UFP Technologies (NASDAQ:UFPT) Director Cynthia Feldmann Sells 1,000 Shares of Stock

UFP Technologies, Inc. (NASDAQ:UFPT) Director Cynthia Feldmann sold 1,000 shares of UFP Technologies stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $324.26, for a total value of $324,260.00. Following the completion of the sale, the director directly owned 4,476 shares in the company, valued at $1,451,387.76. This trade represents a 18.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

UFP Technologies Price Performance

Shares of UFP Technologies stock opened at $321.31 on Tuesday. The stock has a 50 day moving average of $262.32 and a 200 day moving average of $232.74. UFP Technologies, Inc. has a 12 month low of $173.86 and a 12 month high of $338.71. The firm has a market cap of $2.49 billion, a PE ratio of 34.62 and a beta of 1.08. The company has a current ratio of 3.00, a quick ratio of 1.72 and a debt-to-equity ratio of 0.26.

UFP Technologies (NASDAQ:UFPT) last released its quarterly earnings data on Monday, August 3rd. The industrial products company reported $2.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.31 by $0.61. The business had revenue of $173.96 million for the quarter, compared to the consensus estimate of $159.38 million. UFP Technologies had a return on equity of 18.42% and a net margin of 11.45%. On average, research analysts expect that UFP Technologies, Inc. will post 10.54 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

Institutional Trading of UFP Technologies

Institutional investors have recently added to or reduced their stakes in the company. Rice Hall James & Associates LLC grew its stake in shares of UFP Technologies by 110.0% during the first quarter. Rice Hall James & Associates LLC now owns 21,211 shares of the industrial products company’s stock valued at $4,106,000 after buying an additional 11,111 shares during the last quarter. UBS Group AG lifted its stake in shares of UFP Technologies by 22.4% during the 4th quarter. UBS Group AG now owns 189,403 shares of the industrial products company’s stock worth $42,053,000 after acquiring an additional 34,715 shares during the last quarter. Maridea Wealth Management LLC purchased a new position in UFP Technologies during the 1st quarter valued at $1,465,000. Isthmus Partners LLC purchased a new position in UFP Technologies during the 1st quarter valued at $1,679,000. Finally, Y Intercept Hong Kong Ltd bought a new position in UFP Technologies in the 1st quarter valued at $953,000. Institutional investors 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.