It is currently trading at $112.90 well above $99.87, the 50 day moving average and which is impressively higher than the 200 day moving average of $90.91. The 50 day moving average went up by +13.04% and the 200 day average went up by +24.19%. 173K shares changed hands on Tuesday. Trading volume was up 19.61% over the stocks average daily volume.
Traders are feeling more bearish on Universal Forest Products, Inc. recently if you watch the rise in short interest. The company experienced a rise in short interest of 1.75% as of the latest report on October 13, 2017. Short shares increased from 195,451 to 198,873 over that timeframe. Days to cover increased 1.0 to 2.0 and the percentage of shorted shares was 0.01% on October 13.
Here is a rundown on some insider market activity for Universal Forest Products, Inc. (NASDAQ:UFPI). Exec Vice Pres Manufacturing Robert D. Coleman let go of 5,000 shares at an average price of $110.15 on Thu the 26th. That brings Coleman’s holdings to $4,996,514 per an SEC filing yesterday. Michael R. Cole, CFO sold $55,000 worth of shares at an average price of $110.00 on Thu the 26th. The CFO now owns $3,056,790 of the stock as reported to the SEC.
These funds have shifted positions in (UFPI). Victory Capital Management Inc downsized its ownership by selling 9,057 shares a decrease of 5.4% from 06/30/2017 to 09/30/2017. Victory Capital Management Inc currently owns 159,822 shares valued at $15,688,000. The value of the position overall is up by 6.4%. Pictet Asset Management Ltd bolstered its investment by buying 13,209 shares an increase of 18.9%. Pictet Asset Management Ltd controls 82,925 shares with a value of $8,140,000. The total value of its holdings increased 32.8%.
Parkside Financial Bank & Trust augmented its holdings by buying 10 shares an increase of 333.3% in the quarter. Parkside Financial Bank & Trust owns 13 shares worth $1,000. The total value of its holdings increased inf%. Aperio Group, LLC grew its stake by buying 777 shares an increase of 11.9% as of 09/30/2017. Aperio Group, LLC claims 7,284 shares valued at $715,000. The value of the position overall is up by 25.9%.
On October 17, 2017 BMO Capital added the stock to its research portfolio by announcing an initial rating of “Market Perform”.
The company is up by 3.97% percent from yesterday’s close. The company recently declared a dividend for shareholders payable on Friday the 15th of December 2017. The dividend payment will be $0.240 per share for the quarter or $0.96 annualized. The dividend yield will be $0.87. The ex-dividend date is Tuesday May 30th, 2017.
The company currently has a P/E ratio of 21.15 and the market cap is 2.31B. In the latest earnings report the EPS was $5.34 and is estimated to be $5.56 for the current year with 20,420,000 shares presently outstanding. Next quarter’s EPS is estimated at $1.18 and the next full year EPS is projected to be $6.35.
Universal Forest Products, Inc., launched on February 9, 1955, 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. It designs, manufactures and markets wood and wood-alternative products for national home centers and other retailers, structural lumber and other products for the manufactured housing industry, engineered wood components for residential and commercial construction, specialty wood packaging, components and packing materials for various industries, and customized interior fixtures used in a range of retail stores, commercial and other structures..