Teachers Retirement System of The State of Kentucky Maintains Position in Universal Forest Products, Inc. (NASDAQ:UFPI)

Teachers Retirement System of The State of Kentucky held its stake in shares of Universal Forest Products, Inc. (NASDAQ:UFPI) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,500 shares of the construction company’s stock at the end of the first quarter. Teachers Retirement System of The State of Kentucky’s holdings in Universal Forest Products were worth $739,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. BlackRock Inc. increased its stake in shares of 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. Norges Bank purchased a new stake in shares of Universal Forest Products during the fourth quarter valued at $26,365,000. FMR LLC increased its stake in shares of Universal Forest Products by 132.6% in the fourth quarter. FMR LLC now owns 175,174 shares of the construction company’s stock valued at $17,899,000 after buying an additional 99,850 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of 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. Finally, Bank of America Corp DE increased its stake in shares of Universal Forest Products by 45.3% in the first quarter. Bank of America Corp DE now owns 207,854 shares of the construction company’s stock valued at $20,482,000 after buying an additional 64,783 shares in the last quarter. Hedge funds and other institutional investors own 79.75% of the company’s stock.

Universal Forest Products, Inc. (NASDAQ:UFPI) opened at 81.14 on Friday. Universal Forest Products, Inc. has a 52-week low of $80.72 and a 52-week high of $110.97. The stock has a 50 day moving average of $85.92 and a 200 day moving average of $93.01. The stock has a market capitalization of $1.66 billion, a P/E ratio of 16.10 and a beta of 1.88.

Universal Forest Products (NASDAQ:UFPI) last posted its earnings results on Tuesday, July 18th. The construction company reported $1.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.85 by $0.21. Universal Forest Products had a return on equity of 11.73% and a net margin of 2.86%. The business had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same period in the previous year, the company posted $1.64 earnings per share. Universal Forest Products’s revenue for the quarter was up 23.0% compared to the same quarter last year. On average, equities research analysts forecast that Universal Forest Products, Inc. will post $5.60 EPS for the current year.

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A number of analysts have commented on UFPI shares. BidaskClub upgraded shares of Universal Forest Products from a “sell” rating to a “hold” rating in a research report on Saturday, June 17th. Zacks Investment Research raised shares of Universal Forest Products from a “hold” rating to a “buy” rating and set a $101.00 price objective on the stock in a research note on Monday, June 5th. ValuEngine raised shares of Universal Forest Products from a “hold” rating to a “buy” rating in a research note on Thursday, May 11th. Finally, Sidoti assumed coverage on shares of Universal Forest Products in a research report on Tuesday, July 25th. They issued a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. Universal Forest Products presently has a consensus 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.

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

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