Universal Forest Reaches New 52-Week High (UFPI)

NEW YORK ( TheStreet) -- Universal Forest Products (Nasdaq: UFPI) hit a new 52-week high Friday as it is currently trading at $37.78, above its previous 52-week high of $37.60 with 17,671 shares traded as of 10:49 a.m. ET. Average volume has been 111,900 shares over the past 30 days.

Universal Forest has a market cap of $719.4 million and is part of the industrial goods sector and materials & construction industry. Shares are up 20.6% year to date as of the close of trading on Thursday.

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 57.9, 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 buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, increase in net income and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Universal Forest Ratings Report.

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