 200 day moving average price of $45.80. Universal Forest Products has a fifty-two week low of $29.00 and a fifty-two week high of $58.10. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.71 and a current ratio of 3.09. The firm has a market cap of $3.48 billion, a PE ratio of 18.03 and a beta of 1.85.
Universal Forest Products (NASDAQ:UFPI) last posted its earnings results on Wednesday, February 19th. The construction company reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.02. Universal Forest Products had a net margin of 4.07% and a return on equity of 14.94%. The firm had revenue of $998.04 million during the quarter, compared to analyst estimates of $1.14 billion. During the same period last year, the firm posted $0.50 earnings per share. Universal Forest Products’s revenue for the quarter was up 1.0% compared to the same quarter last year. On average, equities analysts predict that Universal Forest Products will post 3.21 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Sunday, March 15th. Shareholders of record on Sunday, March 1st will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 0.95%. This is a positive change from Universal Forest Products’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Thursday, February 27th. Universal Forest Products’s payout ratio is presently 13.75%.
In other Universal Forest Products news, VP Donald L. James sold 7,500 shares of Universal Forest Products stock in a transaction on Friday, February 21st. The shares were sold at an average price of $57.05, for a total transaction of $427,875.00. Following the completion of the transaction, the vice president now directly owns 9,517 shares of the company’s stock, valued at $542,944.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 3.77% of the stock is owned by insiders.
Large investors have recently added to or reduced their stakes in the company. Quest Capital Management Inc. ADV bought a new stake in shares of Universal Forest Products during the third quarter worth $25,000. Point72 Asset Management L.P. bought a new stake in shares of Universal Forest Products during the fourth quarter worth $43,000. Aigen Investment Management LP bought a new stake in shares of Universal Forest Products during the fourth quarter worth $46,000. Point72 Hong Kong Ltd bought a new stake in shares of Universal Forest Products during the fourth quarter worth $51,000. Finally, Emerald Advisers LLC bought a new stake in shares of Universal Forest Products during the fourth quarter worth $55,000. Institutional investors and hedge funds own 79.96% of the company’s stock.
Universal Forest Products Company Profile
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.
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