UFP Technologies, Inc. (NASDAQ:UFPT) Given Consensus Recommendation of “Strong Buy” by Analysts

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

Analysts have set a 12 month consensus price objective of $44.00 for the company and are predicting that the company will post $0.57 earnings per share for the current quarter, according to Zacks. Zacks has also assigned UFP Technologies an industry rank of 215 out of 256 based on the ratings given to its competitors.

UFPT has been the subject of a number of recent analyst reports. BidaskClub upgraded shares of UFP Technologies from a “sell” rating to a “hold” rating in a research report on Wednesday, June 12th. ValuEngine lowered shares of UFP Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Finally, Zacks Investment Research lowered shares of UFP Technologies from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 7th.



Shares of UFPT traded up $0.15 during mid-day trading on Friday, reaching $41.19. The stock had a trading volume of 11,562 shares, compared to its average volume of 30,525. The firm has a market cap of $314.14 million, a price-to-earnings ratio of 19.61 and a beta of 0.54. UFP Technologies has a 12 month low of $27.80 and a 12 month high of $46.42. The business has a fifty day moving average of $41.85 and a 200 day moving average of $37.55. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.88 and a current ratio of 2.77.

UFP Technologies (NASDAQ:UFPT) last posted its quarterly earnings results on Tuesday, August 6th. The industrial products company reported $0.62 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.06. The business had revenue of $51.40 million during the quarter, compared to analyst estimates of $51.50 million. UFP Technologies had a net margin of 8.56% and a return on equity of 11.84%. On average, research analysts forecast that UFP Technologies will post 2.22 EPS for the current fiscal year.

In related news, insider R Jeffrey Bailly sold 6,573 shares of the company’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $38.53, for a total transaction of $253,257.69. Following the completion of the transaction, the insider now owns 496,122 shares in the company, valued at $19,115,580.66. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last 90 days, insiders have sold 16,219 shares of company stock valued at $626,302. 11.00% of the stock is owned by company insiders.

Large investors have recently modified their holdings of the stock. Argent Capital Management LLC raised its holdings in UFP Technologies by 18.3% in the 2nd quarter. Argent Capital Management LLC now owns 104,967 shares of the industrial products company’s stock valued at $4,368,000 after buying an additional 16,270 shares during the period. Polar Asset Management Partners Inc. raised its holdings in UFP Technologies by 302.9% in the 2nd quarter. Polar Asset Management Partners Inc. now owns 201,071 shares of the industrial products company’s stock valued at $8,367,000 after buying an additional 151,161 shares during the period. Vanguard Group Inc. raised its holdings in UFP Technologies by 13.9% in the 2nd quarter. Vanguard Group Inc. now owns 391,778 shares of the industrial products company’s stock valued at $16,301,000 after buying an additional 47,901 shares during the period. BlackRock Inc. raised its holdings in UFP Technologies by 17.2% in the 2nd quarter. BlackRock Inc. now owns 419,673 shares of the industrial products company’s stock valued at $17,462,000 after buying an additional 61,634 shares during the period. Finally, Northern Trust Corp raised its holdings in UFP Technologies by 3.1% in the 2nd quarter. Northern Trust Corp now owns 94,224 shares of the industrial products company’s stock valued at $3,921,000 after buying an additional 2,812 shares during the period. Hedge funds and other institutional investors own 74.10% of the company’s stock.

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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