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Universal Forest Products Inc.

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In the last three months, shares of Universal Forest Products have outperformed the industry. We believe that strengthening demand in the U.S. construction market, addition of customers, new product launches and synergistic benefits from acquired assets will bode well for the company in the long run. It posted record results in third-quarter 2017, with positive earnings and sales surprises of 14.7% and 6%, respectively. Also, the company recently announced a three-for-one stock split, to be made effective by issuing two additional common shares for each common share held by the shareholders. Also, a 13.3% increase in semi-annual dividend rate was declared.

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