MHProNews.com has learned from digitaljournal.com that Zacks Investment Research has downgraded Universal Forest Products Inc.’s (UFPI) stock from neutral to underperform based on its revenue for Q2 2014 of $784.2 million, lagging the Zacks Consensus Estimate of $863 million. While earnings per share of $1.13 were 43 percent greater than last year Q2, they were well below Zack’s estimate of $1.32. Cost of sales increased 2.7 percent, while administrative expenses rose 11.1 percent. UFPI supplies the manufactured housing industry with lumber and wood products. ##

(Photo credit: Universal Forest Products, Inc.)