UFP Technologies (NASDAQ:UFPT) Upgraded at Wall Street Zen
by Michael Walen · The Markets DailyWall Street Zen upgraded shares of UFP Technologies (NASDAQ:UFPT – Free Report) from a hold rating to a buy rating in a report issued on Saturday morning.
Separately, Weiss Ratings upgraded shares of UFP Technologies from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, August 5th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, UFP Technologies has a consensus rating of “Hold”.
View Our Latest Stock Report on UFPT
UFP Technologies Stock Up 3.5%
UFPT stock opened at $325.00 on Friday. The stock has a fifty day moving average of $252.37 and a 200-day moving average of $230.55. UFP Technologies has a fifty-two week low of $173.86 and a fifty-two week high of $338.71. The company has a market capitalization of $2.52 billion, a price-to-earnings ratio of 35.02 and a beta of 1.08. 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 (NASDAQ:UFPT – Get Free Report) last announced its quarterly earnings data on Monday, August 3rd. The industrial products company reported $2.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.31 by $0.61. The business had revenue of $173.96 million for the quarter, compared to analysts’ expectations of $159.38 million. UFP Technologies had a return on equity of 18.42% and a net margin of 11.45%. As a group, equities research analysts predict that UFP Technologies will post 10.54 earnings per share for the current year.
Insiders Place Their Bets
In other UFP Technologies news, Director Cynthia L. Feldmann sold 1,200 shares of the firm’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $239.29, for a total value of $287,148.00. Following the completion of the transaction, the director owned 5,476 shares in the company, valued at $1,310,352.04. This trade represents a 17.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman R Jeffrey Bailly sold 10,682 shares of UFP Technologies stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $318.63, for a total value of $3,403,605.66. Following the transaction, the chairman directly owned 18,024 shares of the company’s stock, valued at $5,742,987.12. The trade was a 37.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 16,895 shares of company stock valued at $5,284,236 over the last ninety days. Corporate insiders own 4.59% of the company’s stock.
Hedge Funds Weigh In On UFP Technologies
Large investors have recently modified their holdings of the company. ProShare Advisors LLC raised its holdings in shares of UFP Technologies by 3.2% in the 4th quarter. ProShare Advisors LLC now owns 1,466 shares of the industrial products company’s stock valued at $325,000 after acquiring an additional 46 shares in the last quarter. Guidance Capital Inc. grew its holdings in shares of UFP Technologies by 2.8% during the fourth quarter. Guidance Capital Inc. now owns 2,337 shares of the industrial products company’s stock worth $519,000 after purchasing an additional 63 shares in the last quarter. Balefire LLC grew its holdings in shares of UFP Technologies by 6.6% during the first quarter. Balefire LLC now owns 1,093 shares of the industrial products company’s stock worth $212,000 after purchasing an additional 68 shares in the last quarter. Sanctuary Advisors LLC increased its position in shares of UFP Technologies by 3.3% in the first quarter. Sanctuary Advisors LLC now owns 2,287 shares of the industrial products company’s stock worth $443,000 after purchasing an additional 72 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its position in shares of UFP Technologies by 66.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 236 shares of the industrial products company’s stock worth $52,000 after purchasing an additional 94 shares during the last quarter. 87.28% of the stock is currently owned by institutional investors.
About UFP Technologies
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.