Key Points
- Director Symeria Hudson sold 298 UFP Technologies shares at an average price of $319.11, generating $95,094.78 and reducing her direct stake by 24.33%. This follows a larger sale of 1,926 shares worth $625,141.08 on August 14.
- UFP Technologies recently exceeded quarterly expectations, reporting $2.92 in earnings per share versus the $2.31 consensus estimate and revenue of $173.96 million versus expectations of $159.38 million.
- UFPT shares opened at $312.84, near their one-year high of $338.71, while analysts’ average rating remains “Hold.” Institutional investors own 87.28% of the company.
UFP Technologies, Inc. (NASDAQ:UFPT - Get Free Report) Director Symeria Hudson sold 298 shares of the firm's stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $319.11, for a total value of $95,094.78. Following the sale, the director directly owned 927 shares in the company, valued at $295,814.97. This trade represents a 24.33% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.
Symeria Hudson also recently made the following trade(s):
- On Friday, August 14th, Symeria Hudson sold 1,926 shares of UFP Technologies stock. The stock was sold at an average price of $324.58, for a total transaction of $625,141.08.
UFP Technologies Stock Down 0.4%
UFPT opened at $312.84 on Thursday. The business's 50-day simple moving average is $265.59 and its 200-day simple moving average is $233.70. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.72 and a current ratio of 3.00. UFP Technologies, Inc. has a one year low of $173.86 and a one year high of $338.71. The stock has a market capitalization of $2.42 billion, a P/E ratio of 33.71 and a beta of 1.08.
UFP Technologies (NASDAQ:UFPT - Get Free Report) last issued 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. UFP Technologies had a net margin of 11.45% and a return on equity of 18.42%. The firm had revenue of $173.96 million during the quarter, compared to analysts' expectations of $159.38 million. Analysts anticipate that UFP Technologies, Inc. will post 10.54 EPS for the current year.
Analyst Upgrades and Downgrades
Several analysts have weighed in on UFPT shares. Wall Street Zen raised UFP Technologies from a "hold" rating to a "buy" rating in a report on Saturday, August 8th. 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 equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of "Hold".
Check Out Our Latest Analysis on UFP Technologies
Institutional Trading of UFP Technologies
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Rice Hall James & Associates LLC boosted its holdings in shares of 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 worth $4,106,000 after buying an additional 11,111 shares during the period. UBS Group AG raised its holdings in shares of UFP Technologies by 22.4% during the fourth quarter. UBS Group AG now owns 189,403 shares of the industrial products company's stock worth $42,053,000 after acquiring an additional 34,715 shares in the last quarter. Maridea Wealth Management LLC acquired a new stake in shares of UFP Technologies during the 1st quarter valued at about $1,465,000. Isthmus Partners LLC acquired a new stake in UFP Technologies in the first quarter valued at approximately $1,679,000. Finally, Y Intercept Hong Kong Ltd bought a new stake in UFP Technologies in the first quarter worth $953,000. 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.
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