Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Universal Forest Products (UFPI) Share Price
Headlines about Universal Forest Products (NASDAQ:UFPI) have trended somewhat positive this week, according to Accern. The research group rates the sentiment of media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Universal Forest Products earned a coverage optimism score of 0.10 on Accern’s scale. Accern also assigned media stories about the construction company an impact score of 45.9328303428465 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
UFPI has been the subject of several analyst reports. Zacks Investment Research cut shares of Universal Forest Products from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 19th. BidaskClub lowered shares of Universal Forest Products from a “buy” rating to a “hold” rating in a report on Tuesday, December 12th. Finally, BMO Capital Markets assumed coverage on shares of Universal Forest Products in a report on Tuesday, October 17th. They set a “market perform” rating and a $36.67 price target on the stock. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $39.17.
Shares of Universal Forest Products (UFPI) opened at $38.14 on Wednesday. The stock has a market cap of $2,339.30, a P/E ratio of 21.47, a P/E/G ratio of 1.75 and a beta of 1.84. The company has a current ratio of 2.62, a quick ratio of 1.40 and a debt-to-equity ratio of 0.15. Universal Forest Products has a 1-year low of $25.93 and a 1-year high of $39.58.
Universal Forest Products (NASDAQ:UFPI) last announced its quarterly earnings results on Tuesday, October 17th. The construction company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.03. The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $984.99 million. Universal Forest Products had a net margin of 2.85% and a return on equity of 12.05%. The firm’s revenue was up 27.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.45 EPS. research analysts anticipate that Universal Forest Products will post 1.87 earnings per share for the current fiscal year.
The business also recently declared a semiannual dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Thursday, November 30th. This is a positive change from Universal Forest Products’s previous semiannual dividend of $0.15. This represents a dividend yield of 0.31%. Universal Forest Products’s payout ratio is 19.14%.
In other Universal Forest Products news, VP Charles Scott Greene sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $39.05, for a total transaction of $117,150.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Matthew J. Missad sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $37.19, for a total transaction of $743,800.00. Following the sale, the chief executive officer now directly owns 201,732 shares in the company, valued at $7,502,413.08. The disclosure for this sale can be found here. Insiders have sold a total of 38,899 shares of company stock worth $2,159,694 over the last ninety days. 3.40% of the stock is currently owned by insiders.
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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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