UFP Technologies (NASDAQ:UFPT) Chairman Sells 5,013 Shares of Stock

Key Points

• Chairman R. Jeffrey Bailly sold 5,013 UFP Technologies shares for approximately $1.59 million at an average price of $317.87, reducing his direct ownership by 27.81%. He had also sold 10,682 shares the previous day.
• UFP Technologies shares traded at $325, near their 52-week high, with a $2.51 billion market capitalization and a P/E ratio of 35.02.
• The company reported a quarterly earnings beat, posting $2.92 in EPS versus the $2.31 consensus estimate and revenue of $173.96 million versus $159.38 million expected. Analysts’ average rating remains “Hold,” although one research firm upgraded the stock to “Buy.”

UFP Technologies, Inc. (NASDAQ:UFPT - Get Free Report) Chairman R Jeffrey Bailly sold 5,013 shares of the firm's stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $317.87, for a total value of $1,593,482.31. Following the transaction, the chairman directly owned 13,011 shares in the company, valued at approximately $4,135,806.57. This represents a 27.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

R Jeffrey Bailly also recently made the following trade(s):

• On Thursday, August 6th, R Jeffrey Bailly sold 10,682 shares of UFP Technologies stock. The stock was sold at an average price of $318.63, for a total value of $3,403,605.66.

UFP Technologies Price Performance

UFPT traded up $10.99 during midday trading on Monday, hitting $325.00. The stock had a trading volume of 136,102 shares, compared to its average volume of 206,497. UFP Technologies, Inc. has a 1 year low of $173.86 and a 1 year high of $338.71. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.72 and a current ratio of 3.00. The business has a fifty day moving average of $250.24 and a 200 day moving average of $230.11. The company has a market cap of $2.51 billion, a P/E ratio of 35.02 and a beta of 1.08.

UFP Technologies (NASDAQ:UFPT - Get Free Report) last posted its quarterly earnings results on Monday, August 3rd. The industrial products company reported $2.92 EPS for the quarter, topping the consensus estimate of $2.31 by $0.61. The firm had revenue of $173.96 million for the quarter, compared to the consensus estimate of $159.38 million. UFP Technologies had a net margin of 11.45% and a return on equity of 18.42%. As a group, equities analysts forecast that UFP Technologies, Inc. will post 10.54 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Institutional Trading of UFP Technologies

Institutional investors have recently made changes to their positions in the stock. ProShare Advisors LLC lifted its position in UFP Technologies by 3.2% in the fourth quarter. ProShare Advisors LLC now owns 1,466 shares of the industrial products company's stock worth $325,000 after buying an additional 46 shares during the last quarter. Guidance Capital Inc. increased its position in UFP Technologies by 2.8% during the fourth quarter. Guidance Capital Inc. now owns 2,337 shares of the industrial products company's stock valued at $519,000 after acquiring an additional 63 shares during the last quarter. Balefire LLC raised its stake in shares of UFP Technologies by 6.6% in the first quarter. Balefire LLC now owns 1,093 shares of the industrial products company's stock valued at $212,000 after acquiring an additional 68 shares during the period. Sanctuary Advisors LLC raised its stake 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 valued at $443,000 after acquiring an additional 72 shares during the period. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of UFP Technologies by 66.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 236 shares of the industrial products company's stock worth $52,000 after acquiring an additional 94 shares during the last quarter. Hedge funds and other institutional investors own 87.28% of the company's stock.

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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