UFP Technologies (NASDAQ:UFPT) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Thursday. They currently have a $41.00 price objective on the industrial products company’s stock. Zacks Investment Research‘s price target points to a potential upside of 24.39% from the company’s current price.
According to Zacks, “UFP TECH., INC. designs and manufactures a range of high-performance cushion packaging and specialty foam and plastic prods. for the industrial and consumer markets. UFP also designs precision moulded fibre packaging prods. made from recycled paper. “
A number of other equities analysts have also recently issued reports on the stock. BidaskClub cut shares of UFP Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, November 28th. ValuEngine upgraded shares of UFP Technologies from a “hold” rating to a “buy” rating in a research report on Friday, November 16th. Finally, Taglich Brothers reiterated a “buy” rating on shares of UFP Technologies in a research report on Wednesday, August 29th.
Shares of UFPT stock opened at $32.96 on Thursday. UFP Technologies has a 52-week low of $26.02 and a 52-week high of $39.98. The firm has a market capitalization of $262.56 million, a PE ratio of 18.94 and a beta of 0.08. The company has a quick ratio of 1.80, a current ratio of 2.74 and a debt-to-equity ratio of 0.23.
UFP Technologies (NASDAQ:UFPT) last announced its quarterly earnings data on Thursday, November 1st. The industrial products company reported $0.56 earnings per share (EPS) 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 company had revenue of $47.81 million during the quarter, compared to analysts’ expectations of $49.80 million. As a group, equities research analysts forecast that UFP Technologies will post 2.09 earnings per share for the current year.
In related news, insider R Jeffrey Bailly sold 3,443 shares of the stock in a transaction dated Monday, September 10th. The shares were sold at an average price of $35.61, for a total transaction of $122,605.23. Following the completion of the sale, the insider now owns 511,095 shares in the company, valued at approximately $18,200,092.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 25,239 shares of company stock valued at $920,166 in the last quarter. 12.30% of the stock is currently owned by corporate insiders.
Several institutional investors have recently made changes to their positions in UFPT. Vanguard Group Inc. increased its position in shares of UFP Technologies by 18.8% during the 3rd quarter. Vanguard Group Inc. now owns 376,971 shares of the industrial products company’s stock worth $13,854,000 after purchasing an additional 59,576 shares in the last quarter. Acuitas Investments LLC increased its position in shares of UFP Technologies by 227.0% during the 2nd quarter. Acuitas Investments LLC now owns 78,477 shares of the industrial products company’s stock worth $2,421,000 after purchasing an additional 54,480 shares in the last quarter. Cove Street Capital LLC increased its position in shares of UFP Technologies by 5.8% during the 2nd quarter. Cove Street Capital LLC now owns 711,072 shares of the industrial products company’s stock worth $21,936,000 after purchasing an additional 39,090 shares in the last quarter. BlackRock Inc. increased its position in shares of UFP Technologies by 10.0% during the 2nd quarter. BlackRock Inc. now owns 340,836 shares of the industrial products company’s stock worth $10,515,000 after purchasing an additional 30,967 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of UFP Technologies by 11.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 246,654 shares of the industrial products company’s stock worth $7,610,000 after purchasing an additional 24,376 shares in the last quarter. Institutional investors and hedge funds own 70.61% of the company’s stock.
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.
Further Reading: Quiet Period
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