Chairman of the Board of Universal Forest Products Inc. (UFPI) William G Currie sells 10,000 shares of UFPI on 03/03/2011 at an average price of $36.26 a share.

Universal Forest Products Inc. has a market cap of $699.3 million; its shares were traded at around $36.25 with a P/E ratio of 47.1 and P/S ratio of 0.4. The dividend yield of Universal Forest Products Inc. stocks is 1.1%.

Hedge Fund Gurus that owns UFPI: Jim Simons of Renaissance Technologies LLC.


This is the insider trade history vs. stock price of UFPI. For the complete insider trading history of UFPI, click here.

Directors and Officers Recent Trades:

• Sell: President, UFP Eastern Div. Charles Scott Greene sold 160 shares of UFPI stock on 02/16/2011 at the average price of 35.38. Charles Scott Greene owns at least 49,800 shares after this. The price of the stock has increased by 2.46% since.
• Sell: President and COO Patrick M Webster sold 160 shares of UFPI stock on 02/16/2011 at the average price of 35.38. Patrick M Webster owns at least 28,458 shares after this. The price of the stock has increased by 2.46% since.
• Sell: President, UFP Western Div. Allen T Peters sold 128 shares of UFPI stock on 02/16/2011 at the average price of 35.38. Allen T Peters owns at least 6,336 shares after this. The price of the stock has increased by 2.46% since.
• Sell: Executive VP of Purchasing Michael F Mordell sold 133 shares of UFPI stock on 02/16/2011 at the average price of 35.38. Michael F Mordell owns at least 8,459 shares after this. The price of the stock has increased by 2.46% since.
• Sell: President, UFP Northern Div. Robert W Lees sold 160 shares of UFPI stock on 02/16/2011 at the average price of 35.38. Robert W Lees owns at least 173,057 shares after this. The price of the stock has increased by 2.46% since.

For the complete insider trading history of UFPI, click here.

Why CEOs Are Buying Stocks Of Their Own Companies?

1. As legendary investor Peter Lynch said: "Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise."
2. TOP EXECUTIVES like CEOs and CFOs are savvy buyers of their companies' shares. One long-term study showed that they beat the market on average by six percentage points a year.
3. Another study found that the aggregated activities of insiders can serve as a good indicator to locate market bottoms. Insiders as a whole are smart investors of their own companies.

Click it to Check Out What the CEO Are Trading

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