GW&K Investment Management LLC lessened its stake in Universal Forest Products, Inc. (NASDAQ:UFPI) by 2.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 712,919 shares of the construction company’s stock after selling 15,004 shares during the period. GW&K Investment Management LLC owned 1.16% of Universal Forest Products worth $27,134,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Advisory Services Network LLC increased its stake in Universal Forest Products by 1,147.1% in the 2nd quarter. Advisory Services Network LLC now owns 1,060 shares of the construction company’s stock worth $40,000 after buying an additional 975 shares during the period. Strs Ohio purchased a new position in Universal Forest Products in the 2nd quarter worth about $60,000. Meeder Asset Management Inc. increased its stake in Universal Forest Products by 351.4% in the 2nd quarter. Meeder Asset Management Inc. now owns 3,548 shares of the construction company’s stock worth $135,000 after buying an additional 2,762 shares during the period. Amundi Pioneer Asset Management Inc. purchased a new position in Universal Forest Products in the 1st quarter worth about $140,000. Finally, Advisor Partners LLC purchased a new position in Universal Forest Products in the 2nd quarter worth about $219,000. 80.75% of the stock is currently owned by institutional investors.

Universal Forest Products stock traded down $1.67 during midday trading on Friday, hitting $38.02. 199,219 shares of the company’s stock were exchanged, compared to its average volume of 322,396. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.50 and a current ratio of 2.89. Universal Forest Products, Inc. has a 12 month low of $24.14 and a 12 month high of $42.00. The firm has a 50-day moving average of $38.67 and a two-hundred day moving average of $34.65. The company has a market cap of $2.44 billion, a PE ratio of 16.32, a P/E/G ratio of 2.78 and a beta of 1.89.

Universal Forest Products (NASDAQ:UFPI) last issued its earnings results on Wednesday, July 24th. The construction company reported $0.88 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.81 by $0.07. Universal Forest Products had a net margin of 3.63% and a return on equity of 14.42%. The company had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.30 billion. During the same period in the prior year, the business earned $0.71 EPS. The firm’s quarterly revenue was down 4.2% on a year-over-year basis. As a group, equities analysts expect that Universal Forest Products, Inc. will post 2.86 earnings per share for the current year.

In other Universal Forest Products news, VP Michael F. Mordell sold 9,354 shares of the stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $24.74, for a total transaction of $231,417.96. Following the transaction, the vice president now directly owns 5,405 shares in the company, valued at approximately $133,719.70. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Matthew J. Missad sold 12,000 shares of the stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $35.75, for a total transaction of $429,000.00. Following the transaction, the chief executive officer now owns 246,381 shares in the company, valued at $8,808,120.75. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 47,935 shares of company stock worth $1,734,059. 3.77% of the stock is owned by company insiders.

Several research firms recently commented on UFPI. ValuEngine downgraded shares of Universal Forest Products from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 1st. BidaskClub upgraded shares of Universal Forest Products from a “sell” rating to a “hold” rating in a report on Saturday, July 27th.

Universal Forest Products Company Profile

Universal Forest Products, Inc, through its subsidiaries, designs, manufactures, and markets wood and wood-alternative products in North America, Europe, Asia, and Australia. The company offers preserved and unpreserved dimensional lumber; outdoor living products, including wood and wood composite decking and related accessories, and decorative lawn and garden products; and engineered wood components, which include roof and floor trusses, wall panels, engineered floor systems, I-joists, and lumber packages.

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

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