UFP Technologies (NASDAQ:UFPT) Director Marc Kozin Sells 7,000 Shares

UFP Technologies, Inc. (NASDAQ:UFPT) Director Marc Kozin sold 7,000 shares of the business’s stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $304.50, for a total transaction of $2,131,500.00. Following the transaction, the director owned 21,112 shares of the company’s stock, valued at $6,428,604. This represents a 24.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

UFP Technologies Price Performance

NASDAQ:UFPT opened at $299.95 on Friday. The firm’s fifty day moving average is $274.01 and its two-hundred day moving average is $235.74. The firm has a market cap of $2.32 billion, a price-to-earnings ratio of 32.32 and a beta of 1.08. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.72 and a current ratio of 3.00. UFP Technologies, Inc. has a one year low of $173.86 and a one year high of $338.71.

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Rice Hall James & Associates LLC increased its stake in shares of UFP Technologies by 110.0% in the 1st quarter. Rice Hall James & Associates LLC now owns 21,211 shares of the industrial products company’s stock valued at $4,106,000 after purchasing an additional 11,111 shares in the last quarter. UBS Group AG raised its holdings in UFP Technologies by 22.4% in the 4th quarter. UBS Group AG now owns 189,403 shares of the industrial products company’s stock worth $42,053,000 after purchasing an additional 34,715 shares during the period. De Lisle Partners LLP purchased a new position in UFP Technologies during the second quarter worth approximately $19,677,000. Diamond Hill Capital Management LLC Investment Advisor purchased a new position in UFP Technologies during the second quarter worth approximately $14,629,000. Finally, Maridea Wealth Management LLC acquired a new stake in UFP Technologies in the first quarter valued at approximately $1,465,000. Institutional investors and hedge funds own 87.28% of the company’s stock.

Analysts Set New Price Targets

UFPT has been the subject of several recent research reports. Weiss Ratings upgraded UFP Technologies from a “hold (c)” rating to a “hold (c+)” rating in a research 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 equities research analysts have rated the stock with a Hold rating, According to MarketBeat, UFP Technologies currently has an average 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.