Federated Investors Inc. PA boosted its stake in Universal Forest Products, Inc. (NASDAQ:UFPI) by 95.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,588 shares of the construction company’s stock after buying an additional 8,102 shares during the period. Federated Investors Inc. PA owned 0.08% of Universal Forest Products worth $1,448,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. BlackRock Inc. increased its position in Universal Forest Products by 24,097.2% in the first quarter. BlackRock Inc. now owns 3,185,077 shares of the construction company’s stock worth $313,858,000 after buying an additional 3,171,914 shares during the period. Vanguard Group Inc. increased its position in Universal Forest Products by 1.0% in the first quarter. Vanguard Group Inc. now owns 1,772,923 shares of the construction company’s stock worth $174,704,000 after buying an additional 18,197 shares during the period. Bank of New York Mellon Corp increased its position in Universal Forest Products by 17.6% in the second quarter. Bank of New York Mellon Corp now owns 434,215 shares of the construction company’s stock worth $37,911,000 after buying an additional 64,958 shares during the period. Principal Financial Group Inc. increased its position in Universal Forest Products by 27.2% in the first quarter. Principal Financial Group Inc. now owns 414,770 shares of the construction company’s stock worth $40,871,000 after buying an additional 88,604 shares during the period. Finally, Pictet Asset Management Ltd. increased its position in Universal Forest Products by 15.4% in the second quarter. Pictet Asset Management Ltd. now owns 238,368 shares of the construction company’s stock worth $20,960,000 after buying an additional 31,860 shares during the period. 80.58% of the stock is currently owned by hedge funds and other institutional investors.

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A number of research analysts have recently commented on the company. Zacks Investment Research lowered Universal Forest Products from a “buy” rating to a “hold” rating in a report on Friday, June 9th. ValuEngine lowered Universal Forest Products from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. BidaskClub lowered Universal Forest Products from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Finally, Sidoti assumed coverage on Universal Forest Products in a report on Tuesday, July 25th. They set a “buy” rating on the stock. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. Universal Forest Products currently has an average rating of “Hold” and an average target price of $105.50.

Universal Forest Products, Inc. (NASDAQ UFPI) opened at 89.18 on Thursday. The stock’s 50 day moving average price is $83.97 and its 200-day moving average price is $89.97. Universal Forest Products, Inc. has a one year low of $77.80 and a one year high of $108.79. The firm has a market capitalization of $1.82 billion, a price-to-earnings ratio of 17.69 and a beta of 1.84.

Universal Forest Products (NASDAQ:UFPI) last released its earnings results on Tuesday, July 18th. The construction company reported $1.64 earnings per share for the quarter, missing analysts’ consensus estimates of $1.85 by ($0.21). The firm had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.04 billion. Universal Forest Products had a return on equity of 11.73% and a net margin of 2.86%. The company’s revenue was up 23.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.64 EPS. On average, equities research analysts anticipate that Universal Forest Products, Inc. will post $5.60 earnings per share for the current fiscal year.

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.

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Institutional Ownership by Quarter for Universal Forest Products (NASDAQ:UFPI)

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