Shares of UFP Technologies, Inc. (NASDAQ:UFPT) have earned a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy recommendation.

Brokerages have set a 1 year consensus price target of $41.00 for the company and are anticipating that the company will post $0.40 EPS for the current quarter, according to Zacks. Zacks has also assigned UFP Technologies an industry rank of 176 out of 255 based on the ratings given to related companies.

A number of research analysts have recently issued reports on UFPT shares. BidaskClub raised UFP Technologies from a “sell” rating to a “hold” rating in a research note on Tuesday, March 26th. Zacks Investment Research downgraded UFP Technologies from a “hold” rating to a “strong sell” rating in a research note on Thursday, March 28th.

In other news, VP Mitchell Rock sold 17,099 shares of the business’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $32.94, for a total value of $563,241.06. Following the transaction, the vice president now directly owns 25,506 shares of the company’s stock, valued at approximately $840,167.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 12.30% of the stock is owned by insiders.

A number of hedge funds have recently bought and sold shares of the stock. Metropolitan Life Insurance Co. NY acquired a new position in UFP Technologies during the 4th quarter worth approximately $70,000. Rhumbline Advisers raised its stake in UFP Technologies by 44.9% during the 4th quarter. Rhumbline Advisers now owns 9,049 shares of the industrial products company’s stock worth $272,000 after buying an additional 2,805 shares during the period. Ramsey Quantitative Systems raised its stake in UFP Technologies by 104.4% during the 4th quarter. Ramsey Quantitative Systems now owns 6,137 shares of the industrial products company’s stock worth $184,000 after buying an additional 3,135 shares during the period. MetLife Investment Advisors LLC acquired a new position in UFP Technologies during the 4th quarter worth approximately $95,000. Finally, Geode Capital Management LLC raised its stake in UFP Technologies by 6.0% during the 4th quarter. Geode Capital Management LLC now owns 66,693 shares of the industrial products company’s stock worth $2,003,000 after buying an additional 3,765 shares during the period. 70.21% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ:UFPT opened at $36.55 on Monday. The stock has a market capitalization of $266.76 million, a PE ratio of 17.35 and a beta of 0.50. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.75 and a current ratio of 2.69. UFP Technologies has a 1 year low of $27.80 and a 1 year high of $39.98.

UFP Technologies (NASDAQ:UFPT) last announced its quarterly earnings data on Wednesday, March 6th. The industrial products company reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.01. The company had revenue of $50.70 million for the quarter, compared to the consensus estimate of $48.00 million. UFP Technologies had a return on equity of 11.67% and a net margin of 7.51%. On average, equities research analysts forecast that UFP Technologies will post 2.13 EPS for the current fiscal year.

About UFP Technologies

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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