Insider Selling: UFP Technologies (NASDAQ:UFPT) Director Sells $625,141.08 in Stock

Key Points

• Director Symeria Hudson sold 1,926 UFP Technologies shares for approximately $625,141 at an average price of $324.58, reducing her ownership by 61.12% to 1,225 shares.
• UFP Technologies shares slipped 0.1% to $321.31, while the company reported quarterly EPS of $2.92 and revenue of $173.96 million, both above analyst expectations.
• Institutional investors own 87.28% of the stock, and analysts maintain an overall “Hold” rating despite one recent upgrade to “Buy.”

UFP Technologies, Inc. (NASDAQ:UFPT - Get Free Report) Director Symeria Hudson sold 1,926 shares of the stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $324.58, for a total value of $625,141.08. Following the completion of the sale, the director owned 1,225 shares of the company's stock, valued at $397,610.50. This trade represents a 61.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

UFP Technologies Stock Down 0.1%

Shares of NASDAQ UFPT traded down $0.45 during mid-day trading on Monday, reaching $321.31. 89,016 shares of the company's stock were exchanged, compared to its average volume of 200,278. UFP Technologies, Inc. has a twelve month low of $173.86 and a twelve month high of $338.71. The company has a current ratio of 3.00, a quick ratio of 1.72 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $2.49 billion, a price-to-earnings ratio of 34.62 and a beta of 1.08. The business has a fifty day simple moving average of $262.32 and a 200 day simple moving average of $232.74.

UFP Technologies (NASDAQ:UFPT - Get Free Report) last issued its quarterly earnings data 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 during the quarter, compared to analyst estimates 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 analysts expect that UFP Technologies, Inc. will post 10.54 EPS for the current fiscal year.

Hedge Funds Weigh In On UFP Technologies

A number of large investors have recently bought and sold shares of UFPT. BlackRock Inc. acquired a new stake in shares of UFP Technologies in the second quarter valued at approximately $302,622,000. Wasatch Advisors LP boosted its holdings in UFP Technologies by 5.6% during the first quarter. Wasatch Advisors LP now owns 777,313 shares of the industrial products company's stock worth $150,488,000 after purchasing an additional 41,286 shares during the last quarter. Vanguard Group Inc. grew its position in UFP Technologies by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 533,578 shares of the industrial products company's stock valued at $118,470,000 after purchasing an additional 5,957 shares in the last quarter. Boston Trust Walden Corp grew its position in UFP Technologies by 36.3% in the first quarter. Boston Trust Walden Corp now owns 317,072 shares of the industrial products company's stock valued at $61,385,000 after purchasing an additional 84,396 shares in the last quarter. Finally, State Street Corp increased its stake in UFP Technologies by 0.3% in the 4th quarter. State Street Corp now owns 289,775 shares of the industrial products company's stock valued at $64,339,000 after buying an additional 961 shares during the last quarter. Institutional investors and hedge funds own 87.28% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Wall Street Zen upgraded shares of UFP Technologies from a "hold" rating to a "buy" rating in a report on Saturday, August 8th. Weiss Ratings upgraded UFP Technologies from a "hold (c)" rating to a "hold (c+)" rating in a report on Wednesday, August 5th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of "Hold".

UFP Technologies Company Profile

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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