Analysts Expect UFP Technologies, Inc. (UFPT) to Announce $0.23 EPS

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

Analysts have set a twelve-month consensus price objective of $30.00 for the company and are anticipating that the company will post $0.23 EPS for the current quarter, according to Zacks. Zacks has also given UFP Technologies an industry rank of 72 out of 265 based on the ratings given to its competitors.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Teachers Advisors LLC raised its stake in UFP Technologies by 2.1% during the second quarter. Teachers Advisors LLC now owns 11,190 shares of the industrial products company’s stock worth $317,000 after buying an additional 226 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in UFP Technologies by 21.5% during the second quarter. The Manufacturers Life Insurance Company now owns 6,998 shares of the industrial products company’s stock worth $198,000 after buying an additional 1,237 shares during the last quarter. Wells Fargo & Company MN raised its stake in UFP Technologies by 19.8% during the fourth quarter. Wells Fargo & Company MN now owns 10,730 shares of the industrial products company’s stock worth $299,000 after buying an additional 1,773 shares during the last quarter. Schwab Charles Investment Management Inc. increased its stake in UFP Technologies by 20.2% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 11,900 shares of the industrial products company’s stock valued at $331,000 after purchasing an additional 2,000 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in UFP Technologies by 4.9% in the second quarter. Bank of New York Mellon Corp now owns 43,609 shares of the industrial products company’s stock valued at $1,234,000 after purchasing an additional 2,025 shares in the last quarter. 68.41% of the stock is owned by institutional investors and hedge funds.

UFP Technologies (NASDAQ UFPT) opened at $28.60 on Wednesday. UFP Technologies has a 52 week low of $23.55 and a 52 week high of $31.50. The firm has a market cap of $206.76, a price-to-earnings ratio of 26.10 and a beta of 0.13.

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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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