Symeria Hudson Sells 1,926 Shares of UFP Technologies (NASDAQ:UFPT) Stock

UFP Technologies, Inc. (NASDAQ:UFPT) Director Symeria Hudson sold 1,926 shares of the business’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $324.58, for a total transaction of $625,141.08. Following the completion of the transaction, the director directly owned 1,225 shares of the company’s stock, valued at $397,610.50. The trade was a 61.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

UFP Technologies Price Performance

UFP Technologies stock opened at $313.99 on Wednesday. UFP Technologies, Inc. has a 12-month low of $173.86 and a 12-month high of $338.71. The firm’s 50-day moving average is $263.98 and its two-hundred day moving average is $233.23. The stock has a market capitalization of $2.43 billion, a P/E ratio of 33.84 and a beta of 1.08. The company has a debt-to-equity ratio of 0.26, a current ratio of 3.00 and a quick ratio of 1.72.

UFP Technologies (NASDAQ:UFPT) last released its earnings results on Monday, August 3rd. The industrial products company reported $2.92 EPS for the quarter, topping the consensus estimate of $2.31 by $0.61. The firm had revenue of $173.96 million during the quarter, compared to analysts’ expectations of $159.38 million. UFP Technologies had a net margin of 11.45% and a return on equity of 18.42%. Equities analysts predict that UFP Technologies, Inc. will post 10.54 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on UFPT. Wall Street Zen upgraded UFP Technologies from a “hold” rating to a “buy” rating in a report 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 equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold”.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Rice Hall James & Associates LLC increased its stake in UFP Technologies by 110.0% during the 1st quarter. Rice Hall James & Associates LLC now owns 21,211 shares of the industrial products company’s stock worth $4,106,000 after buying an additional 11,111 shares during the period. UBS Group AG lifted its holdings in UFP Technologies by 22.4% in the 4th quarter. UBS Group AG now owns 189,403 shares of the industrial products company’s stock worth $42,053,000 after buying an additional 34,715 shares in the last quarter. Maridea Wealth Management LLC purchased a new position in UFP Technologies in the 1st quarter valued at about $1,465,000. Isthmus Partners LLC purchased a new position in UFP Technologies in the 1st quarter valued at about $1,679,000. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of UFP Technologies during the first quarter valued at about $953,000. 87.28% of the stock is owned by hedge funds and other institutional investors.

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.