Shares of UFP Technologies, Inc. (NASDAQ:UFPT) have been assigned an average broker rating score of 1.00 (Strong Buy) from the one analysts that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.

Brokers have set a 1-year consensus target price of $44.00 for the company and are anticipating that the company will post $0.56 earnings per share for the current quarter, according to Zacks. Zacks has also given UFP Technologies an industry rank of 18 out of 256 based on the ratings given to related companies.

A number of equities research analysts recently commented on the stock. BidaskClub cut shares of Virtu Financial from a “sell” rating to a “strong sell” rating in a report on Wednesday, June 12th. Zacks Investment Research raised shares of HB Fuller from a “sell” rating to a “hold” rating in a report on Tuesday, June 11th. Finally, ValuEngine raised shares of VESTAS WIND SYS/ADR from a “hold” rating to a “buy” rating in a report on Thursday, May 9th.

In related news, insider R Jeffrey Bailly sold 7,680 shares of UFP Technologies stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $38.70, for a total value of $297,216.00. Following the sale, the insider now owns 495,722 shares of the company’s stock, valued at approximately $19,184,441.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 16,219 shares of company stock worth $626,302 in the last ninety days. 11.00% of the stock is currently owned by insiders.

Large investors have recently bought and sold shares of the stock. Rhumbline Advisers raised its holdings in shares of UFP Technologies by 44.9% in the 4th quarter. Rhumbline Advisers now owns 9,049 shares of the industrial products company’s stock worth $272,000 after purchasing an additional 2,805 shares during the period. Cove Street Capital LLC raised its holdings in UFP Technologies by 1.0% during the 1st quarter. Cove Street Capital LLC now owns 720,344 shares of the industrial products company’s stock valued at $26,941,000 after acquiring an additional 7,480 shares during the period. BNP Paribas Arbitrage SA raised its holdings in UFP Technologies by 545.1% during the 1st quarter. BNP Paribas Arbitrage SA now owns 1,387 shares of the industrial products company’s stock valued at $52,000 after acquiring an additional 1,172 shares during the period. Alambic Investment Management L.P. bought a new stake in UFP Technologies during the 1st quarter valued at $253,000. Finally, Dimensional Fund Advisors LP raised its holdings in UFP Technologies by 5.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 278,212 shares of the industrial products company’s stock valued at $8,358,000 after acquiring an additional 13,642 shares during the period. 70.73% of the stock is currently owned by institutional investors.

Shares of NASDAQ UFPT traded down $0.13 during midday trading on Thursday, reaching $40.12. The company’s stock had a trading volume of 12,400 shares, compared to its average volume of 23,186. UFP Technologies has a 12-month low of $27.80 and a 12-month high of $42.87. The firm has a 50 day moving average price of $39.60. The firm has a market cap of $310.53 million, a PE ratio of 19.10 and a beta of 0.53. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.90 and a quick ratio of 1.88.

UFP Technologies (NASDAQ:UFPT) last announced its earnings results on Tuesday, May 7th. The industrial products company reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.10. UFP Technologies had a return on equity of 11.79% and a net margin of 8.35%. The firm had revenue of $47.33 million for the quarter, compared to the consensus estimate of $45.10 million. On average, equities analysts anticipate that UFP Technologies will post 2.22 EPS for the current fiscal year.

UFP Technologies Company Profile

UFP Technologies, Inc designs and converts foams, plastics, composites, and natural fiber materials for the medical, automotive, consumer, electronics, industrial, and aerospace and defense markets in the United States. It offers single patient use surfaces, advanced wound care, infection prevention, and disposables for surgical procedures, endoscopic procedures, orthopedic implants, orthopedic appliances, biopharma drug manufacturing, etc.; molded components automotive, aerospace, and defense markets; recycled protective packaging for B2C brands; and reusable cases and custom inserts.

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