Claybrook Capital LLC purchased a new stake in shares of Universal Forest Products, Inc. (NASDAQ:UFPI) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 2,628 shares of the construction company’s stock, valued at approximately $68,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. First Trust Advisors LP increased its holdings in shares of Universal Forest Products by 32.2% in the 3rd quarter. First Trust Advisors LP now owns 76,488 shares of the construction company’s stock valued at $2,702,000 after acquiring an additional 18,632 shares during the last quarter. State Board of Administration of Florida Retirement System increased its holdings in shares of Universal Forest Products by 152.7% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 73,514 shares of the construction company’s stock valued at $2,597,000 after acquiring an additional 44,422 shares during the last quarter. Stone Ridge Asset Management LLC increased its holdings in shares of Universal Forest Products by 40.0% in the 3rd quarter. Stone Ridge Asset Management LLC now owns 21,013 shares of the construction company’s stock valued at $742,000 after acquiring an additional 6,000 shares during the last quarter. Rhumbline Advisers increased its holdings in shares of Universal Forest Products by 3.0% in the 3rd quarter. Rhumbline Advisers now owns 173,446 shares of the construction company’s stock valued at $6,128,000 after acquiring an additional 5,000 shares during the last quarter. Finally, Keybank National Association OH increased its holdings in shares of Universal Forest Products by 127.7% in the 3rd quarter. Keybank National Association OH now owns 30,286 shares of the construction company’s stock valued at $1,070,000 after acquiring an additional 16,988 shares during the last quarter. 79.72% of the stock is currently owned by institutional investors and hedge funds.

UFPI has been the subject of a number of analyst reports. Zacks Investment Research upgraded Universal Forest Products from a “sell” rating to a “hold” rating in a research report on Tuesday, December 18th. BidaskClub upgraded Universal Forest Products from a “sell” rating to a “hold” rating in a research report on Thursday, December 20th. Finally, ValuEngine upgraded Universal Forest Products from a “strong sell” rating to a “sell” rating in a research report on Thursday, February 28th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $42.00.

NASDAQ:UFPI opened at $30.67 on Friday. Universal Forest Products, Inc. has a 12-month low of $24.14 and a 12-month high of $39.41. The company has a market cap of $1.83 billion, a P/E ratio of 13.16, a P/E/G ratio of 2.19 and a beta of 1.77. The company has a quick ratio of 1.42, a current ratio of 3.21 and a debt-to-equity ratio of 0.19.

Universal Forest Products (NASDAQ:UFPI) last released its quarterly earnings data on Wednesday, February 20th. The construction company reported $0.52 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.52. Universal Forest Products had a return on equity of 13.58% and a net margin of 3.31%. The business had revenue of $988.20 million during the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the previous year, the firm posted $0.51 EPS. The business’s revenue for the quarter was up 2.3% compared to the same quarter last year. Equities analysts expect that Universal Forest Products, Inc. will post 2.74 EPS for the current fiscal year.

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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 composite decking, 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: SEC Filing

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

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