Key Points
- UFP VP Jason Holt sold 100 shares on Dec. 10 at an average price of $213.58 for $21,358, leaving him with 7,678 shares (a 1.29% reduction); the transaction was disclosed in an SEC Form 4 filing.
- UFPT shares traded up 2.1% to $219.44 on higher-than-average volume; the company has a $1.69B market cap, a P/E of 25.4, and last quarter reported EPS of $1.37 on $96.97M revenue with a 20.45% ROE and 11.23% net margin.
- Institutional ownership is high at 87.28%, and analysts are mixed — consensus rating is "Hold" with an average price target of $289, though at least one firm recently downgraded the stock to "Sell."
UFP Technologies, Inc. (NASDAQ:UFPT - Get Free Report) VP Jason Holt sold 100 shares of the stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $213.58, for a total transaction of $21,358.00. Following the sale, the vice president owned 7,678 shares of the company's stock, valued at approximately $1,639,867.24. This trade represents a 1.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
UFP Technologies Trading Up 2.1%
UFPT stock traded up $4.57 during midday trading on Friday, hitting $219.44. The stock had a trading volume of 155,730 shares, compared to its average volume of 121,362. The company has a current ratio of 2.41, a quick ratio of 1.36 and a debt-to-equity ratio of 0.37. The firm has a market cap of $1.69 billion, a P/E ratio of 25.43 and a beta of 1.10. The business has a fifty day moving average price of $212.09 and a two-hundred day moving average price of $220.12. UFP Technologies, Inc. has a 1-year low of $178.26 and a 1-year high of $289.57.
UFP Technologies (NASDAQ:UFPT - Get Free Report) last posted its quarterly earnings data on Thursday, November 9th. The industrial products company reported $1.37 earnings per share for the quarter. UFP Technologies had a return on equity of 20.45% and a net margin of 11.23%.The firm had revenue of $96.97 million during the quarter.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the business. LPL Financial LLC grew its holdings in UFP Technologies by 54.6% during the first quarter. LPL Financial LLC now owns 14,150 shares of the industrial products company's stock worth $2,824,000 after buying an additional 4,999 shares in the last quarter. Brown Capital Management LLC boosted its holdings in UFP Technologies by 11.4% during the 2nd quarter. Brown Capital Management LLC now owns 170,811 shares of the industrial products company's stock worth $41,705,000 after acquiring an additional 17,493 shares during the last quarter. Benjamin Edwards Inc. purchased a new position in UFP Technologies during the 1st quarter worth $632,000. Sowell Financial Services LLC bought a new stake in shares of UFP Technologies in the 2nd quarter worth $213,000. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of UFP Technologies by 23.6% in the second quarter. Allspring Global Investments Holdings LLC now owns 18,206 shares of the industrial products company's stock valued at $4,445,000 after purchasing an additional 3,475 shares during the last quarter. 87.28% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
UFPT has been the subject of several research analyst reports. Wall Street Zen lowered shares of UFP Technologies from a "hold" rating to a "sell" rating in a research note on Friday, November 28th. Weiss Ratings restated a "hold (c)" rating on shares of UFP Technologies in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $289.00.
Get Our Latest Analysis on UFPT
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.
Further Reading
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