Insider Selling: UFP Technologies (NASDAQ:UFPT) Director Sells 1,200 Shares of Stock

UFP Technologies, Inc. (NASDAQ:UFPT) Director Cynthia Feldmann sold 1,200 shares of the firm’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $239.29, for a total value of $287,148.00. Following the transaction, the director owned 5,476 shares in the company, valued at approximately $1,310,352.04. This trade represents a 17.97% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

UFP Technologies Trading Down 0.9%

UFPT traded down $2.08 during midday trading on Monday, reaching $232.86. 106,293 shares of the company were exchanged, compared to its average volume of 201,494. 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 one year low of $173.86 and a one year high of $274.93. The stock has a market capitalization of $1.80 billion, a P/E ratio of 26.56 and a beta of 1.11. The stock’s 50-day simple moving average is $212.49 and its 200 day simple moving average is $223.39.

UFP Technologies (NASDAQ:UFPT) last issued its earnings results on Monday, May 4th. The industrial products company reported $2.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.18 by $0.30. UFP Technologies had a return on equity of 18.47% and a net margin of 11.27%.The firm had revenue of $154.20 million for the quarter, compared to analysts’ expectations of $154.78 million. During the same quarter last year, the business earned $2.47 earnings per share. The company’s revenue was up 4.1% compared to the same quarter last year. As a group, analysts forecast that UFP Technologies, Inc. will post 10.23 earnings per share for the current fiscal year.

Hedge Funds Weigh In On UFP Technologies

Several institutional investors have recently modified their holdings of the business. Wasatch Advisors LP lifted its holdings in shares of UFP Technologies by 5.6% during the 1st quarter. Wasatch Advisors LP now owns 777,313 shares of the industrial products company’s stock valued at $150,488,000 after purchasing an additional 41,286 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of UFP Technologies by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 533,578 shares of the industrial products company’s stock valued at $118,470,000 after purchasing an additional 5,957 shares in the last quarter. Congress Asset Management Co. lifted its holdings in shares of UFP Technologies by 32.4% during the 4th quarter. Congress Asset Management Co. now owns 441,122 shares of the industrial products company’s stock valued at $97,942,000 after purchasing an additional 107,908 shares in the last quarter. Boston Trust Walden Corp lifted its holdings 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 purchasing an additional 84,396 shares in the last quarter. Finally, State Street Corp lifted its holdings in shares of UFP Technologies by 0.3% during the 4th quarter. State Street Corp now owns 289,775 shares of the industrial products company’s stock valued at $64,339,000 after purchasing an additional 961 shares in the last quarter. Institutional investors own 87.28% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on UFPT shares. Wall Street Zen upgraded UFP Technologies from a “sell” rating to a “hold” rating in a report on Saturday, March 28th. Weiss Ratings restated a “hold (c)” rating on shares of UFP Technologies in a report on Friday, May 29th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $289.00.

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.