Cynthia Feldmann Sells 1,000 Shares of UFP Technologies (NASDAQ:UFPT) Stock

UFP Technologies, Inc. (NASDAQ:UFPT) Director Cynthia Feldmann sold 1,000 shares of the company’s stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $324.26, for a total transaction of $324,260.00. Following the sale, the director directly owned 4,476 shares in the company, valued at approximately $1,451,387.76. This trade represents a 18.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

UFP Technologies Price Performance

Shares of NASDAQ:UFPT opened at $313.99 on Wednesday. The firm has a market capitalization of $2.43 billion, a PE ratio of 33.84 and a beta of 1.08. The company has a quick ratio of 1.72, a current ratio of 3.00 and a debt-to-equity ratio of 0.26. The company has a 50-day moving average price of $263.98 and a two-hundred day moving average price of $233.23. UFP Technologies, Inc. has a twelve month low of $173.86 and a twelve month high of $338.71.

UFP Technologies (NASDAQ:UFPT) last posted its quarterly earnings results on Monday, August 3rd. The industrial products company reported $2.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.31 by $0.61. The company had revenue of $173.96 million for the quarter, compared to analyst estimates of $159.38 million. UFP Technologies had a net margin of 11.45% and a return on equity of 18.42%. Equities analysts forecast that UFP Technologies, Inc. will post 10.54 EPS for the current year.

Institutional Investors Weigh In On UFP Technologies

A number of institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. purchased a new stake in UFP Technologies in the 2nd quarter worth approximately $302,622,000. Thrivent Financial for Lutherans grew its position in shares of UFP Technologies by 892.3% during the 4th quarter. Thrivent Financial for Lutherans now owns 248,125 shares of the industrial products company’s stock valued at $55,091,000 after purchasing an additional 223,121 shares in the last quarter. Wasatch Advisors LP grew its position in shares of 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 in the last quarter. Neumeier Poma Investment Counsel LLC bought a new position in shares of UFP Technologies in the second quarter worth $22,423,370,000. Finally, Boston Trust Walden Corp increased its holdings in shares of UFP Technologies by 36.3% in the first quarter. Boston Trust Walden Corp now owns 317,072 shares of the industrial products company’s stock worth $61,385,000 after purchasing an additional 84,396 shares during the period. 87.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Weiss Ratings raised shares of UFP Technologies from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, August 5th. Wall Street Zen upgraded UFP Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, UFP Technologies currently has a consensus rating of “Hold”.

UFP Technologies Company Profile

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.