UFP Technologies (NASDAQ:UFPT) Director Symeria Hudson Sells 298 Shares of Stock

Key Points

• Director Symeria Hudson sold 298 UFP Technologies shares at an average price of $319.11, receiving $95,094.78 and reducing her ownership by 24.33% to 927 shares. She also sold 1,926 shares four days earlier for $625,141.08.
• UFP Technologies shares rose 2.1% to $320.45, near their 52-week high of $338.71. The company recently beat quarterly estimates, reporting earnings of $2.92 per share versus the $2.31 consensus and revenue of $173.96 million.
• Analyst sentiment remains mixed, with the stock carrying an average “Hold” rating despite one upgrade to “Buy.” Institutional investors own 87.28% of the company, with several firms recently increasing or initiating positions.

UFP Technologies, Inc. (NASDAQ:UFPT - Get Free Report) Director Symeria Hudson sold 298 shares of the firm's stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $319.11, for a total transaction of $95,094.78. Following the sale, the director owned 927 shares in the company, valued at $295,814.97. This trade represents a 24.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Symeria Hudson also recently made the following trade(s):

• On Friday, August 14th, Symeria Hudson sold 1,926 shares of UFP Technologies stock. The shares were sold at an average price of $324.58, for a total transaction of $625,141.08.

UFP Technologies Stock Up 2.1%

Shares of UFPT stock traded up $6.46 during trading hours on Wednesday, hitting $320.45. 19,646 shares of the company were exchanged, compared to its average volume of 202,460. UFP Technologies, Inc. has a 52 week low of $173.86 and a 52 week 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 business has a 50 day moving average of $263.98 and a two-hundred day moving average of $233.23. The company has a market capitalization of $2.48 billion, a PE ratio of 34.59 and a beta of 1.08.

UFP Technologies (NASDAQ:UFPT - Get Free Report) last announced its earnings results on Monday, August 3rd. The industrial products company reported $2.92 earnings per share for the quarter, topping analysts' consensus estimates of $2.31 by $0.61. The firm had revenue of $173.96 million during the quarter, compared to analyst estimates of $159.38 million. UFP Technologies had a net margin of 11.45% and a return on equity of 18.42%. Analysts anticipate 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 the company. Weiss Ratings upgraded UFP Technologies from a "hold (c)" rating to a "hold (c+)" rating in a report on Wednesday, August 5th. Wall Street Zen upgraded UFP Technologies from a "hold" rating to a "buy" rating in a research note on Saturday, August 8th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, UFP Technologies presently has an average rating of "Hold".

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of UFPT. Rice Hall James & Associates LLC grew its stake in shares of UFP Technologies by 110.0% in the first quarter. Rice Hall James & Associates LLC now owns 21,211 shares of the industrial products company's stock valued at $4,106,000 after acquiring an additional 11,111 shares in the last quarter. UBS Group AG increased its position in UFP Technologies by 22.4% during the fourth quarter. UBS Group AG now owns 189,403 shares of the industrial products company's stock worth $42,053,000 after acquiring an additional 34,715 shares during the period. Maridea Wealth Management LLC acquired a new stake in UFP Technologies in the 1st quarter worth about $1,465,000. Isthmus Partners LLC acquired a new stake in UFP Technologies in the 1st quarter worth about $1,679,000. Finally, Y Intercept Hong Kong Ltd bought a new stake in UFP Technologies in the 1st quarter valued at about $953,000. Institutional investors and hedge funds 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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