UFP Technologies (NASDAQ:UFPT) Reaches New 1-Year High at $250.69

Shares of UFP Technologies, Inc. (NASDAQ:UFPT) reached a new 52-week high on Wednesday . The company traded as high as $250.69 and last traded at $250.69, with a volume of 13660 shares traded. The stock had previously closed at $240.62.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. KeyCorp started coverage on shares of UFP Technologies in a research note on Tuesday, February 6th. They issued a “sector weight” rating for the company. StockNews.com upgraded shares of UFP Technologies from a “sell” rating to a “hold” rating in a research note on Thursday, February 22nd. Finally, CJS Securities initiated coverage on UFP Technologies in a report on Wednesday, March 20th. They set an “outperform” rating and a $255.00 price target for the company.

UFP Technologies Stock Performance

The firm’s fifty day moving average price is $196.15 and its 200-day moving average price is $174.04. The company has a current ratio of 2.48, a quick ratio of 1.28 and a debt-to-equity ratio of 0.10. The firm has a market cap of $1.93 billion, a price-to-earnings ratio of 43.11 and a beta of 0.81.

UFP Technologies (NASDAQ:UFPT) last issued its quarterly earnings data on Wednesday, February 21st. The industrial products company reported $1.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.41. The company had revenue of $101.50 million for the quarter, compared to analyst estimates of $94.80 million. UFP Technologies had a return on equity of 25.48% and a net margin of 11.23%. Analysts expect that UFP Technologies, Inc. will post 6.19 earnings per share for the current year.

Insider Buying and Selling at UFP Technologies

In other news, VP Steve Cardin sold 311 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $196.50, for a total transaction of $61,111.50. Following the transaction, the vice president now directly owns 5,643 shares in the company, valued at $1,108,849.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, VP Steve Cardin sold 311 shares of the stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $196.50, for a total transaction of $61,111.50. Following the completion of the sale, the vice president now owns 5,643 shares in the company, valued at $1,108,849.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Christopher P. Litterio sold 2,000 shares of the business’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $208.65, for a total value of $417,300.00. Following the completion of the transaction, the senior vice president now owns 14,334 shares in the company, valued at approximately $2,990,789.10. The disclosure for this sale can be found here. Over the last quarter, insiders sold 31,125 shares of company stock worth $6,511,420. 7.80% of the stock is owned by insiders.

Institutional Investors Weigh In On UFP Technologies

Hedge funds have recently modified their holdings of the stock. MetLife Investment Management LLC raised its position in UFP Technologies by 57.2% during the 1st quarter. MetLife Investment Management LLC now owns 3,189 shares of the industrial products company’s stock worth $211,000 after buying an additional 1,161 shares during the last quarter. Rothschild & Co. Asset Management US Inc. raised its holdings in UFP Technologies by 0.9% during the first quarter. Rothschild & Co. Asset Management US Inc. now owns 23,735 shares of the industrial products company’s stock worth $1,571,000 after purchasing an additional 211 shares in the last quarter. Loomis Sayles & Co. L P lifted its position in UFP Technologies by 36.0% in the first quarter. Loomis Sayles & Co. L P now owns 108,739 shares of the industrial products company’s stock valued at $7,195,000 after purchasing an additional 28,768 shares during the period. State Street Corp boosted its holdings in UFP Technologies by 8.4% in the 1st quarter. State Street Corp now owns 136,040 shares of the industrial products company’s stock valued at $9,002,000 after purchasing an additional 10,555 shares in the last quarter. Finally, Wellington Management Group LLP increased its position in UFP Technologies by 6.5% during the 1st quarter. Wellington Management Group LLP now owns 219,674 shares of the industrial products company’s stock worth $14,536,000 after purchasing an additional 13,479 shares during the period. 87.28% of the stock is owned by institutional investors and hedge funds.

UFP Technologies Company Profile

UFP Technologies, Inc designs and manufactures solutions for medical devices, sterile packaging, and other highly engineered custom products. The company offers protective drapes for robotic surgery, single patient use surfaces, advanced wound care, infection prevention, disposables for surgical and endoscopic procedures, packaging for medical devices, orthopedic implants, biopharma drug manufacturing, and coils for catheters; and molded components for applications in acoustic insulation, interior trim, load floors, sunshades, SUV cargo cover handles, driveshaft damping, engine and manifold covers, quarter panels, and wheel liners.