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

Brokers have set a 12 month consensus price target of $41.00 for the company and are forecasting that the company will post $0.58 earnings per share for the current quarter, according to Zacks. Zacks has also given UFP Technologies an industry rank of 57 out of 256 based on the ratings given to its competitors.

Several brokerages have commented on UFPT. Zacks Investment Research downgraded shares of UFP Technologies from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 31st. ValuEngine upgraded shares of UFP Technologies from a “hold” rating to a “buy” rating in a research report on Friday, November 16th. Finally, BidaskClub downgraded shares of UFP Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, November 28th.

NASDAQ UFPT opened at $31.26 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.74 and a quick ratio of 1.80. UFP Technologies has a 1-year low of $26.05 and a 1-year high of $39.98. The company has a market capitalization of $232.40 million, a PE ratio of 25.01 and a beta of 0.37.

UFP Technologies (NASDAQ:UFPT) last released its quarterly earnings results on Thursday, November 1st. The industrial products company reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.01. UFP Technologies had a net margin of 7.13% and a return on equity of 10.74%. The company had revenue of $47.81 million during the quarter, compared to the consensus estimate of $49.80 million. On average, sell-side analysts anticipate that UFP Technologies will post 2.09 earnings per share for the current year.

In other UFP Technologies news, CEO R Jeffrey Bailly sold 2,990 shares of the business’s stock in a transaction that occurred on Wednesday, November 21st. The shares were sold at an average price of $36.69, for a total transaction of $109,703.10. Following the completion of the transaction, the chief executive officer now directly owns 504,813 shares in the company, valued at $18,521,588.97. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Over the last 90 days, insiders have sold 19,602 shares of company stock valued at $717,590. Company insiders own 12.30% of the company’s stock.

Large investors have recently made changes to their positions in the company. Ramsey Quantitative Systems acquired a new position in shares of UFP Technologies during the third quarter worth $110,000. Rhumbline Advisers acquired a new position in shares of UFP Technologies during the third quarter worth $229,000. First Trust Advisors LP acquired a new position in shares of UFP Technologies during the second quarter worth $231,000. Acadian Asset Management LLC increased its holdings in shares of UFP Technologies by 62.0% during the third quarter. Acadian Asset Management LLC now owns 11,889 shares of the industrial products company’s stock worth $437,000 after buying an additional 4,552 shares in the last quarter. Finally, Quantum Capital Management increased its holdings in shares of UFP Technologies by 24.6% during the second quarter. Quantum Capital Management now owns 31,989 shares of the industrial products company’s stock worth $987,000 after buying an additional 6,312 shares in the last quarter. Institutional investors own 70.61% of the company’s stock.

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. The company offers medical devices and components, disposable wound care components, automotive interior trims, athletic paddings, abrasive nail files and other beauty aids, air filtration products, high-temperature insulations, military uniform and gear components, and cushion packaging products.

Further Reading: What is a Fiduciary?

Get a free copy of the Zacks research report on UFP Technologies (UFPT)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for UFP Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for UFP Technologies and related companies with MarketBeat.com's FREE daily email newsletter.