Symeria Hudson Sells 298 Shares of UFP Technologies (NASDAQ:UFPT) Stock

UFP Technologies, Inc. (NASDAQ:UFPT) Director Symeria Hudson sold 298 shares of the firm’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $319.11, for a total value of $95,094.78. Following the sale, the director directly owned 927 shares of the company’s stock, valued at $295,814.97. This trade represents a 24.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Symeria Hudson also recently made the following trade(s):

• On Friday, August 14th, Symeria Hudson sold 1,926 shares of UFP Technologies stock. The shares were sold at an average price of $324.58, for a total value of $625,141.08.

UFP Technologies Trading Down 2.7%

Shares of NASDAQ UFPT opened at $304.25 on Friday. The business has a 50 day simple moving average of $266.90 and a 200 day simple moving average of $234.07. UFP Technologies, Inc. has a 52 week low of $173.86 and a 52 week high of $338.71. The stock has a market cap of $2.36 billion, a price-to-earnings ratio of 32.79 and a beta of 1.08. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.72 and a current ratio of 3.00.

UFP Technologies (NASDAQ:UFPT) last issued its quarterly earnings data on Monday, August 3rd. The industrial products company reported $2.92 earnings per share for the quarter, beating the consensus estimate of $2.31 by $0.61. The firm had revenue of $173.96 million for the quarter, compared to analyst estimates of $159.38 million. UFP Technologies had a net margin of 11.45% and a return on equity of 18.42%. On average, research analysts predict that UFP Technologies, Inc. will post 10.54 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Wall Street Zen raised shares of UFP Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Weiss Ratings raised shares of UFP Technologies from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, August 5th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold”.

Institutional Investors Weigh In On UFP Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Global Retirement Partners LLC acquired a new position in UFP Technologies during the fourth quarter valued at approximately $28,000. Silvant Capital Management LLC bought a new position in shares of UFP Technologies in the second quarter valued at approximately $29,000. Transamerica Financial Advisors LLC bought a new position in shares of UFP Technologies in the second quarter valued at approximately $32,000. Smartleaf Asset Management LLC lifted its stake in shares of UFP Technologies by 1,500.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 176 shares of the industrial products company’s stock worth $41,000 after buying an additional 165 shares during the last quarter. Finally, Versant Capital Management Inc lifted its stake in shares of UFP Technologies by 1,291.7% in the second quarter. Versant Capital Management Inc now owns 167 shares of the industrial products company’s stock worth $44,000 after buying an additional 155 shares during the last quarter. 87.28% of the stock is currently owned by institutional investors and hedge funds.

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.