UFP Technologies, Inc. (NASDAQ:UFPT) has received a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy recommendation.
Brokerages have set a 12-month consensus price objective of $54.00 for the company and are expecting that the company will post $0.60 EPS for the current quarter, according to Zacks. Zacks has also given UFP Technologies an industry rank of 177 out of 255 based on the ratings given to its competitors.
UFPT has been the topic of several analyst reports. Zacks Investment Research downgraded shares of UFP Technologies from a “buy” rating to a “hold” rating in a report on Friday. BidaskClub raised shares of UFP Technologies from a “sell” rating to a “hold” rating in a report on Thursday, November 21st. Finally, ValuEngine raised shares of UFP Technologies from a “sell” rating to a “hold” rating in a report on Wednesday, October 30th.
In other UFP Technologies news, Director Marc D. Kozin sold 2,610 shares of UFP Technologies stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $39.92, for a total transaction of $104,191.20. Following the transaction, the director now owns 34,176 shares of the company’s stock, valued at $1,364,305.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO R Jeffrey Bailly sold 42,941 shares of UFP Technologies stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $45.14, for a total transaction of $1,938,356.74. Following the transaction, the chief executive officer now directly owns 431,972 shares in the company, valued at approximately $19,499,216.08. The disclosure for this sale can be found here. Insiders have sold 58,297 shares of company stock worth $2,592,590 in the last ninety days. Insiders own 11.00% of the company’s stock.
A number of large investors have recently modified their holdings of the business. Tower Research Capital LLC TRC purchased a new position in shares of UFP Technologies in the third quarter worth $48,000. Metropolitan Life Insurance Co NY purchased a new position in shares of UFP Technologies in the third quarter worth $90,000. Hillsdale Investment Management Inc. lifted its holdings in shares of UFP Technologies by 335.7% in the second quarter. Hillsdale Investment Management Inc. now owns 3,050 shares of the industrial products company’s stock worth $127,000 after buying an additional 2,350 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of UFP Technologies in the third quarter worth $146,000. Finally, Squarepoint Ops LLC lifted its holdings in shares of UFP Technologies by 15.4% in the third quarter. Squarepoint Ops LLC now owns 6,231 shares of the industrial products company’s stock worth $241,000 after buying an additional 831 shares in the last quarter. 72.12% of the stock is currently owned by institutional investors and hedge funds.
Shares of UFPT traded down $0.42 on Monday, reaching $45.93. The company’s stock had a trading volume of 77,900 shares, compared to its average volume of 23,762. The company has a debt-to-equity ratio of 0.09, a current ratio of 3.00 and a quick ratio of 2.10. The stock has a market capitalization of $344.71 million, a P/E ratio of 21.87 and a beta of 0.63. The stock’s 50 day simple moving average is $42.54 and its two-hundred day simple moving average is $40.97. UFP Technologies has a 12-month low of $27.80 and a 12-month high of $47.46.
About UFP Technologies
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. It offers single patient use surfaces, advanced wound care, infection prevention, and disposables for surgical procedures, endoscopic procedures, orthopedic implants, orthopedic appliances, biopharma drug manufacturing, etc.; molded components automotive, aerospace, and defense markets; recycled protective packaging for B2C brands; and reusable cases and custom inserts.
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