Amalgamated Bank lowered its stake in shares of Universal Forest Products, Inc. (NASDAQ:UFPI) by 0.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,635 shares of the construction company’s stock after selling 9 shares during the period. Amalgamated Bank’s holdings in Universal Forest Products were worth $260,000 as of its most recent filing with the SEC.
A number of other large investors have also recently made changes to their positions in the stock. BlackRock Inc. boosted its stake in Universal Forest Products by 24,097.2% in the first quarter. BlackRock Inc. now owns 3,185,077 shares of the construction company’s stock valued at $313,858,000 after buying an additional 3,171,914 shares in the last quarter. Vanguard Group Inc. boosted its stake in Universal Forest Products by 1.0% in the first quarter. Vanguard Group Inc. now owns 1,772,923 shares of the construction company’s stock valued at $174,704,000 after buying an additional 18,197 shares in the last quarter. Principal Financial Group Inc. boosted its stake 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 shares of 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 during the last quarter. Finally, Norges Bank acquired a new position in shares of Universal Forest Products during the fourth quarter valued at about $26,365,000. 79.75% of the stock is owned by institutional investors and hedge funds.
Shares of Universal Forest Products, Inc. (NASDAQ:UFPI) opened at 82.37 on Thursday. The company has a market capitalization of $1.69 billion, a price-to-earnings ratio of 16.34 and a beta of 1.88. Universal Forest Products, Inc. has a 1-year low of $81.94 and a 1-year high of $110.97. The firm’s 50-day moving average is $86.29 and its 200-day moving average is $93.24.
Universal Forest Products (NASDAQ:UFPI) last announced its quarterly earnings data on Tuesday, July 18th. The construction company reported $1.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.85 by $0.21. The company had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.04 billion. Universal Forest Products had a net margin of 2.86% and a return on equity of 11.73%. The business’s quarterly revenue was up 23.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.64 EPS. Analysts forecast that Universal Forest Products, Inc. will post $5.60 earnings per share for the current fiscal year.
TRADEMARK VIOLATION WARNING: This report was originally published by StockNewsTimes and is owned by of StockNewsTimes. If you are viewing this report on another website, it was illegally stolen and republished in violation of US and international trademark & copyright laws. The original version of this report can be accessed at https://stocknewstimes.com/2017/08/10/amalgamated-bank-reduces-position-in-universal-forest-products-inc-nasdaqufpi-updated-updated.html.
Several brokerages recently issued reports on UFPI. BidaskClub lowered shares of Universal Forest Products from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Sidoti began coverage on shares of Universal Forest Products in a research note on Tuesday, July 25th. They issued a “buy” rating for the company. Zacks Investment Research lowered shares of Universal Forest Products from a “buy” rating to a “hold” rating in a research note on Tuesday, June 20th. Finally, ValuEngine lowered shares of Universal Forest Products from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $105.50.
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.
Receive News & Ratings for Universal Forest Products Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Universal Forest Products Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
