UFP Technologies, Inc. (NASDAQ:UFPT - Get Free Report) Director Cynthia Feldmann sold 1,000 shares of the firm's stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $324.26, for a total transaction of $324,260.00. Following the completion of the transaction, the director directly owned 4,476 shares in the company, valued at $1,451,387.76. This represents a 18.26% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
UFP Technologies Price Performance
UFP Technologies stock opened at $321.31 on Tuesday. The stock has a market cap of $2.49 billion, a price-to-earnings ratio of 34.62 and a beta of 1.08. The company has a debt-to-equity ratio of 0.26, a current ratio of 3.00 and a quick ratio of 1.72. UFP Technologies, Inc. has a 1 year low of $173.86 and a 1 year high of $338.71. The firm has a 50-day moving average of $262.32 and a two-hundred day moving average of $232.74.
UFP Technologies (NASDAQ:UFPT - Get Free Report) last issued its earnings results on Monday, August 3rd. The industrial products company reported $2.92 EPS for the quarter, topping analysts' consensus estimates of $2.31 by $0.61. The business had revenue of $173.96 million for 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%. On average, research analysts forecast that UFP Technologies, Inc. will post 10.54 earnings per share for the current year.
Institutional Trading of UFP Technologies
Hedge funds have recently bought and sold shares of the stock. Rice Hall James & Associates LLC increased its holdings in shares of UFP Technologies by 110.0% in the 1st 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 period. UBS Group AG lifted its stake in shares of UFP Technologies by 22.4% during the 4th quarter. UBS Group AG now owns 189,403 shares of the industrial products company's stock worth $42,053,000 after purchasing an additional 34,715 shares during the last quarter. Maridea Wealth Management LLC bought a new stake in UFP Technologies during the first quarter valued at about $1,465,000. Isthmus Partners LLC bought a new stake in UFP Technologies during the first quarter valued at about $1,679,000. Finally, Y Intercept Hong Kong Ltd purchased a new position in UFP Technologies in the first quarter valued at about $953,000. Hedge funds and other institutional investors own 87.28% of the company's stock.
Analysts Set New Price Targets
Several brokerages recently issued reports on UFPT. Wall Street Zen raised UFP Technologies from a "hold" rating to a "buy" rating in a research note on Saturday, August 8th. Weiss Ratings upgraded UFP Technologies from a "hold (c)" rating to a "hold (c+)" rating in a report on Wednesday, August 5th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, UFP Technologies presently has an average rating of "Hold".
Read Our Latest Stock Analysis on UFP Technologies
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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