Christopher Litterio Sells 1,829 Shares of UFP Technologies (NASDAQ:UFPT) Stock

UFP Technologies, Inc. (NASDAQ:UFPT) SVP Christopher Litterio sold 1,829 shares of UFP Technologies stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $227.20, for a total transaction of $415,548.80. Following the completion of the transaction, the senior vice president owned 10,756 shares in the company, valued at approximately $2,443,763.20. This represents a 14.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

UFP Technologies Stock Performance

UFPT stock traded up $1.38 during trading on Wednesday, hitting $246.98. The company had a trading volume of 46,937 shares, compared to its average volume of 131,935. UFP Technologies, Inc. has a 1-year low of $178.26 and a 1-year high of $349.77. The company has a quick ratio of 1.53, a current ratio of 2.77 and a debt-to-equity ratio of 0.39. The firm has a 50-day moving average price of $202.28 and a 200-day moving average price of $221.16. The firm has a market cap of $1.90 billion, a PE ratio of 28.62 and a beta of 1.16.

UFP Technologies (NASDAQ:UFPT) last posted its quarterly earnings data on Thursday, November 9th. The industrial products company reported $1.37 earnings per share for the quarter. UFP Technologies had a net margin of 11.40% and a return on equity of 21.54%. The firm had revenue of $96.97 million for the quarter.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in UFPT. American Century Companies Inc. boosted its holdings in UFP Technologies by 1,858.2% during the first quarter. American Century Companies Inc. now owns 287,588 shares of the industrial products company’s stock worth $58,010,000 after buying an additional 272,902 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in UFP Technologies by 469.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 103,663 shares of the industrial products company’s stock worth $20,687,000 after purchasing an additional 85,457 shares in the last quarter. Ashford Capital Management Inc. acquired a new stake in UFP Technologies in the 2nd quarter worth approximately $17,284,000. Swedbank AB boosted its holdings in UFP Technologies by 68.8% during the first quarter. Swedbank AB now owns 135,000 shares of the industrial products company’s stock valued at $27,231,000 after acquiring an additional 55,000 shares during the period. Finally, Envestnet Asset Management Inc. increased its stake in shares of UFP Technologies by 261.3% in the first quarter. Envestnet Asset Management Inc. now owns 75,194 shares of the industrial products company’s stock worth $15,167,000 after purchasing an additional 54,382 shares during the period. Institutional investors and hedge funds own 87.28% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on UFPT shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of UFP Technologies in a research note on Wednesday, October 8th. Lake Street Capital upped their target price on shares of UFP Technologies from $252.00 to $289.00 and gave the company a “buy” rating in a research note on Wednesday, August 6th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, UFP Technologies has an average rating of “Hold” and an average target price of $289.00.

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.