UFP Technologies (NASDAQ:UFPT - Get Free Report) had its price target raised by equities researchers at Lake Street Capital from $252.00 to $289.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has a "buy" rating on the industrial products company's stock. Lake Street Capital's target price suggests a potential upside of 40.59% from the stock's previous close.
UFP Technologies Trading Down 0.3%
Shares of NASDAQ UFPT traded down $0.66 during trading hours on Wednesday, hitting $205.56. 142,169 shares of the company traded hands, compared to its average volume of 107,087. The stock has a market capitalization of $1.58 billion, a price-to-earnings ratio of 23.82 and a beta of 1.14. The company has a current ratio of 2.77, a quick ratio of 1.53 and a debt-to-equity ratio of 0.39. The company's 50 day moving average price is $237.27 and its 200 day moving average price is $231.57. UFP Technologies has a 12 month low of $178.26 and a 12 month high of $366.41.
UFP Technologies (NASDAQ:UFPT - Get Free Report) last released its earnings results on Monday, August 4th. The industrial products company reported $2.50 earnings per share for the quarter, beating the consensus estimate of $2.25 by $0.25. The firm had revenue of $151.18 million for the quarter, compared to the consensus estimate of $151.55 million. UFP Technologies had a return on equity of 21.54% and a net margin of 11.40%. The company's revenue for the quarter was up 37.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.86 EPS.
Hedge Funds Weigh In On UFP Technologies
A number of large investors have recently bought and sold shares of the business. GAMMA Investing LLC boosted 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 valued at $45,000 after acquiring an additional 50 shares during the period. Comerica Bank boosted its holdings in UFP Technologies by 2.1% during the 1st quarter. Comerica Bank now owns 2,862 shares of the industrial products company's stock valued at $577,000 after acquiring an additional 58 shares during the period. Alliance Wealth Advisors LLC UT boosted its holdings in UFP Technologies by 2.0% during the 1st quarter. Alliance Wealth Advisors LLC UT now owns 3,088 shares of the industrial products company's stock valued at $623,000 after acquiring an additional 62 shares during the period. Bank of Montreal Can boosted its holdings in UFP Technologies by 6.7% during the 2nd quarter. Bank of Montreal Can now owns 1,226 shares of the industrial products company's stock valued at $299,000 after acquiring an additional 77 shares during the period. Finally, Kestra Private Wealth Services LLC boosted its holdings in UFP Technologies by 4.0% during the 1st quarter. Kestra Private Wealth Services LLC now owns 2,108 shares of the industrial products company's stock valued at $425,000 after acquiring an additional 82 shares during the period. Hedge funds and other institutional investors own 87.28% of the company's stock.
UFP Technologies Company Profile
(
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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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