UFP Technologies, Inc. (NASDAQ:UFPT - Get Free Report) SVP Christopher P. Litterio sold 1,473 shares of the firm's stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $220.12, for a total value of $324,236.76. Following the transaction, the senior vice president now directly owns 12,585 shares of the company's stock, valued at approximately $2,770,210.20. This trade represents a 10.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
UFP Technologies Trading Up 3.3%
UFPT stock traded up $7.74 during midday trading on Monday, reaching $244.22. 95,336 shares of the company traded hands, compared to its average volume of 83,375. UFP Technologies, Inc. has a 52-week low of $178.26 and a 52-week high of $366.41. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.43 and a current ratio of 2.57. The business has a 50 day moving average of $208.81 and a 200-day moving average of $250.51. The firm has a market capitalization of $1.88 billion, a price-to-earnings ratio of 34.84 and a beta of 1.10.
UFP Technologies (NASDAQ:UFPT - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The industrial products company reported $2.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.05 by $0.42. The company had revenue of $148.15 million for the quarter, compared to analysts' expectations of $139.93 million. UFP Technologies had a return on equity of 18.92% and a net margin of 11.74%.
Analysts Set New Price Targets
UFPT has been the subject of a number of research analyst reports. Lake Street Capital set a $252.00 target price on UFP Technologies and gave the stock a "buy" rating in a report on Wednesday, May 7th. Raymond James began coverage on UFP Technologies in a research report on Friday, March 28th. They set a "market perform" rating on the stock. Finally, StockNews.com downgraded UFP Technologies from a "hold" rating to a "sell" rating in a research report on Thursday, January 23rd.
View Our Latest Research Report on UFP Technologies
Institutional Trading of UFP Technologies
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Principal Financial Group Inc. boosted its position in shares of UFP Technologies by 3.8% in the 4th quarter. Principal Financial Group Inc. now owns 39,108 shares of the industrial products company's stock worth $9,562,000 after purchasing an additional 1,444 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in shares of UFP Technologies by 340.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 39,304 shares of the industrial products company's stock worth $9,610,000 after purchasing an additional 30,372 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of UFP Technologies in the 4th quarter worth $16,808,000. Mesirow Financial Investment Management Inc. boosted its position in shares of UFP Technologies by 102.3% in the 4th quarter. Mesirow Financial Investment Management Inc. now owns 3,170 shares of the industrial products company's stock worth $775,000 after purchasing an additional 1,603 shares in the last quarter. Finally, Amundi boosted its position in shares of UFP Technologies by 197.1% in the 4th quarter. Amundi now owns 3,812 shares of the industrial products company's stock worth $957,000 after purchasing an additional 2,529 shares in the last quarter. Institutional investors own 87.28% of the company's stock.
About UFP Technologies
(
Get Free Report)
UFP Technologies, Inc designs and manufactures solutions for medical devices, sterile packaging, and other highly engineered custom products. The company offers protective drapes for robotic surgery, single patient use surfaces, advanced wound care, infection prevention, disposables for surgical and endoscopic procedures, packaging for medical devices, orthopedic implants, biopharma drug manufacturing, and coils for catheters; and molded components for applications in acoustic insulation, interior trim, load floors, sunshades, SUV cargo cover handles, driveshaft damping, engine and manifold covers, quarter panels, and wheel liners.
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