Universal Forest Products Inc. (NASDAQ:UFPI) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $108.39 and last traded at $107.83, with a volume of 103,849 shares changing hands. The stock had previously closed at $105.51.

A number of research analysts have commented on the company. Sidoti assumed coverage on Universal Forest Products in a report on Thursday, April 14th. They issued a “neutral” rating on the stock. DA Davidson raised Universal Forest Products from an “underperform” rating to a “neutral” rating in a report on Friday, July 22nd. Finally, Zacks Investment Research raised Universal Forest Products from a “hold” rating to a “strong-buy” rating and set a $121.00 price objective on the stock in a report on Tuesday.

The company has a market cap of $2.20 billion and a P/E ratio of 22.5810. The stock has a 50 day moving average of $94.51 and a 200-day moving average of $81.53.

Universal Forest Products (NASDAQ:UFPI) last posted its earnings results on Wednesday, July 20th. The company reported $1.64 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.48 by $0.16. During the same quarter in the prior year, the business earned $1.28 EPS. The company earned $872.10 million during the quarter, compared to the consensus estimate of $903.33 million. The firm’s revenue for the quarter was up 4.0% compared to the same quarter last year. On average, equities research analysts anticipate that Universal Forest Products Inc. will post $4.85 earnings per share for the current year.

Several hedge funds and institutional investors recently bought and sold shares of UFPI. Nationwide Fund Advisors raised its position in Universal Forest Products by 1.0% in the fourth quarter. Nationwide Fund Advisors now owns 15,848 shares of the company’s stock worth $1,084,000 after buying an additional 155 shares in the last quarter. New York State Common Retirement Fund raised its stake in shares of Universal Forest Products by 6.5% in the fourth quarter. New York State Common Retirement Fund now owns 19,600 shares of the company’s stock worth $1,340,000 after buying an additional 1,200 shares during the period. Systematic Financial Management LP acquired a new stake in shares of Universal Forest Products during the fourth quarter worth approximately $1,682,000. California Public Employees Retirement System raised its stake in shares of Universal Forest Products by 42.4% in the fourth quarter. California Public Employees Retirement System now owns 32,600 shares of the company’s stock worth $2,229,000 after buying an additional 9,700 shares during the period. Finally, California State Teachers Retirement System raised its stake 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 worth $2,552,000 after buying an additional 600 shares during the period.

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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