Universal Forest Products (NASDAQ:UFPI) Receives News Sentiment Score of 0.10

Media headlines about Universal Forest Products (NASDAQ:UFPI) have trended somewhat positive on Wednesday, according to Accern. Accern ranks the sentiment of news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Universal Forest Products earned a news impact score of 0.10 on Accern’s scale. Accern also gave media stories about the construction company an impact score of 45.9328303428465 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

Shares of Universal Forest Products (UFPI) opened at $37.45 on Wednesday. Universal Forest Products has a 12 month low of $25.93 and a 12 month high of $39.58. The firm has a market capitalization of $2,352.76, a price-to-earnings ratio of 21.08, a PEG ratio of 1.76 and a beta of 1.84. The company has a quick ratio of 1.40, a current ratio of 2.62 and a debt-to-equity ratio of 0.15.

Universal Forest Products (NASDAQ:UFPI) last announced its quarterly earnings data on Tuesday, October 17th. The construction company reported $0.55 EPS for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.03. The firm had revenue of $1.06 billion during the quarter, compared to analyst estimates of $984.99 million. Universal Forest Products had a return on equity of 12.05% and a net margin of 2.85%. The company’s revenue was up 27.8% on a year-over-year basis. During the same period last year, the company earned $0.45 earnings per share. sell-side analysts predict that Universal Forest Products will post 1.87 EPS for the current year.

UFPI has been the subject of several research reports. Zacks Investment Research cut Universal Forest Products from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 19th. BidaskClub lowered Universal Forest Products from a “buy” rating to a “hold” rating in a research note on Tuesday, December 12th. Finally, BMO Capital Markets assumed coverage on Universal Forest Products in a research note on Tuesday, October 17th. They set a “market perform” rating and a $36.67 price objective for the company. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Universal Forest Products presently has an average rating of “Hold” and an average price target of $39.17.

In other Universal Forest Products news, VP Charles Scott Greene sold 3,299 shares of the firm’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $37.00, for a total transaction of $122,063.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Matthew J. Missad sold 20,000 shares of the firm’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $37.19, for a total value of $743,800.00. Following the transaction, the chief executive officer now owns 201,732 shares in the company, valued at approximately $7,502,413.08. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 38,899 shares of company stock worth $2,159,694. Company insiders own 3.40% of the company’s stock.

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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.

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

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