Press coverage about Universal Forest Products (NASDAQ:UFPI) has trended somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Universal Forest Products earned a daily sentiment score of 0.17 on Accern’s scale. Accern also gave news stories about the construction company an impact score of 47.0324600870213 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the news stories that may have impacted Accern Sentiment Analysis’s scoring:
- Universal Forest Products (UFPI) Declares Semiannual Dividend of $0.18 (americanbankingnews.com)
- Universal Forest Products’ (UFPI) CEO Matt Missad on Q1 2018 Results – Earnings Call Transcript (seekingalpha.com)
- UFPI Board Approves Increased Semiannual Dividend (finance.yahoo.com)
- Universal Forest (UFPI) Tops Q1 Earnings, Unit Sales Solid (zacks.com)
- Universal Forest Products, Inc. to Host Earnings Call (finance.yahoo.com)
Several equities analysts have recently weighed in on the stock. BidaskClub lowered shares of Universal Forest Products from a “hold” rating to a “sell” rating in a report on Friday, January 19th. Zacks Investment Research upgraded shares of Universal Forest Products from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a report on Wednesday, February 28th. BMO Capital Markets reiterated a “hold” rating and set a $37.00 price objective on shares of Universal Forest Products in a report on Monday, April 2nd. Finally, ValuEngine lowered shares of Universal Forest Products from a “hold” rating to a “sell” rating in a report on Monday, April 2nd. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. Universal Forest Products currently has an average rating of “Hold” and an average price target of $38.50.
Shares of NASDAQ UFPI opened at $33.25 on Friday. Universal Forest Products has a 1-year low of $25.93 and a 1-year high of $39.58. The stock has a market cap of $1,992.17, a PE ratio of 18.07, a P/E/G ratio of 2.77 and a beta of 1.83. The company has a current ratio of 3.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.26.
Universal Forest Products (NASDAQ:UFPI) last announced its quarterly earnings data on Wednesday, April 18th. The construction company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.03. Universal Forest Products had a net margin of 3.21% and a return on equity of 12.44%. The firm had revenue of $993.90 million for the quarter, compared to analyst estimates of $914.75 million. During the same quarter in the prior year, the business earned $1.03 earnings per share. The business’s quarterly revenue was up 17.5% compared to the same quarter last year. equities analysts anticipate that Universal Forest Products will post 2.35 EPS for the current year.
The firm also recently announced a semiannual dividend, which will be paid on Friday, June 15th. Investors of record on Friday, June 1st will be issued a $0.18 dividend. This represents a dividend yield of 1.08%. The ex-dividend date of this dividend is Thursday, May 31st. This is a positive change from Universal Forest Products’s previous semiannual dividend of $0.17. Universal Forest Products’s dividend payout ratio is currently 18.48%.
In other Universal Forest Products news, Director Mary E. Tuuk bought 10,000 shares of the stock in a transaction that occurred on Tuesday, March 13th. The shares were bought at an average price of $33.90 per share, for a total transaction of $339,000.00. Following the acquisition, the director now directly owns 8,277 shares of the company’s stock, valued at approximately $280,590.30. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Allen T. Peters sold 1,500 shares of the company’s stock in a transaction dated Thursday, March 22nd. The stock was sold at an average price of $33.50, for a total transaction of $50,250.00. Following the completion of the sale, the insider now owns 91,830 shares in the company, valued at approximately $3,076,305. The disclosure for this sale can be found here. Insiders sold a total of 18,790 shares of company stock worth $631,369 in the last 90 days. 3.40% of the stock is currently owned by company insiders.
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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.
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