Nisa Investment Advisors LLC grew its stake in Universal Forest Products, Inc. (NASDAQ:UFPI) by 200.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 49,140 shares of the construction company’s stock after purchasing an additional 32,760 shares during the period. Nisa Investment Advisors LLC owned about 0.08% of Universal Forest Products worth $1,849,000 at the end of the most recent quarter.
Several other hedge funds have also made changes to their positions in UFPI. Allianz Asset Management GmbH raised its stake in shares of Universal Forest Products by 166.3% during the 3rd quarter. Allianz Asset Management GmbH now owns 468,674 shares of the construction company’s stock worth $46,005,000 after buying an additional 292,650 shares during the period. BlackRock Inc. raised its stake in shares of Universal Forest Products by 2.6% during the 2nd quarter. BlackRock Inc. now owns 3,268,039 shares of the construction company’s stock worth $285,334,000 after buying an additional 82,962 shares during the period. Pictet Asset Management Ltd. raised its stake in shares of Universal Forest Products by 34.8% during the 3rd quarter. Pictet Asset Management Ltd. now owns 321,317 shares of the construction company’s stock worth $31,541,000 after buying an additional 82,949 shares during the period. Voya Investment Management LLC raised its stake in Universal Forest Products by 30.7% in the 2nd quarter. Voya Investment Management LLC now owns 229,351 shares of the construction company’s stock valued at $20,025,000 after purchasing an additional 53,870 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in Universal Forest Products by 2.8% in the 2nd quarter. Vanguard Group Inc. now owns 1,821,981 shares of the construction company’s stock valued at $159,077,000 after purchasing an additional 49,058 shares during the last quarter. 30.64% of the stock is owned by institutional investors and hedge funds.
Shares of Universal Forest Products, Inc. (NASDAQ UFPI) traded up $0.10 on Monday, hitting $35.00. The company’s stock had a trading volume of 202,665 shares, compared to its average volume of 308,957. The firm has a market cap of $2,134.98, a P/E ratio of 19.64, a PEG ratio of 1.59 and a beta of 1.75. 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, Inc. has a twelve month low of $25.93 and a twelve month high of $39.58.
Several research analysts recently commented on the company. BMO Capital Markets assumed coverage on Universal Forest Products in a research note on Tuesday, October 17th. They issued a “market perform” rating and a $36.67 price objective for the company. BidaskClub downgraded Universal Forest Products from a “buy” rating to a “hold” rating in a research note on Tuesday, December 12th. Finally, Zacks Investment Research raised Universal Forest Products from a “hold” rating to a “strong-buy” rating and set a $41.67 target price for the company in a research note on Monday, October 23rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $39.17.
In related 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 Securities & Exchange Commission, which is available through 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 shares were 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 of the company’s stock, valued at $7,502,413.08. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 29,299 shares of company stock valued at $1,097,163. Company insiders own 3.40% of the company’s stock.
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.
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