Shares of UFP Technologies, Inc. (NASDAQ:UFPT) have been assigned an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.

Analysts have set a one year consensus price objective 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 assigned UFP Technologies an industry rank of 72 out of 265 based on the ratings given to its competitors.

Separately, Zacks Investment Research downgraded UFP Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, October 25th.

Shares of UFP Technologies (NASDAQ:UFPT) traded up $0.85 during midday trading on Wednesday, reaching $27.55. The company’s stock had a trading volume of 12,700 shares, compared to its average volume of 21,617. UFP Technologies has a 1-year low of $22.95 and a 1-year high of $31.50. The company has a market capitalization of $191.50, a price-to-earnings ratio of 24.17 and a beta of 0.18.

UFP Technologies (NASDAQ:UFPT) last posted its earnings results on Thursday, November 2nd. The industrial products company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.13). The company had revenue of $35.68 million for the quarter, compared to analysts’ expectations of $38.70 million. UFP Technologies had a return on equity of 6.83% and a net margin of 5.43%. research analysts anticipate that UFP Technologies will post 1.12 EPS for the current year.

Several large investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP lifted its position in shares of UFP Technologies by 13.2% during the third quarter. Dimensional Fund Advisors LP now owns 168,432 shares of the industrial products company’s stock worth $4,733,000 after acquiring an additional 19,602 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of UFP Technologies by 44.7% during the third quarter. Wells Fargo & Company MN now owns 8,957 shares of the industrial products company’s stock worth $252,000 after acquiring an additional 2,766 shares in the last quarter. Macquarie Group Ltd. purchased a new stake in shares of UFP Technologies during the third quarter worth $128,000. Quantum Capital Management purchased a new stake in shares of UFP Technologies during the third quarter worth $983,000. Finally, Bank of New York Mellon Corp lifted its position in shares of UFP Technologies by 11.5% during the third quarter. Bank of New York Mellon Corp now owns 48,603 shares of the industrial products company’s stock worth $1,365,000 after acquiring an additional 4,994 shares in the last quarter. Hedge funds and other institutional investors own 69.10% of the company’s stock.

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About UFP Technologies

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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