UFP Technologies (NASDAQ:UFPT) Director Sells 1,000 Shares of Stock

Key Points

• Director Cynthia Feldmann sold 1,000 UFP Technologies shares at an average price of $324.26, generating $324,260. Her remaining stake fell 18.26% to 4,476 shares.
• UFP Technologies reported quarterly results above expectations, with EPS of $2.92 versus the $2.31 consensus and revenue of $173.96 million compared with estimates of $159.38 million.
• The stock traded near $321.31, close to its 52-week high, while institutional investors owned 87.28% of shares. Analysts maintained a consensus “Hold” rating despite one recent upgrade to “Buy.”

UFP Technologies, Inc. (NASDAQ:UFPT - Get Free Report) Director Cynthia Feldmann sold 1,000 shares of the firm's stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $324.26, for a total transaction of $324,260.00. Following the completion of the transaction, the director directly owned 4,476 shares in the company, valued at approximately $1,451,387.76. This represents a 18.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

UFP Technologies Price Performance

NASDAQ UFPT traded down $0.45 during trading hours on Monday, hitting $321.31. 89,016 shares of the company's stock traded hands, compared to its average volume of 204,357. The company has a market capitalization of $2.49 billion, a PE ratio of 34.62 and a beta of 1.08. The company has a debt-to-equity ratio of 0.26, a current ratio of 3.00 and a quick ratio of 1.72. UFP Technologies, Inc. has a 52-week low of $173.86 and a 52-week high of $338.71. The firm's 50-day moving average is $260.43 and its 200-day moving average is $232.25.

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

Institutional Investors Weigh In On UFP Technologies

Several institutional investors have recently modified their holdings of the company. BlackRock Inc. acquired a new stake in UFP Technologies during the second quarter worth approximately $302,622,000. Thrivent Financial for Lutherans lifted its position in shares of UFP Technologies by 892.3% during the 4th quarter. Thrivent Financial for Lutherans now owns 248,125 shares of the industrial products company's stock worth $55,091,000 after buying an additional 223,121 shares during the last quarter. Wasatch Advisors LP boosted its holdings in shares of UFP Technologies by 14.6% in the 4th quarter. Wasatch Advisors LP now owns 736,027 shares of the industrial products company's stock valued at $163,420,000 after buying an additional 93,640 shares in the last quarter. Neumeier Poma Investment Counsel LLC acquired a new position in shares of UFP Technologies in the 2nd quarter valued at $22,423,370,000. Finally, Boston Trust Walden Corp grew its position in shares of UFP Technologies by 36.3% in the 1st quarter. Boston Trust Walden Corp now owns 317,072 shares of the industrial products company's stock valued at $61,385,000 after buying an additional 84,396 shares during the last quarter. 87.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

UFPT has been the subject of a number of research analyst reports. Wall Street Zen upgraded UFP Technologies from a "hold" rating to a "buy" rating in a report on Saturday, August 8th. 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 investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, UFP Technologies has a consensus 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source