UFP Technologies (NASDAQ:UFPT) Director Daniel Croteau Sells 2,864 Shares

UFP Technologies, Inc. (NASDAQ:UFPT) Director Daniel Croteau sold 2,864 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $221.71, for a total value of $634,977.44. Following the transaction, the director owned 855 shares in the company, valued at approximately $189,562.05. This represents a 77.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

UFP Technologies Stock Down 0.6%

Shares of NASDAQ UFPT opened at $219.23 on Thursday. The firm has a market cap of $1.70 billion, a price-to-earnings ratio of 24.88 and a beta of 1.08. The company has a quick ratio of 1.69, a current ratio of 2.91 and a debt-to-equity ratio of 0.32. UFP Technologies, Inc. has a 52-week low of $173.86 and a 52-week high of $274.93. The business’s 50 day moving average is $201.18 and its two-hundred day moving average is $222.13.

UFP Technologies (NASDAQ:UFPT) last announced 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. UFP Technologies had a return on equity of 18.47% and a net margin of 11.27%.The company had revenue of $154.20 million for the quarter, compared to analyst estimates of $154.78 million. During the same quarter in the previous year, the company earned $2.47 earnings per share. The firm’s quarterly revenue was up 4.1% compared to the same quarter last year. Research analysts predict that UFP Technologies, Inc. will post 10.23 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Wall Street Zen raised UFP Technologies from a “sell” rating to a “hold” rating in a report on Saturday, March 28th. Zacks Research raised UFP Technologies from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 14th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, UFP Technologies presently has an average rating of “Hold” and a consensus target price of $289.00.

Institutional Investors Weigh In On UFP Technologies

Several hedge funds have recently made changes to their positions in UFPT. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in UFP Technologies by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,327 shares of the industrial products company’s stock valued at $873,000 after purchasing an additional 190 shares during the period. Millennium Management LLC lifted its position in UFP Technologies by 123.1% in the first quarter. Millennium Management LLC now owns 93,773 shares of the industrial products company’s stock valued at $18,915,000 after purchasing an additional 51,741 shares during the period. Jones Financial Companies Lllp acquired a new stake in UFP Technologies in the first quarter valued at about $172,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in UFP Technologies by 11.5% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 12,856 shares of the industrial products company’s stock valued at $2,593,000 after purchasing an additional 1,327 shares during the period. Finally, Jane Street Group LLC lifted its position in UFP Technologies by 383.0% in the first quarter. Jane Street Group LLC now owns 23,605 shares of the industrial products company’s stock valued at $4,761,000 after purchasing an additional 18,718 shares during the period. Institutional investors and hedge funds own 87.28% of the company’s stock.

UFP Technologies Company Profile

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.