UFP Technologies (NASDAQ:UFPT) Director Daniel Croteau Sells 2,864 Shares

UFP Technologies, Inc. (NASDAQ:UFPT) Director Daniel 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 value of $634,977.44. Following the sale, the director owned 855 shares of the company’s stock, valued at approximately $189,562.05. This represents a 77.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

UFP Technologies Stock Performance

Shares of NASDAQ UFPT traded down $1.36 during trading hours on Wednesday, reaching $219.23. 196,959 shares of the stock were exchanged, compared to its average volume of 204,186. The firm has a market capitalization of $1.70 billion, a price-to-earnings ratio of 24.88 and a beta of 1.08. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.69 and a current ratio of 2.91. UFP Technologies, Inc. has a 52 week low of $173.86 and a 52 week high of $274.93. The stock’s fifty day simple moving average is $200.88 and its 200 day simple moving average is $221.99.

UFP Technologies (NASDAQ:UFPT) last released its quarterly earnings results on Monday, May 4th. The industrial products company reported $2.48 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $154.78 million. During the same period in the previous year, the company posted $2.47 EPS. The firm’s quarterly revenue was up 4.1% on a year-over-year basis. Sell-side analysts predict that UFP Technologies, Inc. will post 10.23 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Global Retirement Partners LLC acquired a new position in UFP Technologies in the fourth quarter valued at about $28,000. Smartleaf Asset Management LLC grew its stake in UFP Technologies by 1,500.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 176 shares of the industrial products company’s stock worth $41,000 after buying an additional 165 shares in the last quarter. Canada Pension Plan Investment Board bought a new position in UFP Technologies in the 2nd quarter valued at about $49,000. Caitong International Asset Management Co. Ltd bought a new position in UFP Technologies in the 3rd quarter valued at about $51,000. Finally, PNC Financial Services Group Inc. raised its position in shares of UFP Technologies by 66.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 236 shares of the industrial products company’s stock valued at $52,000 after buying an additional 94 shares in the last quarter. Institutional investors own 87.28% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on UFPT. Wall Street Zen upgraded shares of UFP Technologies from a “sell” rating to a “hold” rating in a research note on Saturday, March 28th. Zacks Research raised shares of UFP Technologies from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 14th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $289.00.

UFP Technologies Company Profile

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.