Key Points
- Director Cynthia Feldmann sold 1,200 shares of UFP Technologies stock on June 12 at an average price of $239.29, totaling $287,148. After the sale, she still owned 5,476 shares, a 17.97% decrease in her holdings.
- UFP Technologies shares were down 0.5% and recently opened at $233.66, with the stock trading between a 12-month low of $173.86 and a high of $274.93. The company has a market cap of about $1.81 billion and a consensus analyst rating of Hold with a target price of $289.
- The company’s latest earnings beat expectations, posting $2.48 EPS versus the $2.18 consensus estimate, while revenue rose 4.1% year over year to $154.2 million. Institutional investors remain heavily involved, with 87.28% of shares owned by institutions.
UFP Technologies, Inc. (NASDAQ:UFPT - Get Free Report) Director Cynthia Feldmann sold 1,200 shares of the firm's stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $239.29, for a total transaction of $287,148.00. Following the transaction, the director directly owned 5,476 shares in the company, valued at $1,310,352.04. This represents a 17.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
UFP Technologies Stock Down 0.5%
Shares of UFPT opened at $233.66 on Tuesday. UFP Technologies, Inc. has a 12 month low of $173.86 and a 12 month high of $274.93. The firm's 50 day moving average is $213.32 and its 200-day moving average is $223.41. The stock has a market capitalization of $1.81 billion, a PE ratio of 26.52 and a beta of 1.11. The company has a current ratio of 2.91, a quick ratio of 1.69 and a debt-to-equity ratio of 0.32.
UFP Technologies (NASDAQ:UFPT - Get Free Report) last announced its earnings results on Monday, May 4th. The industrial products company reported $2.48 EPS for the quarter, topping the consensus estimate of $2.18 by $0.30. UFP Technologies had a net margin of 11.27% and a return on equity of 18.47%. The company had revenue of $154.20 million for the quarter, compared to analysts' expectations of $154.78 million. During the same period last year, the firm earned $2.47 earnings per share. The business's revenue for the quarter was up 4.1% on a year-over-year basis. Equities research analysts forecast that UFP Technologies, Inc. will post 10.23 EPS for the current year.
Wall Street Analysts Forecast Growth
Several brokerages have recently commented on UFPT. Weiss Ratings reaffirmed a "hold (c)" rating on shares of UFP Technologies in a report on Friday, May 29th. Wall Street Zen raised shares of UFP Technologies from a "sell" rating to a "hold" rating in a report on Saturday, March 28th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, UFP Technologies currently has a consensus rating of "Hold" and a consensus target price of $289.00.
Get Our Latest Stock Analysis on UFP Technologies
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE increased its stake in UFP Technologies by 20.7% in the first quarter. Bank of America Corp DE now owns 54,732 shares of the industrial products company's stock valued at $10,596,000 after acquiring an additional 9,404 shares during the last quarter. Amundi increased its stake in UFP Technologies by 69.2% in the first quarter. Amundi now owns 1,746 shares of the industrial products company's stock valued at $338,000 after acquiring an additional 714 shares during the last quarter. California State Teachers Retirement System increased its stake in UFP Technologies by 29.5% in the first quarter. California State Teachers Retirement System now owns 9,162 shares of the industrial products company's stock valued at $1,774,000 after acquiring an additional 2,085 shares during the last quarter. Ashford Capital Management Inc. increased its stake in UFP Technologies by 11.7% in the first quarter. Ashford Capital Management Inc. now owns 108,010 shares of the industrial products company's stock valued at $20,911,000 after acquiring an additional 11,350 shares during the last quarter. Finally, Rice Hall James & Associates LLC increased its stake in UFP Technologies by 110.0% in the first quarter. Rice Hall James & Associates LLC now owns 21,211 shares of the industrial products company's stock valued at $4,106,000 after acquiring an additional 11,111 shares during the last quarter. 87.28% of the stock is owned by institutional investors.
About UFP Technologies
(
Get Free Report)
UFP Technologies, Inc (NASDAQ: UFPT) is a global designer and manufacturer of custom-engineered products using plastics, foams and adhesives. The company partners with customers to develop application-specific solutions through a range of in-house processes, including foam fabrication, die cutting, sheet processing, lamination, machining and assembly services. Its components find use in industries requiring precise material properties, such as medical devices, aerospace, defense, electronics and transportation.
Building on its origins as a specialty foam converter, UFP Technologies has expanded its capabilities to include advanced material technologies, such as thermal management and electromagnetic interference (EMI) shielding solutions.
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