Somewhat Positive Press Coverage Somewhat Unlikely to Impact Universal Forest Products (UFPI) Stock Price

News articles about Universal Forest Products (NASDAQ:UFPI) have been trending somewhat positive on Friday, according to Accern Sentiment Analysis. The research firm rates the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Universal Forest Products earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned media headlines about the construction company an impact score of 47.3635916967732 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

Here are some of the media headlines that may have impacted Accern Sentiment’s analysis:

How to Become a New Pot Stock Millionaire

Several research firms recently issued reports on UFPI. BidaskClub cut shares of Universal Forest Products from a “buy” rating to a “hold” rating in a report on Tuesday, December 12th. Zacks Investment Research raised shares of Universal Forest Products from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a report on Wednesday, February 28th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. Universal Forest Products presently has a consensus rating of “Hold” and an average price target of $38.33.

NASDAQ:UFPI traded up $0.49 during trading on Friday, hitting $32.45. The company had a trading volume of 187,900 shares, compared to its average volume of 306,984. The stock has a market capitalization of $1,986.05, a PE ratio of 17.57, a P/E/G ratio of 2.76 and a beta of 1.80. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.85 and a quick ratio of 1.33. 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 posted its quarterly earnings results on Thursday, February 22nd. The construction company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.03). Universal Forest Products had a net margin of 3.03% and a return on equity of 12.10%. The company had revenue of $966.09 million during the quarter, compared to analyst estimates of $970.05 million. During the same period in the prior year, the company earned $0.34 earnings per share. The company’s revenue was up 12.4% on a year-over-year basis. equities research analysts forecast that Universal Forest Products will post 2.35 earnings per share for the current fiscal year.

In other Universal Forest Products news, Director Mary E. Tuuk bought 10,000 shares of the stock in a transaction on Tuesday, March 13th. The stock was purchased at an average price of $33.90 per share, for a total transaction of $339,000.00. Following the completion of the purchase, the director now directly owns 8,277 shares in the company, valued at $280,590.30. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Allen T. Peters sold 1,500 shares of the business’s stock in a transaction on Thursday, March 22nd. The shares were sold at an average price of $33.50, for a total transaction of $50,250.00. Following the sale, the insider now owns 91,830 shares of the company’s stock, valued at approximately $3,076,305. The disclosure for this sale can be found here. In the last quarter, insiders have sold 18,790 shares of company stock valued at $631,369. 3.40% of the stock is owned by insiders.

ILLEGAL ACTIVITY WARNING: “Somewhat Positive Press Coverage Somewhat Unlikely to Impact Universal Forest Products (UFPI) Stock Price” was reported by BBNS and is the property of of BBNS. If you are reading this story on another website, it was illegally copied and reposted in violation of international trademark and copyright laws. The correct version of this story can be viewed at https://baseballnewssource.com/2018/03/30/somewhat-favorable-news-coverage-somewhat-unlikely-to-affect-universal-forest-products-ufpi-stock-price/1978030.html.

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 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.

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.

 


Latest News

Almora Jr. and Baez Could Become Cubs new One-Two Tandem
Almora Jr. and Baez Could Become Cubs new One-Two Tandem
Red Sox Tie Record for Best Start After 17 Games
Red Sox Tie Record for Best Start After 17 Games
Bryce Harper Hits 406-Foot Home Run While Breaking His Bat
Bryce Harper Hits 406-Foot Home Run While Breaking His Bat
Rick Porcello’s Strong Start Gives Boost to Red Sox
Rick Porcello’s Strong Start Gives Boost to Red Sox
Two Bench Clearing Incidents Revive Red Sox-Yankees Rivalry
Two Bench Clearing Incidents Revive Red Sox-Yankees Rivalry
Xander Bogaerts Goes on Red Sox DL
Xander Bogaerts Goes on Red Sox DL


Leave a Reply

 
© 2006-2018 BBNS.