Stifel Financial Corp Invests $4.56 Million in Universal Forest Products, Inc. (NASDAQ:UFPI)

Stifel Financial Corp acquired a new position in shares of Universal Forest Products, Inc. (NASDAQ:UFPI) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 115,185 shares of the construction company’s stock, valued at approximately $4,560,000.

Several other large investors also recently modified their holdings of UFPI. Quest Capital Management Inc. ADV acquired a new position in Universal Forest Products in the 3rd quarter worth $25,000. Capital Investment Advisory Services LLC acquired a new stake in shares of Universal Forest Products in the 3rd quarter valued at about $29,000. Point72 Asset Management L.P. acquired a new stake in shares of Universal Forest Products in the 2nd quarter valued at about $38,000. Advisory Services Network LLC raised its stake in shares of Universal Forest Products by 1,147.1% in the 2nd quarter. Advisory Services Network LLC now owns 1,060 shares of the construction company’s stock valued at $40,000 after purchasing an additional 975 shares during the period. Finally, Quantamental Technologies LLC bought a new stake in shares of Universal Forest Products in the second quarter valued at about $41,000. Institutional investors and hedge funds own 81.56% of the company’s stock.

A number of research analysts recently issued reports on UFPI shares. DA Davidson increased their price objective on Universal Forest Products to $55.00 and gave the stock a “buy” rating in a report on Friday, October 25th. BidaskClub upgraded Universal Forest Products from a “sell” rating to a “hold” rating in a research note on Wednesday, October 9th. Finally, BMO Capital Markets upped their price target on Universal Forest Products to $44.00 in a research report on Monday, October 28th. They noted that the move was a valuation call.

In other news, CEO Matthew J. Missad sold 6,000 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $50.20, for a total transaction of $301,200.00. Following the sale, the chief executive officer now owns 238,381 shares in the company, valued at approximately $11,966,726.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Patrick M. Benton sold 1,561 shares of the stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $50.03, for a total value of $78,096.83. Following the completion of the sale, the insider now directly owns 72,762 shares of the company’s stock, valued at approximately $3,640,282.86. The disclosure for this sale can be found here. Insiders sold a total of 46,861 shares of company stock valued at $2,294,903 in the last 90 days. 3.77% of the stock is owned by corporate insiders.

Shares of UFPI opened at $49.17 on Friday. The stock has a market capitalization of $3.00 billion, a price-to-earnings ratio of 21.10 and a beta of 1.87. Universal Forest Products, Inc. has a 12 month low of $24.14 and a 12 month high of $52.83. The firm has a fifty day simple moving average of $48.86 and a 200 day simple moving average of $40.71. The company has a current ratio of 2.83, a quick ratio of 1.59 and a debt-to-equity ratio of 0.18.

Universal Forest Products (NASDAQ:UFPI) last issued its quarterly earnings results on Wednesday, October 23rd. The construction company reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.08. Universal Forest Products had a net margin of 3.91% and a return on equity of 14.91%. The firm had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same period in the previous year, the business earned $0.66 EPS. The company’s revenue was down 4.0% compared to the same quarter last year. As a group, research analysts predict that Universal Forest Products, Inc. will post 2.91 earnings per share for the current fiscal year.

The business also recently disclosed a dividend, which will be paid on Sunday, December 15th. Stockholders of record on Sunday, December 1st will be issued a $0.20 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. Universal Forest Products’s payout ratio is 17.17%.

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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