Algert Global LLC grew its stake in Universal Forest Products, Inc. (NASDAQ:UFPI) by 7.0% during the 4th quarter, HoldingsChannel reports. The fund owned 156,074 shares of the construction company’s stock after acquiring an additional 10,245 shares during the period. Universal Forest Products comprises about 1.1% of Algert Global LLC’s portfolio, making the stock its 5th biggest position. Algert Global LLC’s holdings in Universal Forest Products were worth $4,052,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of the company. State Board of Administration of Florida Retirement System lifted its position in Universal Forest Products by 8.6% during the fourth quarter. State Board of Administration of Florida Retirement System now owns 79,854 shares of the construction company’s stock worth $2,073,000 after buying an additional 6,340 shares during the period. SG Americas Securities LLC raised its holdings in shares of Universal Forest Products by 16.2% in the 4th quarter. SG Americas Securities LLC now owns 14,951 shares of the construction company’s stock worth $388,000 after purchasing an additional 2,085 shares during the period. Rhumbline Advisers raised its holdings in shares of Universal Forest Products by 17.6% in the 4th quarter. Rhumbline Advisers now owns 203,901 shares of the construction company’s stock worth $5,293,000 after purchasing an additional 30,455 shares during the period. Crossmark Global Holdings Inc. raised its holdings in shares of Universal Forest Products by 39.5% in the 4th quarter. Crossmark Global Holdings Inc. now owns 13,100 shares of the construction company’s stock worth $340,000 after purchasing an additional 3,710 shares during the period. Finally, Bridge City Capital LLC raised its holdings in shares of Universal Forest Products by 12.2% in the 4th quarter. Bridge City Capital LLC now owns 64,380 shares of the construction company’s stock worth $1,671,000 after purchasing an additional 7,020 shares during the period. Institutional investors and hedge funds own 80.90% of the company’s stock.
UFPI stock opened at $30.75 on Wednesday. The company has a quick ratio of 1.50, a current ratio of 2.92 and a debt-to-equity ratio of 0.17. Universal Forest Products, Inc. has a 1 year low of $24.14 and a 1 year high of $39.41. The stock has a market capitalization of $1.91 billion, a PE ratio of 16.71, a P/E/G ratio of 2.25 and a beta of 1.78.
In related news, Director Michael G. Wooldridge bought 2,500 shares of the stock in a transaction dated Wednesday, December 12th. The stock was acquired at an average price of $26.80 per share, for a total transaction of $67,000.00. Following the completion of the purchase, the director now owns 7,924 shares in the company, valued at $212,363.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.40% of the stock is currently owned by company insiders.
UFPI has been the topic of a number of research reports. BidaskClub upgraded Universal Forest Products from a “sell” rating to a “hold” rating in a report on Tuesday, October 9th. ValuEngine lowered Universal Forest Products from a “sell” rating to a “strong sell” rating in a research note on Thursday, October 18th. Finally, Zacks Investment Research upgraded Universal Forest Products from a “sell” rating to a “hold” rating in a research note on Tuesday, December 18th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. Universal Forest Products presently has an average rating of “Hold” and an average target price of $41.33.
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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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