UFP Technologies, Inc. (NASDAQ:UFPT – Get Free Report) Director Cynthia Feldmann sold 1,200 shares of UFP Technologies stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $239.29, for a total value of $287,148.00. Following the transaction, the director owned 5,476 shares in the company, valued at $1,310,352.04. This trade represents a 17.97% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
UFP Technologies Stock Down 0.9%
Shares of NASDAQ:UFPT traded down $2.08 during trading on Monday, hitting $232.86. 106,293 shares of the company’s stock traded hands, compared to its average volume of 201,494. UFP Technologies, Inc. has a 52 week low of $173.86 and a 52 week high of $274.93. The company has a current ratio of 2.91, a quick ratio of 1.69 and a debt-to-equity ratio of 0.32. The company has a market cap of $1.80 billion, a price-to-earnings ratio of 26.56 and a beta of 1.11. The company has a 50-day moving average price of $212.49 and a 200-day moving average price of $223.39.
UFP Technologies (NASDAQ:UFPT – Get Free Report) last announced its earnings results on Monday, May 4th. The industrial products company reported $2.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.18 by $0.30. UFP Technologies had a return on equity of 18.47% and a net margin of 11.27%.The business had revenue of $154.20 million for the quarter, compared to analyst estimates of $154.78 million. During the same quarter last year, the firm earned $2.47 EPS. UFP Technologies’s revenue for the quarter was up 4.1% compared to the same quarter last year. As a group, research analysts forecast that UFP Technologies, Inc. will post 10.23 EPS for the current fiscal year.
Analyst Ratings Changes
View Our Latest Research Report on UFP Technologies
Institutional Investors Weigh In On UFP Technologies
A number of hedge funds and other institutional investors have recently bought and sold shares of UFPT. Global Retirement Partners LLC acquired a new position in shares of UFP Technologies during the 4th quarter worth approximately $28,000. Smartleaf Asset Management LLC increased its position in shares of UFP Technologies by 1,500.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 176 shares of the industrial products company’s stock worth $41,000 after purchasing an additional 165 shares during the last quarter. Canada Pension Plan Investment Board acquired a new position in shares of UFP Technologies during the 2nd quarter worth approximately $49,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of UFP Technologies during the 3rd quarter worth approximately $51,000. Finally, PNC Financial Services Group Inc. increased its position in shares of UFP Technologies by 66.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 236 shares of the industrial products company’s stock worth $52,000 after purchasing an additional 94 shares during the last quarter. Institutional investors and hedge funds 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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