Key Points
- Director Marc Kozin sold 7,000 UFP Technologies shares at an average price of $304.50, generating $2.13 million and reducing his direct holdings by 24.9% to 21,112 shares.
- UFP Technologies recently reported strong quarterly results, with EPS of $2.92 exceeding estimates by $0.61 and revenue of $173.96 million surpassing forecasts.
- The stock opened at $299.95, near its 52-week high, while analysts maintain an overall “Hold” rating; institutional investors own 87.28% of the company.
UFP Technologies, Inc. (NASDAQ:UFPT - Get Free Report) Director Marc Kozin sold 7,000 shares of the business's stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $304.50, for a total transaction of $2,131,500.00. Following the completion of the sale, the director directly owned 21,112 shares of the company's stock, valued at approximately $6,428,604. The trade was a 24.90% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
UFP Technologies Stock Performance
UFPT opened at $299.95 on Friday. 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 company has a market cap of $2.32 billion, a price-to-earnings ratio of 32.32 and a beta of 1.08. UFP Technologies, Inc. has a 52-week low of $173.86 and a 52-week high of $338.71. The firm's fifty day simple moving average is $274.01 and its two-hundred day simple moving average is $235.74.
UFP Technologies (NASDAQ:UFPT - Get Free Report) last announced its earnings results on Monday, August 3rd. The industrial products company reported $2.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.31 by $0.61. The business had revenue of $173.96 million for the quarter, compared to analyst estimates of $159.38 million. UFP Technologies had a net margin of 11.45% and a return on equity of 18.42%. Equities analysts anticipate that UFP Technologies, Inc. will post 10.54 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Several equities analysts have recently weighed in on UFPT shares. Weiss Ratings upgraded UFP Technologies from a "hold (c)" rating to a "hold (c+)" rating in a research report on Wednesday, August 5th. Wall Street Zen upgraded UFP Technologies from a "hold" rating to a "buy" rating in a research report on Saturday, August 8th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of "Hold".
Check Out Our Latest Research Report on UFPT
Hedge Funds Weigh In On UFP Technologies
Several hedge funds and other institutional investors have recently modified their holdings of UFPT. Rice Hall James & Associates LLC grew its stake in UFP Technologies by 110.0% during 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 in the last quarter. UBS Group AG lifted its stake in UFP Technologies by 22.4% in 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 in the last quarter. De Lisle Partners LLP purchased a new position in UFP Technologies in the 2nd quarter worth approximately $19,677,000. Diamond Hill Capital Management LLC Investment Advisor purchased a new position in UFP Technologies in the 2nd quarter worth approximately $14,629,000. Finally, Maridea Wealth Management LLC acquired a new position in shares of UFP Technologies during the 1st quarter worth approximately $1,465,000. 87.28% of the stock is owned by hedge funds and other 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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