Cynthia Feldmann Sells 1,200 Shares of UFP Technologies (NASDAQ:UFPT) Stock
by Sarita Garza · The Markets DailyUFP Technologies, Inc. (NASDAQ:UFPT – Get Free Report) Director Cynthia Feldmann sold 1,200 shares of UFP Technologies stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $239.29, for a total transaction of $287,148.00. Following the sale, the director owned 5,476 shares in the company, valued at $1,310,352.04. This represents a 17.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
UFP Technologies Trading Down 0.6%
UFPT opened at $232.20 on Wednesday. The firm has a market capitalization of $1.80 billion, a P/E ratio of 26.36 and a beta of 1.11. The firm’s 50 day moving average is $214.13 and its 200-day moving average is $223.47. UFP Technologies, Inc. has a 52-week low of $173.86 and a 52-week high of $274.93. The company has a quick ratio of 1.69, a current ratio of 2.91 and a debt-to-equity ratio of 0.32.
UFP Technologies (NASDAQ:UFPT – Get Free Report) last posted its quarterly earnings data on Monday, May 4th. The industrial products company reported $2.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.18 by $0.30. The company had revenue of $154.20 million for the quarter, compared to analyst estimates of $154.78 million. UFP Technologies had a net margin of 11.27% and a return on equity of 18.47%. The business’s quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter last year, the firm posted $2.47 earnings per share. Analysts expect that UFP Technologies, Inc. will post 10.23 EPS for the current fiscal year.
Institutional Trading of UFP Technologies
A number of hedge funds have recently made changes to their positions in UFPT. Global Retirement Partners LLC acquired a new stake in shares of UFP Technologies during the fourth quarter worth approximately $28,000. Smartleaf Asset Management LLC grew its position in shares of UFP Technologies by 1,500.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 176 shares of the industrial products company’s stock worth $41,000 after buying an additional 165 shares in the last quarter. Canada Pension Plan Investment Board acquired a new stake in shares of UFP Technologies during the second quarter worth approximately $49,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of UFP Technologies during the third quarter worth approximately $51,000. Finally, PNC Financial Services Group Inc. grew its position in shares of UFP Technologies by 66.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 236 shares of the industrial products company’s stock worth $52,000 after buying an additional 94 shares in the last quarter. Institutional investors and hedge funds own 87.28% of the company’s stock.
Analyst Ratings Changes
A number of analysts have recently issued reports on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of UFP Technologies in a research note on Friday, May 29th. Wall Street Zen upgraded shares of UFP Technologies from a “sell” rating to a “hold” rating in a research note on Saturday, March 28th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, UFP Technologies has a consensus rating of “Hold” and an average price target of $289.00.
Read Our Latest Stock Analysis on UFPT
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.