UFP Technologies, Inc. (NASDAQ:UFPT) has been given a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating.
Brokers have set a 12 month consensus target price of $30.00 for the company and are forecasting that the company will post $0.23 earnings per share for the current quarter, according to Zacks. Zacks has also given UFP Technologies an industry rank of 49 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research raised shares of UFP Technologies from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a research report on Saturday, November 18th.
UFP Technologies (UFPT) traded up $0.45 during mid-day trading on Friday, reaching $29.50. 5,626 shares of the company’s stock were exchanged, compared to its average volume of 20,133. UFP Technologies has a 1 year low of $23.55 and a 1 year high of $31.50. The company has a market capitalization of $212.94, a PE ratio of 27.06 and a beta of 0.13.
Several institutional investors have recently made changes to their positions in UFPT. Macquarie Group Ltd. bought a new stake in shares of UFP Technologies in the third quarter valued at about $128,000. New York State Common Retirement Fund boosted its position in shares of UFP Technologies by 559.1% in the second quarter. New York State Common Retirement Fund now owns 6,598 shares of the industrial products company’s stock valued at $187,000 after acquiring an additional 5,597 shares during the period. The Manufacturers Life Insurance Company boosted its position in shares of UFP Technologies by 21.5% in the second quarter. The Manufacturers Life Insurance Company now owns 6,998 shares of the industrial products company’s stock valued at $198,000 after acquiring an additional 1,237 shares during the period. Stone Ridge Asset Management LLC bought a new stake in shares of UFP Technologies in the fourth quarter valued at about $220,000. Finally, CAPROCK Group Inc. bought a new stake in shares of UFP Technologies in the third quarter valued at about $243,000. 68.03% of the stock is owned by institutional investors.
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UFP Technologies Company Profile
UFP Technologies, Inc is a designer and custom converter of foams, plastics, composites and natural fiber materials. The Company is engaged in providing solutions to customers primarily within the medical, automotive, consumer, electronics, industrial, and aerospace and defense markets. It converts these materials using laminating, molding, and fabricating manufacturing technologies.
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