Key Points
- Chairman R. Jeffrey Bailly sold 5,013 UFP Technologies shares for approximately $1.59 million at an average price of $317.87, reducing his stake by 27.81% to 13,011 shares. He also sold 10,682 shares the previous day for about $3.40 million.
- UFP Technologies reported a strong quarterly performance, with earnings of $2.92 per share and revenue of $173.96 million, exceeding analyst estimates of $2.31 per share and $159.38 million, respectively.
- The stock opened at $325, near its 52-week high of $338.71, while analysts maintain an average “Hold” rating; institutional investors own 87.28% of the company.
UFP Technologies, Inc. (NASDAQ:UFPT - Get Free Report) Chairman R Jeffrey Bailly sold 5,013 shares of the firm's stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $317.87, for a total value of $1,593,482.31. Following the sale, the chairman owned 13,011 shares of the company's stock, valued at approximately $4,135,806.57. This trade represents a 27.81% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
R Jeffrey Bailly also recently made the following trade(s):
- On Thursday, August 6th, R Jeffrey Bailly sold 10,682 shares of UFP Technologies stock. The shares were sold at an average price of $318.63, for a total value of $3,403,605.66.
UFP Technologies Stock Performance
Shares of UFPT opened at $325.00 on Tuesday. The firm has a market cap of $2.52 billion, a price-to-earnings ratio of 35.02 and a beta of 1.08. The company has a quick ratio of 1.72, a current ratio of 3.00 and a debt-to-equity ratio of 0.26. The business's 50 day moving average is $252.37 and its two-hundred day moving average is $230.55. UFP Technologies, Inc. has a 52-week low of $173.86 and a 52-week high of $338.71.
UFP Technologies (NASDAQ:UFPT - Get Free Report) last released its quarterly earnings results on Monday, August 3rd. The industrial products company reported $2.92 earnings per share for the quarter, topping analysts' consensus estimates of $2.31 by $0.61. The business had revenue of $173.96 million during the quarter, compared to the consensus estimate of $159.38 million. UFP Technologies had a net margin of 11.45% and a return on equity of 18.42%. Analysts forecast that UFP Technologies, Inc. will post 10.54 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently weighed in on the stock. Wall Street Zen raised shares of UFP Technologies from a "hold" rating to a "buy" rating in a research report on Saturday. Weiss Ratings raised shares of UFP Technologies from a "hold (c)" rating to a "hold (c+)" rating in a research report on Wednesday, August 5th. Two analysts have rated the stock with a Hold rating, According to MarketBeat, the stock currently has an average rating of "Hold".
Read Our Latest Stock Report on UFP Technologies
Institutional Trading of UFP Technologies
Several institutional investors have recently added to or reduced their stakes in the business. Global Retirement Partners LLC acquired a new stake in shares of UFP Technologies during the fourth quarter worth $28,000. Smartleaf Asset Management LLC boosted its holdings in shares of UFP Technologies by 1,500.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 176 shares of the industrial products company's stock valued at $41,000 after buying an additional 165 shares during the period. Versant Capital Management Inc boosted its holdings in shares of UFP Technologies by 1,291.7% in the 2nd quarter. Versant Capital Management Inc now owns 167 shares of the industrial products company's stock valued at $44,000 after buying an additional 155 shares during the period. Canada Pension Plan Investment Board bought a new stake in shares of UFP Technologies during the 2nd quarter valued at about $49,000. Finally, Caitong International Asset Management Co. Ltd bought a new stake in shares of UFP Technologies during the 3rd quarter valued at about $51,000. Institutional investors own 87.28% of the company's stock.
UFP Technologies Company Profile
(
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
