Universal Forest Products Inc. (NASDAQ:UFPI)’s share price fell 2.1% during mid-day trading on Friday . The stock traded as low as $98.82 and last traded at $98.89, with a volume of 99,021 shares changing hands. The stock had previously closed at $100.96.

Several research firms have recently issued reports on UFPI. Zacks Investment Research upgraded shares of Universal Forest Products from a “hold” rating to a “strong-buy” rating and set a $99.00 price objective on the stock in a report on Monday, April 25th. Sidoti began coverage on Universal Forest Products in a research report on Thursday, April 14th. They issued a “neutral” rating on the stock. Finally, DA Davidson lowered Universal Forest Products from a “neutral” rating to an “underperform” rating and set a $75.00 target price on the stock. in a research report on Friday, April 8th.

The company’s 50 day moving average price is $90.37 and its 200 day moving average price is $79.40. The stock has a market cap of $2.03 billion and a PE ratio of 22.54.

Universal Forest Products (NASDAQ:UFPI) last announced its earnings results on Wednesday, April 20th. The company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.12. The firm had revenue of $682.20 million for the quarter, compared to analysts’ expectations of $678.85 million. The business’s revenue was up 7.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.51 earnings per share. Equities research analysts expect that Universal Forest Products Inc. will post $4.61 EPS for the current year.

Several institutional investors recently made changes to their positions in UFPI. Russell Frank Co boosted its position in shares of Universal Forest Products by 189.1% in the fourth quarter. Russell Frank Co now owns 93,615 shares of the company’s stock valued at $6,404,000 after buying an additional 61,239 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of Universal Forest Products by 27.6% in the fourth quarter. Principal Financial Group Inc. now owns 368,542 shares of the company’s stock valued at $25,197,000 after buying an additional 79,738 shares during the last quarter. Wells Fargo & Company MN boosted its position in shares of Universal Forest Products by 50.4% in the fourth quarter. Wells Fargo & Company MN now owns 19,515 shares of the company’s stock valued at $1,335,000 after buying an additional 6,543 shares during the last quarter. SECOR Capital Advisors LP bought a new position in shares of Universal Forest Products during the fourth quarter valued at about $1,090,000. Finally, California State Teachers Retirement System boosted its position in shares of Universal Forest Products by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 37,319 shares of the company’s stock valued at $2,552,000 after buying an additional 600 shares during the last quarter.

Universal Forest Products, Inc is a holding company. The Company, through its subsidiaries, supplies wood, wood composite and other products to three primary markets: retail, construction and industrial. Its industrial market serves as industrial manufacturers and other customers for packaging, material handling and other applications.

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