UFP Technologies (NASDAQ:UFPT) Stock Rating Upgraded by Wall Street Zen

UFP Technologies (NASDAQ:UFPT) was upgraded by investment analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report issued on Saturday.

Separately, Zacks Research raised shares of UFP Technologies from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 14th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, UFP Technologies presently has a consensus rating of “Hold” and a consensus target price of $289.00.

UFP Technologies Price Performance

Shares of NASDAQ UFPT opened at $189.45 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.52 and a current ratio of 2.68. UFP Technologies has a fifty-two week low of $178.26 and a fifty-two week high of $274.93. The stock has a market cap of $1.46 billion, a PE ratio of 21.58 and a beta of 1.13. The stock has a fifty day moving average of $229.80 and a 200-day moving average of $221.28.

UFP Technologies (NASDAQ:UFPT) last issued its quarterly earnings data on Tuesday, February 24th. The industrial products company reported $2.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.26 by $0.18. The business had revenue of $148.92 million for the quarter, compared to analysts’ expectations of $149.07 million. UFP Technologies had a return on equity of 19.36% and a net margin of 11.33%.The firm’s quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.10 EPS.

Institutional Investors Weigh In On UFP Technologies

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Global Retirement Partners LLC purchased a new position in UFP Technologies during the fourth quarter worth about $28,000. Smartleaf Asset Management LLC raised its holdings in shares of UFP Technologies by 1,500.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 176 shares of the industrial products company’s stock valued at $41,000 after acquiring an additional 165 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of UFP Technologies by 179.0% in the 2nd quarter. PNC Financial Services Group Inc. now owns 173 shares of the industrial products company’s stock valued at $42,000 after acquiring an additional 111 shares in the last quarter. Canada Pension Plan Investment Board bought a new stake in shares of UFP Technologies during the 2nd quarter valued at about $49,000. Finally, Caitong International Asset Management Co. Ltd bought a new stake in shares of UFP Technologies during the 3rd quarter valued at about $51,000. Hedge funds and other institutional investors own 87.28% of the company’s stock.

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.