UFP Technologies (NASDAQ:UFPT) Coverage Initiated by Analysts at Raymond James

Equities researchers at Raymond James began coverage on shares of UFP Technologies (NASDAQ:UFPT) in a research report issued on Friday,Benzinga reports. The brokerage set a “market perform” rating on the industrial products company’s stock.

Separately, StockNews.com downgraded UFP Technologies from a “hold” rating to a “sell” rating in a research report on Thursday, January 23rd.

UFP Technologies Stock Performance

UFP Technologies stock opened at $203.23 on Friday. UFP Technologies has a twelve month low of $198.10 and a twelve month high of $366.41. The company has a quick ratio of 1.43, a current ratio of 2.57 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $1.56 billion, a P/E ratio of 28.99 and a beta of 1.15. The stock’s 50 day moving average is $243.26 and its 200 day moving average is $274.64.

UFP Technologies (NASDAQ:UFPT) last announced its earnings results on Tuesday, February 25th. The industrial products company reported $2.46 EPS for the quarter, beating analysts’ consensus estimates of $2.01 by $0.45. The business had revenue of $144.07 million during the quarter, compared to analysts’ expectations of $141.67 million. UFP Technologies had a net margin of 11.74% and a return on equity of 18.92%.

Insiders Place Their Bets

In other news, Director Daniel C. Croteau sold 6,846 shares of the business’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $228.41, for a total value of $1,563,694.86. Following the transaction, the director now directly owns 1,785 shares in the company, valued at $407,711.85. The trade was a 79.32 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 6.17% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in UFPT. Arete Wealth Advisors LLC raised its position in shares of UFP Technologies by 5.4% during the fourth quarter. Arete Wealth Advisors LLC now owns 958 shares of the industrial products company’s stock valued at $233,000 after buying an additional 49 shares during the last quarter. Illinois Municipal Retirement Fund grew its position in shares of UFP Technologies by 1.2% during the fourth quarter. Illinois Municipal Retirement Fund now owns 4,256 shares of the industrial products company’s stock valued at $1,041,000 after purchasing an additional 52 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of UFP Technologies by 24.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 333 shares of the industrial products company’s stock worth $81,000 after purchasing an additional 66 shares during the last quarter. Anchor Capital Advisors LLC boosted its stake in UFP Technologies by 1.5% during the fourth quarter. Anchor Capital Advisors LLC now owns 4,532 shares of the industrial products company’s stock valued at $1,108,000 after buying an additional 69 shares during the last quarter. Finally, Los Angeles Capital Management LLC grew its holdings in UFP Technologies by 1.2% during the 4th quarter. Los Angeles Capital Management LLC now owns 5,870 shares of the industrial products company’s stock valued at $1,435,000 after buying an additional 70 shares in the last quarter. 87.28% of the stock is owned by hedge funds and other institutional investors.

About UFP Technologies

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.