Universal Forest Products, Inc. (NASDAQ:UFPI) Shares Bought by Hancock Whitney Corp

Hancock Whitney Corp boosted its holdings in shares of Universal Forest Products, Inc. (NASDAQ:UFPI) by 2.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,323 shares of the construction company’s stock after buying an additional 488 shares during the quarter. Hancock Whitney Corp’s holdings in Universal Forest Products were worth $554,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Comerica Bank lifted its stake in shares of Universal Forest Products by 0.7% in the 4th quarter. Comerica Bank now owns 60,298 shares of the construction company’s stock worth $1,757,000 after acquiring an additional 415 shares during the period. Bank of Montreal Can lifted its stake in shares of Universal Forest Products by 16.9% in the fourth quarter. Bank of Montreal Can now owns 3,009 shares of the construction company’s stock valued at $78,000 after purchasing an additional 435 shares during the period. Piedmont Investment Advisors Inc. lifted its stake in shares of Universal Forest Products by 3.3% in the fourth quarter. Piedmont Investment Advisors Inc. now owns 14,642 shares of the construction company’s stock valued at $380,000 after purchasing an additional 472 shares during the period. Legal & General Group Plc lifted its stake in shares of Universal Forest Products by 0.4% in the fourth quarter. Legal & General Group Plc now owns 145,302 shares of the construction company’s stock valued at $3,761,000 after purchasing an additional 514 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Universal Forest Products by 18.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,790 shares of the construction company’s stock valued at $124,000 after purchasing an additional 759 shares during the period. 82.23% of the stock is currently owned by institutional investors.

In other Universal Forest Products news, insider Allen T. Peters sold 8,131 shares of Universal Forest Products stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $30.25, for a total transaction of $245,962.75. Following the transaction, the insider now directly owns 116,763 shares of the company’s stock, valued at $3,532,080.75. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 3.77% of the company’s stock.

Shares of NASDAQ UFPI traded up $0.11 during midday trading on Friday, reaching $31.44. 169,668 shares of the stock were exchanged, compared to its average volume of 194,259. The company has a market cap of $1.91 billion, a PE ratio of 13.49, a price-to-earnings-growth ratio of 2.29 and a beta of 1.76. Universal Forest Products, Inc. has a 52-week low of $24.14 and a 52-week high of $39.41. The company has a debt-to-equity ratio of 0.19, a current ratio of 3.21 and a quick ratio of 1.42.

Universal Forest Products (NASDAQ:UFPI) last released its earnings results on Wednesday, February 20th. The construction company reported $0.52 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.52. Universal Forest Products had a net margin of 3.31% and a return on equity of 13.58%. The firm had revenue of $988.20 million during the quarter, compared to the consensus estimate of $1.02 billion. During the same period in the previous year, the firm earned $0.51 earnings per share. Universal Forest Products’s revenue was up 2.3% compared to the same quarter last year. On average, analysts anticipate that Universal Forest Products, Inc. will post 2.74 EPS for the current year.

Several analysts recently commented on the stock. ValuEngine upgraded shares of Universal Forest Products from a “strong sell” rating to a “sell” rating in a research note on Thursday, February 28th. BidaskClub upgraded shares of Universal Forest Products from a “hold” rating to a “buy” rating in a report on Saturday, January 5th. Finally, Zacks Investment Research downgraded shares of Universal Forest Products from a “hold” rating to a “sell” rating in a report on Tuesday, February 26th.

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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 and wood composite decking and related accessories, 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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Institutional Ownership by Quarter for Universal Forest Products (NASDAQ:UFPI)

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