MHProNews has learned from dakotafinancialnews that the executive vice president of Universal Forest Products, Inc., (NASDAQ:UFPI) Robert D. Coleman, sold 2,500 shares of the company stock at an average price of $71.00 per share for a net value of $177,500. The transaction was dated Oct. 16, and Coleman now owns 1,150 shares.

UFPI also announced a semiannual dividend of $0.42 per share payable on Tue., Dec. 15 to shareholders of record as of Dec. 1, 2015. The previous semiannual dividend was $0.40.

In its earnings report for Q3, 2015, UFPI reported $1.26 earnings per share (EPS), beating the Zacks consensus estimate of $1.14 by $0.12. During the same quarter of 2014 EPS was $0.96. Revenue for the quarter was $762.30 million, below analysts’ expectations of $781.34, but an increase of 6.8 percent on a year-over-year basis.

The company’s market capitalization stands at $1.45 billion, and its P/E ratio is 20.30.

Meanwhile, Zacks has issued a “strong buy” position on UFPI, raising it from a “hold” position, and setting a price target on the stock at $82.00. DA Davidson, on the other hand, downgraded shares of UFPI from a “buy” rating to a “neutral” rating, and cut their price objective from $76.00 to $71.00.

As MHProNews knows, UFPI is a component supplier of wood and composite wood products to the manufactured housing industry. ##

(Image credit: Universal Forest Products, Inc.)

Article submitted by Matthew J. Silver to Daily Business News-MHProNews.