Matthew J. Missad Sells 12,000 Shares of Universal Forest Products, Inc. (NASDAQ:UFPI) Stock

Universal Forest Products, Inc. (NASDAQ:UFPI) CEO Matthew J. Missad sold 12,000 shares of the company’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $35.75, for a total value of $429,000.00. Following the completion of the sale, the chief executive officer now directly owns 246,381 shares in the company, valued at approximately $8,808,120.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

UFPI opened at $35.77 on Tuesday. The company has a current ratio of 3.44, a quick ratio of 1.63 and a debt-to-equity ratio of 0.28. The firm has a market cap of $2.19 billion, a P/E ratio of 15.35, a P/E/G ratio of 2.56 and a beta of 1.86. Universal Forest Products, Inc. has a 52 week low of $24.14 and a 52 week high of $39.41.

Universal Forest Products (NASDAQ:UFPI) last posted its quarterly earnings data on Wednesday, April 24th. The construction company reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.08. The business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.01 billion. Universal Forest Products had a return on equity of 13.90% and a net margin of 3.35%. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.53 earnings per share. Equities analysts predict that Universal Forest Products, Inc. will post 2.79 earnings per share for the current fiscal year.



The business also recently disclosed a semiannual dividend, which will be paid on Saturday, June 15th. Investors of record on Saturday, June 1st will be paid a dividend of $0.20 per share. The ex-dividend date is Thursday, May 30th. This represents a dividend yield of 1.02%. This is a positive change from Universal Forest Products’s previous semiannual dividend of $0.18. Universal Forest Products’s dividend payout ratio (DPR) is presently 17.17%.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of Montreal Can boosted its stake in Universal Forest Products by 16.9% in the 4th quarter. Bank of Montreal Can now owns 3,009 shares of the construction company’s stock worth $78,000 after buying an additional 435 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Universal Forest Products by 18.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,790 shares of the construction company’s stock worth $124,000 after buying an additional 759 shares during the last quarter. Arizona State Retirement System boosted its stake in Universal Forest Products by 6.2% in the 4th quarter. Arizona State Retirement System now owns 94,950 shares of the construction company’s stock worth $2,465,000 after buying an additional 5,545 shares during the last quarter. Oppenheimer Asset Management Inc. acquired a new stake in Universal Forest Products in the 4th quarter worth about $43,000. Finally, Crossmark Global Holdings Inc. boosted its stake in Universal Forest Products by 39.5% in the 4th quarter. Crossmark Global Holdings Inc. now owns 13,100 shares of the construction company’s stock worth $340,000 after buying an additional 3,710 shares during the last quarter. 79.87% of the stock is currently owned by institutional investors and hedge funds.

UFPI has been the topic of several research reports. BidaskClub lowered Universal Forest Products from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 27th. ValuEngine raised Universal Forest Products from a “strong sell” rating to a “sell” rating in a research note on Thursday, February 28th. Finally, Zacks Investment Research lowered Universal Forest Products from a “hold” rating to a “sell” rating in a research note on Tuesday, February 26th.

COPYRIGHT VIOLATION WARNING: “Matthew J. Missad Sells 12,000 Shares of Universal Forest Products, Inc. (NASDAQ:UFPI) Stock” was reported by Dakota Financial News and is the property of of Dakota Financial News. If you are accessing this news story on another publication, it was illegally copied and reposted in violation of international trademark & copyright laws. The original version of this news story can be read at https://dakotafinancialnews.com/2019/06/11/matthew-j-missad-sells-12000-shares-of-universal-forest-products-inc-nasdaqufpi-stock.html.

About Universal Forest Products

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.

Read More: What is the downside to momentum investing?

Insider Buying and Selling by Quarter for Universal Forest Products (NASDAQ:UFPI)

Receive News & Ratings for Universal Forest Products Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Universal Forest Products and related companies with MarketBeat.com's FREE daily email newsletter.