UFP Technologies (NASDAQ:UFPT) PT Raised to $392.00 at Lake Street Capital

UFP Technologies (NASDAQ:UFPT) had its price objective lifted by stock analysts at Lake Street Capital from $344.00 to $392.00 in a research note issued to investors on Wednesday, Briefing.com reports. The brokerage currently has a “buy” rating on the industrial products company’s stock. Lake Street Capital’s target price points to a potential upside of 22.76% from the company’s current price.

Separately, CJS Securities started coverage on UFP Technologies in a research report on Wednesday, March 20th. They set an “outperform” rating and a $255.00 price target on the stock.

UFP Technologies Stock Up 2.4 %

UFP Technologies stock opened at $319.33 on Wednesday. The business has a fifty day moving average of $267.04 and a two-hundred day moving average of $225.63. UFP Technologies has a twelve month low of $127.29 and a twelve month high of $321.00. The company has a quick ratio of 1.46, a current ratio of 2.87 and a debt-to-equity ratio of 0.14. The firm has a market cap of $2.45 billion, a P/E ratio of 51.34 and a beta of 0.95.

UFP Technologies (NASDAQ:UFPT) last released its quarterly earnings results on Wednesday, May 1st. The industrial products company reported $1.66 EPS for the quarter. The business had revenue of $105.01 million during the quarter. UFP Technologies had a net margin of 11.75% and a return on equity of 17.40%.

Institutional Trading of UFP Technologies

Several large investors have recently bought and sold shares of UFPT. Congress Asset Management Co. MA grew its holdings in shares of UFP Technologies by 174.1% during the first quarter. Congress Asset Management Co. MA now owns 185,935 shares of the industrial products company’s stock valued at $46,893,000 after buying an additional 118,106 shares during the last quarter. Swedbank AB purchased a new stake in UFP Technologies during the 1st quarter valued at about $25,220,000. Price T Rowe Associates Inc. MD raised its stake in shares of UFP Technologies by 2,331.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 43,134 shares of the industrial products company’s stock worth $10,879,000 after purchasing an additional 41,360 shares during the last quarter. Geneva Capital Management LLC increased its holdings in UFP Technologies by 72.5% in the 4th quarter. Geneva Capital Management LLC now owns 82,385 shares of the industrial products company’s stock worth $14,174,000 after buying an additional 34,622 shares during the period. Finally, Lord Abbett & CO. LLC lifted its stake in UFP Technologies by 83.1% during the 1st quarter. Lord Abbett & CO. LLC now owns 74,510 shares of the industrial products company’s stock valued at $18,791,000 after acquiring an additional 33,806 shares during the period. Hedge funds and other institutional investors own 87.28% of the company’s stock.

UFP Technologies Company Profile

UFP Technologies, Inc designs and manufactures solutions for medical devices, sterile packaging, and other highly engineered custom products. The company offers protective drapes for robotic surgery, single patient use surfaces, advanced wound care, infection prevention, disposables for surgical and endoscopic procedures, packaging for medical devices, orthopedic implants, biopharma drug manufacturing, and coils for catheters; and molded components for applications in acoustic insulation, interior trim, load floors, sunshades, SUV cargo cover handles, driveshaft damping, engine and manifold covers, quarter panels, and wheel liners.