NEW YORK ( TheStreet) -- Universal Forest Products (Nasdaq: UFPI) is trading at unusually high volume Thursday with 740,521 shares changing hands. It is currently at 5.3 times its average daily volume and trading up 59 cents (+2.1%) at $28.05 as of 1:16 p.m. ET. Universal Forest has a market cap of $525.3 million and is part of the industrial goods sector and materials & construction industry. Shares are down 29.4% year to date as of the close of trading on Wednesday. Universal Forest Products, Inc., through its subsidiaries, 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 83.9, equal to the average materials & construction industry P/E ratio and above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Universal Forest as a hold. The company's strengths can be seen in multiple areas, such as its increase in net income and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, disappointing return on equity and weak operating cash flow. You can view the full Universal Forest Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center. Interested in other stocks that are rising on unusually high volume? Get free SMS text alerts sent to you when the action happens by texting HVUP to 95370 or select from multiple alert options.