Oregon Public Employees Retirement Fund Increases Stock Holdings in Universal Forest Products, Inc. (NASDAQ:UFPI)

Oregon Public Employees Retirement Fund raised its stake in Universal Forest Products, Inc. (NASDAQ:UFPI) by 1.7% during the 2nd quarter, HoldingsChannel reports. The firm owned 24,278 shares of the construction company’s stock after acquiring an additional 400 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Universal Forest Products were worth $924,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. Versant Capital Management Inc boosted its stake in shares of Universal Forest Products by 35.5% in the first quarter. Versant Capital Management Inc now owns 1,513 shares of the construction company’s stock valued at $45,000 after buying an additional 396 shares in the last quarter. Amundi Pioneer Asset Management Inc. purchased a new stake in shares of Universal Forest Products in the first quarter valued at approximately $140,000. Public Employees Retirement System of Ohio boosted its stake in shares of Universal Forest Products by 8.9% in the fourth quarter. Public Employees Retirement System of Ohio now owns 5,740 shares of the construction company’s stock valued at $149,000 after buying an additional 470 shares in the last quarter. First Citizens Bank & Trust Co. purchased a new stake in shares of Universal Forest Products in the first quarter valued at approximately $204,000. Finally, Magnus Financial Group LLC purchased a new stake in shares of Universal Forest Products in the first quarter valued at approximately $212,000. Institutional investors own 81.01% of the company’s stock.

In other news, insider Patrick M. Webster sold 2,809 shares of the business’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $36.22, for a total value of $101,741.98. Following the completion of the transaction, the insider now directly owns 232,968 shares of the company’s stock, valued at $8,438,100.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Matthew J. Missad sold 12,000 shares of the business’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $35.75, for a total value of $429,000.00. Following the completion of the transaction, the chief executive officer now directly owns 246,381 shares of the company’s stock, valued at $8,808,120.75. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 50,744 shares of company stock valued at $1,835,801. 3.77% of the stock is currently owned by insiders.

A number of analysts recently weighed in on the company. BidaskClub upgraded Universal Forest Products from a “sell” rating to a “hold” rating in a research note on Saturday, July 27th. ValuEngine cut Universal Forest Products from a “sell” rating to a “strong sell” rating in a report on Thursday, August 1st.

UFPI stock traded up $0.34 during midday trading on Thursday, hitting $39.83. 226 shares of the stock were exchanged, compared to its average volume of 328,759. The stock’s 50-day moving average is $37.76. The stock has a market capitalization of $2.39 billion, a PE ratio of 17.15, a price-to-earnings-growth ratio of 2.73 and a beta of 1.89. Universal Forest Products, Inc. has a fifty-two week low of $24.14 and a fifty-two week high of $42.00. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.50 and a current ratio of 2.89.

Universal Forest Products (NASDAQ:UFPI) last issued its quarterly earnings data on Wednesday, July 24th. The construction company reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.07. The firm had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.30 billion. Universal Forest Products had a return on equity of 14.42% and a net margin of 3.63%. Universal Forest Products’s revenue was down 4.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.71 earnings per share. Analysts predict that Universal Forest Products, Inc. will post 2.86 EPS for the current fiscal year.

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

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