UFP Technologies (NASDAQ:UFPT) Announces Earnings Results

UFP Technologies (NASDAQ:UFPT) posted its quarterly earnings data on Monday. The industrial products company reported $2.92 earnings per share for the quarter, topping analysts’ consensus estimates of $2.31 by $0.61, FiscalAI reports. UFP Technologies had a net margin of 11.45% and a return on equity of 18.86%. The company had revenue of $173.96 million for the quarter, compared to analyst estimates of $159.38 million.

UFP Technologies Stock Performance

UFPT stock opened at $334.84 on Wednesday. The firm has a market cap of $2.59 billion, a price-to-earnings ratio of 38.01 and a beta of 1.08. The firm has a 50-day simple moving average of $244.77 and a two-hundred day simple moving average of $228.91. UFP Technologies has a one year low of $173.86 and a one year high of $338.71. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.69 and a current ratio of 2.91.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of UFP Technologies in a research note on Friday, May 29th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $289.00.

Insider Buying and Selling

In related news, Director Cynthia L. Feldmann sold 1,200 shares of the business’s stock in a transaction that occurred on 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 transaction, the director owned 5,476 shares in the company, valued at $1,310,352.04. The trade was a 17.97% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Daniel C. Croteau sold 2,864 shares of the firm’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $221.71, for a total transaction of $634,977.44. Following the completion of the sale, the director owned 855 shares of the company’s stock, valued at approximately $189,562.05. This trade represents a 77.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 4.59% of the stock is owned by insiders.

Institutional Trading of UFP Technologies

A number of institutional investors have recently made changes to their positions in UFPT. AQR Capital Management LLC increased its position in UFP Technologies by 21.6% during the 4th quarter. AQR Capital Management LLC now owns 1,512 shares of the industrial products company’s stock valued at $336,000 after buying an additional 269 shares in the last quarter. Diversify Advisory Services LLC raised its stake in UFP Technologies by 10.7% in the third quarter. Diversify Advisory Services LLC now owns 1,548 shares of the industrial products company’s stock valued at $308,000 after buying an additional 150 shares during the last quarter. Kestra Advisory Services LLC boosted its holdings in UFP Technologies by 8.1% in the fourth quarter. Kestra Advisory Services LLC now owns 1,316 shares of the industrial products company’s stock worth $292,000 after acquiring an additional 99 shares in the last quarter. Amundi grew its stake in shares of UFP Technologies by 10.4% during the third quarter. Amundi now owns 1,331 shares of the industrial products company’s stock worth $269,000 after acquiring an additional 125 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its stake in shares of UFP Technologies by 131.2% during the second quarter. Tower Research Capital LLC TRC now owns 918 shares of the industrial products company’s stock worth $224,000 after acquiring an additional 521 shares during the last quarter. 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.