UFP Technologies (NASDAQ:UFPT - Get Free Report) had its price target upped by analysts at Lake Street Capital from $252.00 to $289.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has a "buy" rating on the industrial products company's stock. Lake Street Capital's price target suggests a potential upside of 43.39% from the company's current price.
UFP Technologies Price Performance
NASDAQ UFPT traded down $4.67 during trading hours on Wednesday, reaching $201.55. 50,684 shares of the company's stock were exchanged, compared to its average volume of 136,902. The stock has a market cap of $1.55 billion, a PE ratio of 23.34 and a beta of 1.14. UFP Technologies has a one year low of $178.26 and a one year high of $366.41. The firm has a fifty day moving average of $237.85 and a 200-day moving average of $232.53. The company has a current ratio of 2.77, a quick ratio of 1.45 and a debt-to-equity ratio of 0.39.
UFP Technologies (NASDAQ:UFPT - Get Free Report) last released its quarterly earnings results on Monday, August 4th. The industrial products company reported $2.50 EPS for the quarter, topping analysts' consensus estimates of $2.25 by $0.25. The business had revenue of $151.18 million for the quarter, compared to analyst estimates of $151.55 million. UFP Technologies had a return on equity of 21.54% and a net margin of 11.40%. UFP Technologies's revenue for the quarter was up 37.2% on a year-over-year basis. During the same period in the prior year, the company earned $1.86 EPS.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the company. Nisa Investment Advisors LLC lifted its holdings in UFP Technologies by 290.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 121 shares of the industrial products company's stock worth $30,000 after buying an additional 90 shares in the last quarter. Johnson Financial Group Inc. acquired a new position in UFP Technologies during the 4th quarter worth $42,000. PNC Financial Services Group Inc. lifted its holdings in UFP Technologies by 179.0% during the 2nd quarter. PNC Financial Services Group Inc. now owns 173 shares of the industrial products company's stock worth $42,000 after buying an additional 111 shares in the last quarter. GAMMA Investing LLC lifted its holdings in UFP Technologies by 37.6% during the 2nd quarter. GAMMA Investing LLC now owns 183 shares of the industrial products company's stock worth $45,000 after buying an additional 50 shares in the last quarter. Finally, State of Wyoming lifted its stake in shares of UFP Technologies by 34.7% in the 1st quarter. State of Wyoming now owns 365 shares of the industrial products company's stock valued at $74,000 after purchasing an additional 94 shares during the period. Institutional investors and hedge funds 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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