UFP Technologies (NASDAQ:UFPT) Issues Earnings Results

UFP Technologies (NASDAQ:UFPT) posted its quarterly earnings results on Tuesday. The industrial products company reported $2.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.26 by $0.18, FiscalAI reports. The company had revenue of $148.92 million during the quarter, compared to the consensus estimate of $149.07 million. UFP Technologies had a net margin of 11.23% and a return on equity of 20.45%.

UFP Technologies Trading Down 0.5%

Shares of UFP Technologies stock traded down $1.22 during trading hours on Tuesday, hitting $240.57. The company’s stock had a trading volume of 205,831 shares, compared to its average volume of 169,870. The company has a quick ratio of 1.36, a current ratio of 2.41 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $1.85 billion, a PE ratio of 27.88 and a beta of 1.11. The business has a fifty day moving average of $246.26 and a 200 day moving average of $222.80. UFP Technologies has a 1-year low of $178.26 and a 1-year high of $275.51.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Wasatch Advisors LP boosted its stake in UFP Technologies by 14.6% during the 4th quarter. Wasatch Advisors LP now owns 736,027 shares of the industrial products company’s stock valued at $163,420,000 after purchasing an additional 93,640 shares during the period. Millennium Management LLC raised its stake in shares of UFP Technologies by 123.1% in the 1st quarter. Millennium Management LLC now owns 93,773 shares of the industrial products company’s stock worth $18,915,000 after buying an additional 51,741 shares in the last quarter. UBS Group AG boosted its stake in UFP Technologies by 41.8% during the third quarter. UBS Group AG now owns 154,688 shares of the industrial products company’s stock valued at $30,876,000 after buying an additional 45,581 shares in the last quarter. Janus Henderson Group PLC grew its holdings in UFP Technologies by 128.5% during the fourth quarter. Janus Henderson Group PLC now owns 79,391 shares of the industrial products company’s stock worth $17,616,000 after acquiring an additional 44,645 shares during the period. Finally, Cubist Systematic Strategies LLC raised its position in UFP Technologies by 254.5% in the second quarter. Cubist Systematic Strategies LLC now owns 53,442 shares of the industrial products company’s stock worth $13,048,000 after acquiring an additional 38,366 shares in the last quarter. 87.28% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Wall Street Zen downgraded UFP Technologies from a “hold” rating to a “sell” rating in a research report on Friday, November 28th. Zacks Research upgraded UFP Technologies from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 14th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, UFP Technologies has an average rating of “Hold” and a consensus price target of $289.00.

About UFP Technologies

UFP Technologies, Inc (NASDAQ: UFPT) is a global designer and manufacturer of custom-engineered products using plastics, foams and adhesives. The company partners with customers to develop application-specific solutions through a range of in-house processes, including foam fabrication, die cutting, sheet processing, lamination, machining and assembly services. Its components find use in industries requiring precise material properties, such as medical devices, aerospace, defense, electronics and transportation.

Building on its origins as a specialty foam converter, UFP Technologies has expanded its capabilities to include advanced material technologies, such as thermal management and electromagnetic interference (EMI) shielding solutions.