Here's Why You Should Buy Universal Forest (UFPI) Stock Now

 | Apr 16, 2018 02:56AM ET

We believe that Universal Forest Products, Inc. (NASDAQ:UFPI) is a solid choice for investors, seeking exposure in the building products space. Strengthening product portfolio, rising demand for repair and remodeling activities, healthy housing starts and synergistic benefits from acquired assets will be advantageous for the company.

The stock, with approximately $2 billion market capitalization, has been upgraded to a Zacks Rank #1 (Strong Buy) on Apr 14. Its investment appeal is further accentuated by a

Universal Forest Products, Inc. Quote

Universal Forest is scheduled to report first-quarter 2018 results on Apr 18, after the market closes. The Zacks Consensus Estimate for the quarter is pegged at 42 cents, reflecting year-over-year growth of 23.5%.

Other Stocks to Consider

Some other top-ranked stocks worth considering in the industry are Boise Cascade Co. (NYSE:BCC) , Louisiana-Pacific Corp. (NYSE:LPX) and Trex Company, Inc. (NYSE:TREX) . While both Boise Cascade and Louisiana-Pacific sport a Zacks Rank #1, Trex Company carries a Zacks Rank #2 (Buy). You can see Zacks Investment Research

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Written By: Zacks Investment Research

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