A Director at Universal Forest (NASDAQ: UFPI) is Buying Shares

By Carrie Williams

Today, a Director at Universal Forest (NASDAQ: UFPI), Mary Tuuk, bought shares of UFPI for $339K.

Following this transaction Mary Tuuk’s holding in the company was increased by 58.28% to a total of $927.9K. This is Tuuk’s first transaction since reporting a Sell transaction on FITB back in June 2011

Based on Universal Forest’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $966 million and quarterly net profit of $30.52 million. In comparison, last year the company earned revenue of $860 million and had a net profit of $20.44 million. The company has a one-year high of $39.58 and a one-year low of $25.93. UFPI’s market cap is $2.07B and the company has a P/E ratio of 17.46.

The insider sentiment on Universal Forest has been positive according to 69 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

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Universal Forest Products, Inc. is a holding company, which through its subsidiaries, engages in the supply of wood, wood composite, and other products to the retail, construction, and industrial markets. It operates through the following segments: North, South, West, All Other, and Corporate.