Wall Street Zen upgraded shares of UFP Technologies (NASDAQ:UFPT – Free Report) from a hold rating to a buy rating in a research report report published on Saturday morning.
Separately, Weiss Ratings upgraded UFP Technologies from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, UFP Technologies has a consensus rating of “Hold”.
Read Our Latest Stock Report on UFP Technologies
UFP Technologies Trading Up 0.7%
UFP Technologies (NASDAQ:UFPT – Get Free Report) last issued its quarterly earnings data on Monday, August 3rd. The industrial products company reported $2.92 EPS for the quarter, beating the consensus estimate of $2.31 by $0.61. The business had revenue of $173.96 million during the quarter, compared to the consensus estimate of $159.38 million. UFP Technologies had a net margin of 11.45% and a return on equity of 18.42%. Equities research analysts predict that UFP Technologies will post 10.54 earnings per share for the current fiscal year.
Insider Activity at UFP Technologies
In other UFP Technologies news, Director Cynthia L. Feldmann sold 1,200 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $239.29, for a total transaction of $287,148.00. Following the completion of the transaction, the director owned 5,476 shares in the company, valued at approximately $1,310,352.04. This trade represents a 17.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Daniel C. Croteau sold 2,864 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $221.71, for a total transaction of $634,977.44. Following the completion of the transaction, the director owned 855 shares in the company, valued at $189,562.05. This trade represents a 77.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 4.59% of the stock is currently owned by company insiders.
Institutional Trading of UFP Technologies
Institutional investors have recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in UFP Technologies during the 2nd quarter worth about $302,622,000. Deutsche Bank AG acquired a new position in shares of UFP Technologies in the 2nd quarter valued at about $2,272,000. Rice Hall James & Associates LLC bought a new stake in shares of UFP Technologies during the 2nd quarter valued at about $9,023,000. Diamond Hill Capital Management LLC Investment Advisor bought a new stake in shares of UFP Technologies during the 2nd quarter valued at about $14,629,000. Finally, Global Retirement Partners LLC acquired a new stake in UFP Technologies during the second quarter worth approximately $366,000. Institutional investors own 87.28% of the company’s stock.
About UFP Technologies
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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