Media stories about Universal Forest Products (NASDAQ:UFPI) have trended somewhat positive this week, according to Accern Sentiment. Accern identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Universal Forest Products earned a news impact score of 0.11 on Accern’s scale. Accern also assigned press coverage about the construction company an impact score of 45.5877620505669 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Several research firms have weighed in on UFPI. Zacks Investment Research cut Universal Forest Products from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 19th. BidaskClub cut Universal Forest Products from a “buy” rating to a “hold” rating in a report on Tuesday, December 12th. Finally, BMO Capital Markets started coverage on Universal Forest Products in a report on Tuesday, October 17th. They set a “market perform” rating and a $36.67 price objective on the stock. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Universal Forest Products has a consensus rating of “Hold” and a consensus price target of $39.17.
Shares of Universal Forest Products (NASDAQ:UFPI) traded down $0.05 during midday trading on Wednesday, hitting $38.00. The company had a trading volume of 326,459 shares, compared to its average volume of 361,713. The stock has a market cap of $2,330.00, a PE ratio of 21.35, a price-to-earnings-growth ratio of 2.04 and a beta of 1.85. The company has a current ratio of 2.62, a quick ratio of 1.40 and a debt-to-equity ratio of 0.15. Universal Forest Products has a 52 week low of $25.93 and a 52 week high of $39.58.
The business also recently declared a semiannual dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 1st were paid a $0.17 dividend. This is a boost from Universal Forest Products’s previous semiannual dividend of $0.15. This represents a yield of 0.31%. The ex-dividend date of this dividend was Thursday, November 30th. Universal Forest Products’s payout ratio is 19.10%.
In related news, CFO Michael R. Cole sold 500 shares of Universal Forest Products stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $110.00, for a total transaction of $55,000.00. Following the sale, the chief financial officer now directly owns 27,789 shares in the company, valued at $3,056,790. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Matthew J. Missad sold 20,000 shares of Universal Forest Products stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $37.19, for a total value of $743,800.00. Following the sale, the chief executive officer now owns 201,732 shares in the company, valued at $7,502,413.08. The disclosure for this sale can be found here. Over the last quarter, insiders sold 38,899 shares of company stock worth $2,159,694. Corporate insiders own 3.40% of the company’s stock.
About Universal Forest Products
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.
What are top analysts saying about Universal Forest Products? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Universal Forest Products and related companies.