Insider Selling: UFP Technologies (NASDAQ:UFPT) Chairman Sells $1,593,482.31 in Stock

UFP Technologies, Inc. (NASDAQ:UFPT) Chairman R Jeffrey Bailly sold 5,013 shares of UFP Technologies stock in a transaction on Friday, August 7th. The shares were sold at an average price of $317.87, for a total transaction of $1,593,482.31. Following the transaction, the chairman owned 13,011 shares in the company, valued at $4,135,806.57. The trade was a 27.81% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

R Jeffrey Bailly also recently made the following trade(s):

• On Thursday, August 6th, R Jeffrey Bailly sold 10,682 shares of UFP Technologies stock. The shares were sold at an average price of $318.63, for a total value of $3,403,605.66.

UFP Technologies Trading Up 0.2%

NASDAQ:UFPT opened at $322.46 on Thursday. The business’s 50-day moving average is $256.57 and its two-hundred day moving average is $231.34. The firm has a market capitalization of $2.50 billion, a PE ratio of 34.75 and a beta of 1.08. UFP Technologies, Inc. has a 12 month low of $173.86 and a 12 month high of $338.71. The company has a debt-to-equity ratio of 0.26, a current ratio of 3.00 and a quick ratio of 1.72.

UFP Technologies (NASDAQ:UFPT) last issued its earnings results on Monday, August 3rd. The industrial products company reported $2.92 earnings per share for the quarter, topping the consensus estimate of $2.31 by $0.61. UFP Technologies had a return on equity of 18.42% and a net margin of 11.45%.The company had revenue of $173.96 million during the quarter, compared to the consensus estimate of $159.38 million. Research analysts predict that UFP Technologies, Inc. will post 10.54 earnings per share for the current fiscal year.

Institutional Trading of UFP Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of UFPT. BlackRock Inc. purchased a new position in UFP Technologies in the second quarter valued at about $302,622,000. Thrivent Financial for Lutherans increased its holdings in UFP Technologies by 892.3% during the 4th quarter. Thrivent Financial for Lutherans now owns 248,125 shares of the industrial products company’s stock worth $55,091,000 after purchasing an additional 223,121 shares during the last quarter. Wasatch Advisors LP raised its position in shares of UFP Technologies by 14.6% in the 4th quarter. Wasatch Advisors LP now owns 736,027 shares of the industrial products company’s stock valued at $163,420,000 after purchasing an additional 93,640 shares in the last quarter. Boston Trust Walden Corp boosted its stake in shares of UFP Technologies by 36.3% during the 1st quarter. Boston Trust Walden Corp now owns 317,072 shares of the industrial products company’s stock valued at $61,385,000 after buying an additional 84,396 shares during the last quarter. Finally, De Lisle Partners LLP purchased a new position in shares of UFP Technologies during the 2nd quarter valued at approximately $19,677,000. 87.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Weiss Ratings upgraded UFP Technologies from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, August 5th. Wall Street Zen upgraded shares of UFP Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of “Hold”.

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.