UFP Technologies (NASDAQ:UFPT) PT Raised to $300.00

UFP Technologies (NASDAQ:UFPT) had its target price increased by Lake Street Capital from $270.00 to $300.00 in a report published on Friday, Benzinga reports. Lake Street Capital currently has a buy rating on the industrial products company’s stock.

Separately, CJS Securities assumed coverage on shares of UFP Technologies in a research report on Wednesday, March 20th. They set an outperform rating and a $255.00 price objective on the stock.

UFP Technologies Trading Up 9.6 %

Shares of UFP Technologies stock opened at $289.09 on Friday. UFP Technologies has a 1 year low of $127.29 and a 1 year high of $290.13. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.46 and a current ratio of 2.87. The company has a market capitalization of $2.22 billion, a P/E ratio of 46.48 and a beta of 0.95. The company’s fifty day moving average is $251.98 and its two-hundred day moving average is $216.05.

UFP Technologies (NASDAQ:UFPT) last issued its quarterly earnings data on Wednesday, May 1st. The industrial products company reported $1.66 earnings per share (EPS) for the quarter. UFP Technologies had a net margin of 11.75% and a return on equity of 17.40%. The company had revenue of $105.01 million for the quarter.

Institutional Trading of UFP Technologies

Several hedge funds and other institutional investors have recently made changes to their positions in UFPT. Charles Schwab Investment Management Inc. boosted its holdings in shares of UFP Technologies by 193.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 57,070 shares of the industrial products company’s stock valued at $9,214,000 after acquiring an additional 37,590 shares in the last quarter. Deutsche Bank AG boosted its holdings in shares of UFP Technologies by 19.3% in the third quarter. Deutsche Bank AG now owns 3,594 shares of the industrial products company’s stock valued at $580,000 after acquiring an additional 581 shares in the last quarter. Rhumbline Advisers boosted its holdings in shares of UFP Technologies by 1.6% in the third quarter. Rhumbline Advisers now owns 21,003 shares of the industrial products company’s stock valued at $3,391,000 after acquiring an additional 338 shares in the last quarter. Gotham Asset Management LLC boosted its holdings in shares of UFP Technologies by 33.1% in the third quarter. Gotham Asset Management LLC now owns 5,792 shares of the industrial products company’s stock valued at $935,000 after acquiring an additional 1,441 shares in the last quarter. Finally, Lazard Asset Management LLC boosted its holdings in shares of UFP Technologies by 28.4% in the third quarter. Lazard Asset Management LLC now owns 2,165 shares of the industrial products company’s stock valued at $348,000 after acquiring an additional 479 shares in the last quarter. Hedge funds and other institutional investors own 87.28% of the company’s stock.

UFP Technologies Company Profile

UFP Technologies, Inc designs and manufactures solutions for medical devices, sterile packaging, and other highly engineered custom products. The company offers protective drapes for robotic surgery, single patient use surfaces, advanced wound care, infection prevention, disposables for surgical and endoscopic procedures, packaging for medical devices, orthopedic implants, biopharma drug manufacturing, and coils for catheters; and molded components for applications in acoustic insulation, interior trim, load floors, sunshades, SUV cargo cover handles, driveshaft damping, engine and manifold covers, quarter panels, and wheel liners.