UFP Technologies (NASDAQ:UFPT) Reaches New 12-Month High – Time to Buy?

UFP Technologies, Inc. (NASDAQ:UFPT)’s share price hit a new 52-week high during trading on Wednesday . The company traded as high as $275.20 and last traded at $273.67, with a volume of 121326 shares traded. The stock had previously closed at $265.13.

Analyst Ratings Changes

UFPT has been the subject of several recent analyst reports. Wall Street Zen upgraded shares of UFP Technologies from a “sell” rating to a “hold” rating in a research report on Saturday, March 28th. Weiss Ratings restated a “hold (c)” rating on shares of UFP Technologies in a research note on Friday, May 29th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $289.00.

UFP Technologies Price Performance

The company has a debt-to-equity ratio of 0.32, a current ratio of 2.91 and a quick ratio of 1.69. The company has a 50 day moving average price of $226.55 and a 200 day moving average price of $226.15. The firm has a market cap of $2.11 billion, a PE ratio of 30.91 and a beta of 1.07.

UFP Technologies (NASDAQ:UFPT) last announced its quarterly earnings data on Monday, May 4th. The industrial products company reported $2.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.18 by $0.30. The company had revenue of $154.20 million for the quarter, compared to analysts’ expectations of $154.78 million. UFP Technologies had a net margin of 11.27% and a return on equity of 18.47%. UFP Technologies’s revenue was up 4.1% compared to the same quarter last year. During the same period in the previous year, the company posted $2.47 EPS. Sell-side analysts expect that UFP Technologies, Inc. will post 10.23 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Daniel C. Croteau sold 2,864 shares of UFP Technologies stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $221.71, for a total value of $634,977.44. Following the sale, the director directly owned 855 shares in the company, valued at $189,562.05. The trade was a 77.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Cynthia L. Feldmann sold 1,200 shares of the company’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $239.29, for a total value of $287,148.00. Following the transaction, the director directly owned 5,476 shares in the company, valued at $1,310,352.04. This represents a 17.97% decrease in their position. The disclosure for this sale is available in the SEC filing. 4.59% of the stock is currently owned by insiders.

Institutional Investors Weigh In On UFP Technologies

Several institutional investors have recently made changes to their positions in the stock. Global Retirement Partners LLC acquired a new stake in shares of UFP Technologies in the fourth quarter valued at about $28,000. Smartleaf Asset Management LLC grew its position in UFP Technologies by 1,500.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 176 shares of the industrial products company’s stock worth $41,000 after buying an additional 165 shares during the period. Versant Capital Management Inc increased its holdings in UFP Technologies by 1,291.7% in the second quarter. Versant Capital Management Inc now owns 167 shares of the industrial products company’s stock valued at $44,000 after buying an additional 155 shares in the last quarter. Canada Pension Plan Investment Board purchased a new position in UFP Technologies in the second quarter valued at about $49,000. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in shares of UFP Technologies during the 3rd quarter valued at approximately $51,000. 87.28% of the stock is currently owned by hedge funds and other institutional investors.

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.