ValuEngine upgraded shares of UFP Technologies (NASDAQ:UFPT) from a hold rating to a buy rating in a research report report published on Friday.
A number of other research analysts have also weighed in on the stock. BidaskClub raised shares of UFP Technologies from a hold rating to a buy rating in a report on Thursday, September 20th. Zacks Investment Research raised shares of UFP Technologies from a hold rating to a buy rating and set a $40.00 target price for the company in a report on Saturday, September 1st. Finally, Taglich Brothers reissued a buy rating on shares of UFP Technologies in a report on Wednesday, August 29th.
UFPT stock opened at $36.50 on Friday. UFP Technologies has a fifty-two week low of $26.02 and a fifty-two week high of $39.98. The company has a quick ratio of 1.80, a current ratio of 2.74 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $265.14 million, a P/E ratio of 29.20 and a beta of 0.12.
UFP Technologies (NASDAQ:UFPT) last posted its earnings results on Thursday, November 1st. The industrial products company reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.01. UFP Technologies had a net margin of 7.13% and a return on equity of 10.74%. The firm had revenue of $47.81 million during the quarter, compared to analyst estimates of $49.80 million. Analysts predict that UFP Technologies will post 2.12 earnings per share for the current year.
In other UFP Technologies news, CFO Ronald J. Lataille sold 10,548 shares of UFP Technologies stock in a transaction on Friday, August 31st. The shares were sold at an average price of $36.04, for a total transaction of $380,149.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider R Jeffrey Bailly sold 20,941 shares of UFP Technologies stock in a transaction on Friday, August 31st. The stock was sold at an average price of $35.50, for a total transaction of $743,405.50. Following the transaction, the insider now directly owns 535,321 shares of the company’s stock, valued at $19,003,895.50. The disclosure for this sale can be found here. Insiders have sold 57,319 shares of company stock valued at $2,044,353 over the last ninety days. 12.30% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Northern Trust Corp boosted its stake in UFP Technologies by 2.0% during the second quarter. Northern Trust Corp now owns 89,542 shares of the industrial products company’s stock worth $2,762,000 after buying an additional 1,791 shares during the period. Ramsey Quantitative Systems purchased a new position in UFP Technologies during the third quarter worth $110,000. Acadian Asset Management LLC boosted its stake in UFP Technologies by 137.0% during the second quarter. Acadian Asset Management LLC now owns 7,337 shares of the industrial products company’s stock worth $227,000 after buying an additional 4,241 shares during the period. BlackRock Inc. boosted its stake in UFP Technologies by 1.7% during the third quarter. BlackRock Inc. now owns 346,505 shares of the industrial products company’s stock worth $12,733,000 after buying an additional 5,669 shares during the period. Finally, Rhumbline Advisers purchased a new position in UFP Technologies during the third quarter worth $229,000. 69.01% of the stock is owned by institutional investors.
UFP Technologies Company Profile
UFP Technologies, Inc designs and converts foams, plastics, composites, and natural fiber materials for the medical, automotive, consumer, electronics, industrial, and aerospace and defense markets in the United States. The company offers medical devices and components, disposable wound care components, automotive interior trims, athletic paddings, abrasive nail files and other beauty aids, air filtration products, high-temperature insulations, military uniform and gear components, and cushion packaging products.
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