Universal Forest Stock Soars (UFPI)
NEW YORK (TheStreet) -- Shares of Universal Forest Products (Nasdaq:UFPI) have taken a tremendous swing upward. The stock is trading at $28.90 as of 10:42 a.m. ET, 20.1% above Wednesday's closing price of $24.07. Volume is at 382,348, 3.7 times the daily average of 103,200. Universal Forest has a market cap of $471.3 million and is part of the industrial goods sector and materials & construction industry. Shares are down 37.9% year to date as of the close of trading on Wednesday. Universal Forest Products, Inc. engineers, manufactures, treats, distributes, and installs lumber, composite wood, plastic, and other building products for the DIY/retail, site-built construction, manufactured housing, and industrial markets. The company has a P/E ratio of 37.1, below the average materials & construction industry P/E ratio of 37.7 and above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Universal Forest as a hold. Among the primary strengths of the company is its solid financial position based on a variety of debt and liquidity measures that we have evaluated. At the same time, however, we also find weaknesses including a generally disappointing performance in the stock itself, feeble growth in the company's earnings per share and deteriorating net income. You can view the full Universal Forest Ratings Report. See our top % gaining stocks list for other stocks that are soaring today, or get investment ideas from our investment research center. Interested in other stocks that are soaring? Get free SMS text alerts sent to you when the action happens by texting SOAR to 95370 or select from multiple alert options.
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