UFP Technologies (NASDAQ:UFPT) Trading Down 5.6% – Time to Sell?

UFP Technologies, Inc. (NASDAQ:UFPT) was down 5.6% during trading on Monday . The stock traded as low as $235.83 and last traded at $239.21. Approximately 56,656 shares changed hands during mid-day trading, a decline of 33% from the average daily volume of 84,710 shares. The stock had previously closed at $253.30.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Raymond James started coverage on shares of UFP Technologies in a research report on Friday, March 28th. They set a “market perform” rating on the stock. Lake Street Capital set a $252.00 price target on UFP Technologies and gave the company a “buy” rating in a report on Wednesday, May 7th. Finally, StockNews.com lowered UFP Technologies from a “hold” rating to a “sell” rating in a research note on Thursday, January 23rd.

UFP Technologies Trading Down 1.1%

The company has a debt-to-equity ratio of 0.64, a current ratio of 2.57 and a quick ratio of 1.43. The firm has a market cap of $1.84 billion, a PE ratio of 34.14 and a beta of 1.10. The company’s 50 day moving average price is $212.97 and its 200 day moving average price is $249.18.

UFP Technologies (NASDAQ:UFPT) last announced its quarterly earnings data on Tuesday, May 6th. The industrial products company reported $2.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.05 by $0.42. UFP Technologies had a return on equity of 18.92% and a net margin of 11.74%. The business had revenue of $148.15 million during the quarter, compared to analysts’ expectations of $139.93 million.

Insider Buying and Selling

In other UFP Technologies news, Director Daniel C. Croteau sold 6,846 shares of the firm’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $228.41, for a total value of $1,563,694.86. Following the completion of the sale, the director now owns 1,785 shares of the company’s stock, valued at approximately $407,711.85. This trade represents a 79.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Christopher P. Litterio sold 1,473 shares of the firm’s stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $220.12, for a total transaction of $324,236.76. Following the completion of the sale, the senior vice president now owns 12,585 shares of the company’s stock, valued at $2,770,210.20. This trade represents a 10.48% decrease in their position. The disclosure for this sale can be found here. 4.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On UFP Technologies

A number of large investors have recently added to or reduced their stakes in UFPT. Barclays PLC lifted its stake in shares of UFP Technologies by 390.6% during the third quarter. Barclays PLC now owns 12,937 shares of the industrial products company’s stock valued at $4,098,000 after buying an additional 10,300 shares during the period. Diversify Wealth Management LLC raised its holdings in UFP Technologies by 31.0% in the 4th quarter. Diversify Wealth Management LLC now owns 3,026 shares of the industrial products company’s stock valued at $732,000 after acquiring an additional 716 shares during the last quarter. Mountain Pacific Investment Advisers LLC lifted its stake in shares of UFP Technologies by 0.4% during the 4th quarter. Mountain Pacific Investment Advisers LLC now owns 93,316 shares of the industrial products company’s stock worth $22,817,000 after purchasing an additional 340 shares during the period. SG Americas Securities LLC lifted its stake in shares of UFP Technologies by 95.6% during the 4th quarter. SG Americas Securities LLC now owns 2,220 shares of the industrial products company’s stock worth $543,000 after purchasing an additional 1,085 shares during the period. Finally, Inspire Investing LLC grew its position in shares of UFP Technologies by 29.9% in the fourth quarter. Inspire Investing LLC now owns 1,681 shares of the industrial products company’s stock valued at $411,000 after purchasing an additional 387 shares during the period. 87.28% of the stock is owned by institutional investors and hedge funds.

UFP Technologies Company Profile

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.