Key Points
- SVP Christopher Litterio sold 1,829 shares at an average price of $227.20 on Nov. 6, receiving $415,548.80 and reducing his stake by 14.53% to 10,756 shares (≈$2.44M).
- UFP reported quarterly EPS of $1.37 on $96.97M in revenue; the stock has a market cap of $1.83B, a PE of 27.5, and a 52-week range of $178.26–$349.77 (recent price ~ $237).
- Analysts have a consensus rating of Hold with an average price target of $289 (Lake Street raised its target to $289), and institutional investors now own about 87.28% of the shares after several large inflows.
UFP Technologies, Inc. (NASDAQ:UFPT - Get Free Report) SVP Christopher Litterio sold 1,829 shares of the business's stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $227.20, for a total transaction of $415,548.80. Following the completion of the sale, the senior vice president owned 10,756 shares of the company's stock, valued at approximately $2,443,763.20. This represents a 14.53% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.
UFP Technologies Price Performance
NASDAQ UFPT opened at $237.29 on Thursday. The company has a market cap of $1.83 billion, a PE ratio of 27.50 and a beta of 1.16. The firm's 50 day moving average price is $202.96 and its 200-day moving average price is $221.27. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.53 and a current ratio of 2.77. UFP Technologies, Inc. has a 52-week low of $178.26 and a 52-week high of $349.77.
UFP Technologies (NASDAQ:UFPT - Get Free Report) last posted its earnings results on Thursday, November 9th. The industrial products company reported $1.37 earnings per share for the quarter. The company had revenue of $96.97 million during the quarter. UFP Technologies had a return on equity of 21.54% and a net margin of 11.40%.
Analyst Upgrades and Downgrades
A number of equities research analysts recently weighed in on UFPT shares. Lake Street Capital raised their price objective on UFP Technologies from $252.00 to $289.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. Weiss Ratings reissued a "hold (c)" rating on shares of UFP Technologies in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $289.00.
Get Our Latest Stock Analysis on UFP Technologies
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in UFPT. American Century Companies Inc. lifted its stake in shares of UFP Technologies by 1,858.2% during the first quarter. American Century Companies Inc. now owns 287,588 shares of the industrial products company's stock worth $58,010,000 after buying an additional 272,902 shares during the period. Allspring Global Investments Holdings LLC raised its stake in UFP Technologies by 469.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 103,663 shares of the industrial products company's stock worth $20,687,000 after acquiring an additional 85,457 shares during the last quarter. Ashford Capital Management Inc. acquired a new stake in UFP Technologies during the 2nd quarter worth about $17,284,000. Swedbank AB lifted its position in UFP Technologies by 68.8% during the 1st quarter. Swedbank AB now owns 135,000 shares of the industrial products company's stock worth $27,231,000 after acquiring an additional 55,000 shares during the period. Finally, Envestnet Asset Management Inc. grew its stake in UFP Technologies by 261.3% during the 1st quarter. Envestnet Asset Management Inc. now owns 75,194 shares of the industrial products company's stock valued at $15,167,000 after purchasing an additional 54,382 shares during the last quarter. Hedge funds and other institutional investors own 87.28% of the company's stock.
About UFP Technologies
(
Get Free Report)
UFP Technologies, Inc designs and manufactures solutions for medical devices, sterile packaging, and other highly engineered custom products. The company offers protective drapes for robotic surgery, single patient use surfaces, advanced wound care, infection prevention, disposables for surgical and endoscopic procedures, packaging for medical devices, orthopedic implants, biopharma drug manufacturing, and coils for catheters; and molded components for applications in acoustic insulation, interior trim, load floors, sunshades, SUV cargo cover handles, driveshaft damping, engine and manifold covers, quarter panels, and wheel liners.
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