The XVP UFP Eastern Div – North of Universal Forest (NASDAQ: UFPI) is Selling Shares

By Carrie Williams

Today, the XVP UFP Eastern Div – North of Universal Forest (NASDAQ: UFPI), Patrick Benton, sold shares of UFPI for $140.3K.

Following Patrick Benton’s last UFPI Sell transaction on February 26, 2016, the stock climbed by 24.3%. In addition to Patrick Benton, 2 other UFPI executives reported Sell trades in the last month.

Based on Universal Forest’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $827 million and quarterly net profit of $27.36 million. In comparison, last year the company earned revenue of $762 million and had a net profit of $25.22 million. The company has a one year high of $110.97 and a one year low of $59.66. UFPI’s market cap is $2.06B and the company has a P/E ratio of 20.77.

In the last 30 days, insiders have sold $140.3K worth of UFPI shares and purchased $249.4K worth of UFPI shares. The insider sentiment on Universal Forest has been negative according to 44 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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Universal Forest Products, Inc. is a holding company, which supplies wood, wood composite and other products to the retail, construction, and industrial markets. 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, and specialty wood packaging, components and packing materials for various industries. It operates through the following segments: North, South, West, Alternative Materials, International, Corporate, and All Other. The company Products was founded in 1955 and is headquartered in Grand Rapids, MI.