UFP Technologies, Inc. (NASDAQ:UFPT) SVP Christopher P. Litterio Sells 1,473 Shares

UFP Technologies, Inc. (NASDAQ:UFPT) SVP Christopher P. Litterio sold 1,473 shares of the firm’s stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $220.12, for a total value of $324,236.76. Following the completion of the transaction, the senior vice president now owns 12,585 shares of the company’s stock, valued at approximately $2,770,210.20. This represents a 10.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

UFP Technologies Stock Performance

NASDAQ:UFPT opened at $242.87 on Thursday. The business’s 50-day moving average price is $210.01 and its two-hundred day moving average price is $250.28. UFP Technologies, Inc. has a twelve month low of $178.26 and a twelve month high of $366.41. The stock has a market cap of $1.87 billion, a P/E ratio of 34.65 and a beta of 1.10. The company has a quick ratio of 1.43, a current ratio of 2.57 and a debt-to-equity ratio of 0.64.

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

Analysts Set New Price Targets

UFPT has been the topic of several recent analyst reports. Raymond James initiated coverage on UFP Technologies in a report on Friday, March 28th. They issued 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 cut UFP Technologies from a “hold” rating to a “sell” rating in a report on Thursday, January 23rd.

Hedge Funds Weigh In On UFP Technologies

A number of large investors have recently modified their holdings of the company. Arete Wealth Advisors LLC raised its holdings in shares of UFP Technologies by 5.4% during the 4th quarter. Arete Wealth Advisors LLC now owns 958 shares of the industrial products company’s stock valued at $233,000 after buying an additional 49 shares in the last quarter. Illinois Municipal Retirement Fund raised its holdings in shares of UFP Technologies by 1.2% during the 4th quarter. Illinois Municipal Retirement Fund now owns 4,256 shares of the industrial products company’s stock valued at $1,041,000 after buying an additional 52 shares in the last quarter. Comerica Bank raised its holdings in shares of UFP Technologies by 2.1% during the 1st quarter. Comerica Bank now owns 2,862 shares of the industrial products company’s stock valued at $577,000 after buying an additional 58 shares in the last quarter. Alliance Wealth Advisors LLC UT raised its holdings in shares of UFP Technologies by 2.0% during the 1st quarter. Alliance Wealth Advisors LLC UT now owns 3,088 shares of the industrial products company’s stock valued at $623,000 after buying an additional 62 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of UFP Technologies by 24.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 333 shares of the industrial products company’s stock valued at $81,000 after buying an additional 66 shares in the last quarter. 87.28% of the stock is owned by hedge funds and other institutional investors.

About UFP Technologies

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.