UFP Technologies (NASDAQ:UFPT) Director Cynthia Feldmann Sells 1,200 Shares of Stock

UFP Technologies, Inc. (NASDAQ:UFPT) Director Cynthia Feldmann sold 1,200 shares of the company’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $239.29, for a total transaction of $287,148.00. Following the completion of the sale, the director directly owned 5,476 shares in the company, valued at approximately $1,310,352.04. The trade was a 17.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

UFP Technologies Stock Down 0.5%

Shares of UFPT stock opened at $233.66 on Tuesday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.69 and a current ratio of 2.91. The firm’s 50-day moving average is $213.32 and its 200-day moving average is $223.41. The stock has a market cap of $1.81 billion, a price-to-earnings ratio of 26.52 and a beta of 1.11. UFP Technologies, Inc. has a 52-week low of $173.86 and a 52-week high of $274.93.

UFP Technologies (NASDAQ:UFPT) last issued its earnings results on Monday, May 4th. The industrial products company reported $2.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.18 by $0.30. The company had revenue of $154.20 million for the quarter, compared to analysts’ expectations of $154.78 million. UFP Technologies had a net margin of 11.27% and a return on equity of 18.47%. UFP Technologies’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.47 EPS. Sell-side analysts predict that UFP Technologies, Inc. will post 10.23 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Weiss Ratings restated a “hold (c)” rating on shares of UFP Technologies in a research note on Friday, May 29th. Wall Street Zen upgraded UFP Technologies from a “sell” rating to a “hold” rating in a research note on Saturday, March 28th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $289.00.

Institutional Investors Weigh In On UFP Technologies

Hedge funds have recently bought and sold shares of the stock. Global Retirement Partners LLC acquired a new stake in UFP Technologies during the fourth quarter worth approximately $28,000. Smartleaf Asset Management LLC lifted its position in UFP Technologies by 1,500.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 176 shares of the industrial products company’s stock worth $41,000 after acquiring an additional 165 shares during the last quarter. Canada Pension Plan Investment Board acquired a new stake in UFP Technologies during the second quarter worth approximately $49,000. Caitong International Asset Management Co. Ltd acquired a new stake in UFP Technologies during the third quarter worth approximately $51,000. Finally, PNC Financial Services Group Inc. lifted its position in UFP Technologies by 66.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 236 shares of the industrial products company’s stock worth $52,000 after acquiring an additional 94 shares during the last quarter. 87.28% of the stock is currently owned by institutional investors and hedge funds.

About UFP Technologies

UFP Technologies, Inc (NASDAQ: UFPT) is a global designer and manufacturer of custom-engineered products using plastics, foams and adhesives. The company partners with customers to develop application-specific solutions through a range of in-house processes, including foam fabrication, die cutting, sheet processing, lamination, machining and assembly services. Its components find use in industries requiring precise material properties, such as medical devices, aerospace, defense, electronics and transportation.

Building on its origins as a specialty foam converter, UFP Technologies has expanded its capabilities to include advanced material technologies, such as thermal management and electromagnetic interference (EMI) shielding solutions.