UFPI will likely gain this year from its retail building material unit, increases in home improvement spending and additions of product to its line. The housing and construction sector will gain from the expansion of distribution capacities in the manufactured housing market, increasing housing starts and growing demand in commercial construction and concrete forming business.
In 2015, UFPI anticipates $190 million in sales from new product sales, with the expectation that number will grow to $250 million by 2017.
Zacks has issued a strong buy–Rank #1–on UFPI stock.
As MHProNews knows, UFPI manufactures, treats, distributes and installs lumber, composite wood, plastic and additional building products to the manufactured housing industry. ##
(Photo credit: woodworkingnetwork–Universal Forest Products, Inc. wood composite product)
