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

Brokerages have set a 1-year consensus target price of $41.00 for the company and are expecting that the company will post $0.62 EPS for the current quarter, according to Zacks. Zacks has also given UFP Technologies an industry rank of 226 out of 257 based on the ratings given to its competitors.

Several analysts recently commented on the stock. Zacks Investment Research raised shares of UFP Technologies from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a research note on Saturday, September 1st. Taglich Brothers reissued a “buy” rating on shares of UFP Technologies in a research note on Wednesday, August 29th. ValuEngine raised shares of UFP Technologies from a “hold” rating to a “buy” rating in a research note on Wednesday, August 8th. Finally, BidaskClub raised shares of UFP Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, September 20th.

Shares of NASDAQ:UFPT traded up $0.92 during trading on Tuesday, reaching $37.42. The company had a trading volume of 1,346 shares, compared to its average volume of 15,988. The firm has a market cap of $265.14 million, a P/E ratio of 29.94 and a beta of 0.12. UFP Technologies has a twelve month low of $26.02 and a twelve month high of $39.98. The company has a current ratio of 2.74, a quick ratio of 1.80 and a debt-to-equity ratio of 0.23.

UFP Technologies (NASDAQ:UFPT) last issued its quarterly earnings results on Thursday, November 1st. The industrial products company reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.01. The company had revenue of $47.81 million during the quarter, compared to analyst estimates of $49.80 million. UFP Technologies had a net margin of 7.13% and a return on equity of 10.74%. Equities research analysts forecast that UFP Technologies will post 2.12 EPS for the current year.

In related news, CFO Ronald J. Lataille sold 10,548 shares of the company’s stock in a transaction that occurred on Friday, August 31st. The shares were sold at an average price of $36.04, for a total value of $380,149.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider R Jeffrey Bailly sold 20,941 shares of the company’s stock in a transaction that occurred on Friday, August 31st. The shares were sold at an average price of $35.50, for a total transaction of $743,405.50. Following the completion of the sale, the insider now owns 535,321 shares of the company’s stock, valued at approximately $19,003,895.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 57,319 shares of company stock valued at $2,044,353. 12.30% of the stock is owned by insiders.

Large investors have recently modified their holdings of the stock. Ramsey Quantitative Systems purchased a new stake in shares of UFP Technologies in the 3rd quarter valued at approximately $110,000. Acadian Asset Management LLC increased its stake in UFP Technologies by 137.0% in the 2nd quarter. Acadian Asset Management LLC now owns 7,337 shares of the industrial products company’s stock valued at $227,000 after buying an additional 4,241 shares during the period. Rhumbline Advisers acquired a new position in UFP Technologies in the 3rd quarter valued at approximately $229,000. First Trust Advisors LP acquired a new position in UFP Technologies in the 2nd quarter valued at approximately $231,000. Finally, Quantum Capital Management increased its stake in UFP Technologies by 24.6% in the 2nd quarter. Quantum Capital Management now owns 31,989 shares of the industrial products company’s stock valued at $987,000 after buying an additional 6,312 shares during the period. Institutional investors and hedge funds own 69.01% 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. 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.

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