Universal Forest Products traded at $84.98 this Wednesday July 15th, increasing $0.64 or 0.76 percent since the previous trading session. Looking back, over the last four weeks, Universal Forest Products gained 1.30 percent. Over the last 12 months, its price fell by 16.53 percent. Looking ahead, we forecast Universal Forest Products to be priced at 83.05 by the end of this quarter and at 77.95 in one year, according to Trading Economics global macro models projections and analysts expectations.
UFP Industries, Inc. is a holding company. The Company is engaged in manufacturing and marketing wood and wood-alternative products for national home centers; structural lumber and engineered components for the manufactured housing industry; specialty wood packaging, protective packaging, and components for various industries; and customized interior fixtures used in a variety of retail and commercial structures. The Company's segments include Retail, Industrial, and Construction. The Retail segment includes customers comprising of national home center retailers, retail-oriented regional lumberyards, and contractor-oriented lumberyards. The Industrial segment includes manufacturers and agricultural customers who use pallets, specialty crates, and wooden boxes used for shipping and material handling purposes. The Construction segment includes customers in four markets: factory-built housing, concrete forming, site-built residential construction, and commercial construction.