Universal Forest Products Inc. (UFPI) Reaches New 52-Week High at $110.50
Universal Forest Products Inc. (NASDAQ:UFPI)’s share price reached a new 52-week high during trading on Friday . The company traded as high as $110.50 and last traded at $109.02, with a volume of 31,236 shares. The stock had previously closed at $108.82.
UFPI has been the subject of a number of research reports. Zacks Investment Research raised shares of Universal Forest Products from a “hold” rating to a “strong-buy” rating and set a $121.00 price target for the company in a research note on Tuesday, July 26th. DA Davidson raised shares of Universal Forest Products from an “underperform” rating to a “neutral” rating in a research note on Friday, July 22nd.
The company has a market capitalization of $2.19 billion and a price-to-earnings ratio of 22.52. The company has a 50-day moving average price of $105.17 and a 200-day moving average price of $87.65.
Universal Forest Products (NASDAQ:UFPI) last issued its quarterly earnings data on Wednesday, July 20th. The company reported $1.64 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.48 by $0.16. The business earned $872.10 million during the quarter, compared to the consensus estimate of $903.33 million. Universal Forest Products’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter last year, the company earned $1.28 EPS. Equities analysts expect that Universal Forest Products Inc. will post $4.85 earnings per share for the current year.
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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