Pillar Pacific Capital Management LLC reduced its position in Universal Forest Products, Inc. (NASDAQ:UFPI) by 3.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,970 shares of the construction company’s stock after selling 310 shares during the period. Pillar Pacific Capital Management LLC’s holdings in Universal Forest Products were worth $357,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. First Trust Advisors LP lifted its stake in Universal Forest Products by 81.1% during the 1st quarter. First Trust Advisors LP now owns 113,362 shares of the construction company’s stock valued at $3,388,000 after acquiring an additional 50,777 shares in the last quarter. Amundi Pioneer Asset Management Inc. bought a new position in Universal Forest Products during the 1st quarter valued at $140,000. Crossmark Global Holdings Inc. lifted its stake in Universal Forest Products by 4.0% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 13,520 shares of the construction company’s stock valued at $515,000 after acquiring an additional 520 shares in the last quarter. First Hawaiian Bank lifted its stake in Universal Forest Products by 2,428.3% during the 2nd quarter. First Hawaiian Bank now owns 9,102 shares of the construction company’s stock valued at $347,000 after acquiring an additional 8,742 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund lifted its stake in Universal Forest Products by 1.7% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 24,278 shares of the construction company’s stock valued at $924,000 after acquiring an additional 400 shares in the last quarter. Institutional investors own 80.41% of the company’s stock.

In related news, VP Donald L. James sold 6,000 shares of Universal Forest Products stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $51.31, for a total value of $307,860.00. Following the completion of the sale, the vice president now owns 21,917 shares of the company’s stock, valued at approximately $1,124,561.27. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Patrick M. Webster sold 8,253 shares of Universal Forest Products stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $49.74, for a total value of $410,504.22. Following the completion of the sale, the chief operating officer now directly owns 228,179 shares of the company’s stock, valued at approximately $11,349,623.46. The disclosure for this sale can be found here. Insiders have sold a total of 36,270 shares of company stock worth $1,763,652 over the last quarter. Company insiders own 3.77% of the company’s stock.

Several equities analysts have weighed in on the company. BMO Capital Markets raised their price objective on Universal Forest Products to $44.00 in a research note on Monday, October 28th. They noted that the move was a valuation call. BidaskClub upgraded Universal Forest Products from a “sell” rating to a “hold” rating in a research note on Wednesday, October 9th. ValuEngine cut Universal Forest Products from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 1st. Finally, DA Davidson lifted their target price on Universal Forest Products to $55.00 and gave the stock a “buy” rating in a research note on Friday, October 25th.

Shares of NASDAQ UFPI traded down $0.02 during mid-day trading on Friday, reaching $50.26. 6,120 shares of the company’s stock were exchanged, compared to its average volume of 449,779. The firm has a market capitalization of $3.21 billion, a price-to-earnings ratio of 21.55 and a beta of 1.88. Universal Forest Products, Inc. has a 52 week low of $24.14 and a 52 week high of $52.83. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.83 and a quick ratio of 1.59. The firm has a 50-day moving average price of $43.37 and a two-hundred day moving average price of $38.77.

Universal Forest Products (NASDAQ:UFPI) last released its earnings results on Wednesday, October 23rd. The construction company reported $0.84 EPS for the quarter, topping the Zacks’ consensus estimate of $0.76 by $0.08. The company had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.18 billion. Universal Forest Products had a return on equity of 14.91% and a net margin of 3.91%. The business’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.66 EPS. As a group, sell-side analysts forecast that Universal Forest Products, Inc. will post 2.91 EPS for the current fiscal year.

About Universal Forest Products

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.

Recommended Story: Day Trading – Risk Worth the Reward?

Institutional Ownership by Quarter for Universal Forest Products (NASDAQ:UFPI)

Receive News & Ratings for Universal Forest Products Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Universal Forest Products and related companies with MarketBeat.com's FREE daily email newsletter.