UFP Technologies, Inc. (NASDAQ:UFPT) has been assigned a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy recommendation.
Analysts have set a twelve-month consensus price target of $41.00 for the company and are forecasting that the company will post $0.58 EPS for the current quarter, according to Zacks. Zacks has also given UFP Technologies an industry rank of 208 out of 257 based on the ratings given to related companies.
Several brokerages have recently weighed in on UFPT. BidaskClub raised UFP Technologies from a “hold” rating to a “buy” rating in a research note on Wednesday, October 3rd. ValuEngine raised UFP Technologies from a “hold” rating to a “buy” rating in a research note on Friday, November 16th. Zacks Investment Research cut UFP Technologies from a “buy” rating to a “hold” rating and set a $41.00 price target for the company. in a research note on Thursday. Finally, Taglich Brothers reissued a “buy” rating on shares of UFP Technologies in a research note on Wednesday, August 29th.
In related news, insider R Jeffrey Bailly sold 9,907 shares of the firm’s stock in a transaction that occurred on Monday, December 3rd. The stock was sold at an average price of $36.60, for a total transaction of $362,596.20. Following the completion of the sale, the insider now owns 491,347 shares of the company’s stock, valued at $17,983,300.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 25,239 shares of company stock valued at $920,166 in the last ninety days. 12.30% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Cove Street Capital LLC grew its stake in UFP Technologies by 5.8% during the second quarter. Cove Street Capital LLC now owns 711,072 shares of the industrial products company’s stock worth $21,936,000 after purchasing an additional 39,090 shares during the period. Renaissance Technologies LLC grew its stake in UFP Technologies by 1.1% during the second quarter. Renaissance Technologies LLC now owns 569,100 shares of the industrial products company’s stock worth $17,557,000 after purchasing an additional 6,300 shares during the period. Vanguard Group Inc. grew its stake in UFP Technologies by 18.8% during the third quarter. Vanguard Group Inc. now owns 376,971 shares of the industrial products company’s stock worth $13,854,000 after purchasing an additional 59,576 shares during the period. BlackRock Inc. grew its stake in UFP Technologies by 1.7% during the third quarter. BlackRock Inc. now owns 346,505 shares of the industrial products company’s stock worth $12,733,000 after purchasing an additional 5,669 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in UFP Technologies by 7.3% during the third quarter. Dimensional Fund Advisors LP now owns 264,570 shares of the industrial products company’s stock worth $9,722,000 after purchasing an additional 17,916 shares during the period. 70.61% of the stock is owned by institutional investors and hedge funds.
Shares of UFPT stock opened at $32.96 on Wednesday. The stock has a market capitalization of $262.56 million, a PE ratio of 18.94 and a beta of 0.08. The company has a quick ratio of 1.80, a current ratio of 2.74 and a debt-to-equity ratio of 0.23. UFP Technologies has a 1-year low of $26.02 and a 1-year high of $39.98.
UFP Technologies (NASDAQ:UFPT) last issued its quarterly earnings results on Thursday, November 1st. The industrial products company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.01. The company had revenue of $47.81 million during the quarter, compared to analysts’ expectations of $49.80 million. UFP Technologies had a return on equity of 10.74% and a net margin of 7.13%. As a group, research analysts predict that UFP Technologies will post 2.09 earnings per share for the current year.
About UFP Technologies
UFP Technologies, Inc designs and converts foams, plastics, composites, and natural fiber materials for the medical, automotive, consumer, electronics, industrial, and aerospace and defense markets in the United States. The company offers medical devices and components, disposable wound care components, automotive interior trims, athletic paddings, abrasive nail files and other beauty aids, air filtration products, high-temperature insulations, military uniform and gear components, and cushion packaging products.
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