Posts Tagged ‘outperform’

NBC News Today Show report shows Manufactured Home did as well as Conventional On-site Construction in hurricane high winds test

July 23rd, 2014 Comments off

homes-vs-hurricane12-winds-test-credit=nbc-today-show-posted-mastheadblog-mhpronews-com-Regarding this previous portion of the test, IBHS indicated: “When one of these high wind-rated HUD-Code homes is installed on a permanent foundation, in most of the country, it would end up resisting wind storms better than surrounding site-built homes.”

So stated a MHI President and CEO, Richard “Dick” Jennison in a longer report to MHProNews. While part of the test was to show how superior a Wind Zone III home is to a standard HUD Code manufactured home in durability, Jennison said: the director of the IBHS (Julie Rochman, President) told the crowd how impressed she was at the performance of the Zone I home itself.”

MHProNews has been told that we will have additional information in the days ahead. More information on the specifics including stills and the video are found at this link, and a pre-broadcast report that provides more information and a related video is linked here. ##

(Image credit: NBC News Today Show)

UFPI’s Stock Rated Outperform

February 25th, 2014 Comments off

Stock research firm Zacks has upgraded the stock of Universal Forest Products, Inc. (NASDAQ:UFPI) from a neutral rating to an outperform rating based upon its earnings per share of +$0.40 in Q4 2013 versus a loss of -$0.10 per share in the comparable quarter of 2012, as reported Feb. 13, 2014. Zacks consensus estimate pegged UFPI’s earnings for the quarter at 0.18 per share. The firm currently has a price target of $66.00 on the stock; the company has a market cap of $1.098 billion and a P/E ratio of 24.80, according to The stock closed up +2.35% Mon., Feb. 24 at 54.57. UFPI supplies structural building products and other supplies to the manufactured housing industry.

(Photo credit: Universal Forest Products, Inc.)

Semiannual Dividend Declared by UFPI

November 29th, 2013 Comments off

MHProNews has learned from Universal Forest Products Inc. (UFPI) has declared a $0.21 per share semiannual dividend payable Sunday, Dec. 15th to shareholders of record Dec. 1, 2013. UFPI’s previous semiannual dividend was $0.20. On Oct. 23 analysts at Zacks upgraded shares of UFPI from “neutral” to “outperform” rating with a $59.00 price target on the stock. Meanwhile, on Oct. 17 DA Davidson analysts downgraded shares of UFPI from a “buy” rating to a “neutral” rating with a price target of $52.00. Universal is a component supplier of wood and wood-alternative products to the manufactured housing industry.

(Photo credit: Universal Forest Products, Inc.)

Drew Industries: Shopping for Acquisitions?

November 5th, 2013 Comments off

As MHProNews reported Nov. 1, Drew Industries, Inc. announced revenue and net income gains for Q3 2013 over last year’s numbers, and has spent $3 million to increase its internal steel stamping capacity in the first nine months of this year, according to Chief Financial Officer (CFO) Joseph S. Giordano says the company has $52 million in cash, no debt, unused lines of credit and is considering acquisitions. Through its subsidiaries, Lippert Components and Kinro, Drew supplies components to the manufactured housing and recreational vehicle industries through 31 facilities across the nation. Meanwhile, stated Nov. 4 Zacks downgraded shares of Drew from outperform to a neutral rating. In trading on Nov. 4 the stock gained +4.18% to close at 51.88.

(Photo credit: Wikipedia–manufactured housing chassis)

“Buy” Rating Initiated on UFPI Stock

October 24th, 2013 Comments off

Universal Forest Products, Inc. (NASDAQ:UFPI) has been upgraded from neutral to outperform, according to a Zacks analyst as published by Zacks says, “Universal Forest’s earnings more than doubled year over year to $0.71 per share in the third quarter 2013. Revenues grew 22% on the back of healthy performances at the five market segments. Going forward, management looks forward to improving its top-line growth by adding new customers and products to its portfolio. The recent hike of 5% in the annual dividend rate is consistent with the company’s policy of rewarding its shareholders. Also, expansion through development of industrial business, entry into markets without adding capacities and accretive acquisitions is being carried out. Addition of SE Panel assets in Nov 2013 will enable the company to gain easy access to concrete forming and construction industries of the southeastern region of the United States. Considering all these, we upgrade our recommendation on Universal Forest from Neutral to Outperform.” As MHProNews reported here Oct. 17, 2013 in its Q3 2013 financials, sales to the manufactured housing industry sector rose 12.3 percent over the same quarter last year to $100 million, accounting for 15 percent of gross revenues. The company is a component supplier to the manufactured housing industry. Wednesday, Oct. 23 shares of UFPI closed up +1.64% at 49.70.

(Image credit: Universal Forest Products, Inc.)