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

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

UFP Technologies Stock Performance

Shares of UFPT opened at $220.94 on Friday. The stock has a 50 day moving average of $201.54 and a 200 day moving average of $222.27. The company has a market capitalization of $1.71 billion, a price-to-earnings ratio of 25.08 and a beta of 1.08. UFP Technologies, Inc. has a 12 month low of $173.86 and a 12 month high of $274.93. The company has a current ratio of 2.91, a quick ratio of 1.69 and a debt-to-equity ratio of 0.32.

UFP Technologies (NASDAQ:UFPT) last posted its quarterly earnings data on Monday, May 4th. The industrial products company reported $2.48 earnings per share for the quarter, topping the consensus estimate of $2.18 by $0.30. The business had revenue of $154.20 million for the quarter, compared to analysts’ expectations of $154.78 million. UFP Technologies had a return on equity of 18.47% and a net margin of 11.27%.The business’s revenue was up 4.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.47 earnings per share. As a group, sell-side analysts forecast that UFP Technologies, Inc. will post 10.23 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Thrivent Financial for Lutherans raised its position in shares of UFP Technologies by 892.3% during the 4th quarter. Thrivent Financial for Lutherans now owns 248,125 shares of the industrial products company’s stock valued at $55,091,000 after buying an additional 223,121 shares in the last quarter. Congress Asset Management Co. raised its position in UFP Technologies by 32.4% in the 4th quarter. Congress Asset Management Co. now owns 441,122 shares of the industrial products company’s stock worth $97,942,000 after purchasing an additional 107,908 shares during the period. Wasatch Advisors LP grew its position in UFP Technologies by 14.6% during the 4th quarter. Wasatch Advisors LP now owns 736,027 shares of the industrial products company’s stock worth $163,420,000 after acquiring an additional 93,640 shares during the last quarter. Boston Trust Walden Corp increased its stake in shares of UFP Technologies by 36.3% in the first quarter. Boston Trust Walden Corp now owns 317,072 shares of the industrial products company’s stock worth $61,385,000 after buying an additional 84,396 shares during the period. Finally, Geneva Capital Management LLC raised its stake in shares of UFP Technologies by 88.6% during the third quarter. Geneva Capital Management LLC now owns 158,496 shares of the industrial products company’s stock valued at $31,636,000 after acquiring an additional 74,461 shares during the last quarter. 87.28% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded UFP Technologies from a “sell” rating to a “hold” rating in a research note on Saturday, March 28th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $289.00.

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.