Insider Selling: UFP Technologies (NASDAQ:UFPT) Director Sells $287,148.00 in Stock

UFP Technologies, Inc. (NASDAQ:UFPT) Director Cynthia Feldmann sold 1,200 shares of UFP Technologies stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $239.29, for a total value of $287,148.00. Following the sale, the director owned 5,476 shares in the company, valued at $1,310,352.04. This trade represents a 17.97% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

UFP Technologies Stock Down 1.9%

UFPT opened at $227.68 on Thursday. The business’s 50-day simple moving average is $214.84 and its 200-day simple moving average is $223.49. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.69 and a current ratio of 2.91. UFP Technologies, Inc. has a one year low of $173.86 and a one year high of $274.93. The stock has a market capitalization of $1.76 billion, a P/E ratio of 25.84 and a beta of 1.11.

UFP Technologies (NASDAQ:UFPT) last posted its earnings results on Monday, May 4th. The industrial products company reported $2.48 EPS for the quarter, topping analysts’ consensus estimates of $2.18 by $0.30. UFP Technologies had a return on equity of 18.47% and a net margin of 11.27%.The business had revenue of $154.20 million for the quarter, compared to analysts’ expectations of $154.78 million. During the same quarter in the previous year, the firm earned $2.47 earnings per share. The business’s revenue was up 4.1% compared to the same quarter last year. Analysts anticipate that UFP Technologies, Inc. will post 10.23 EPS for the current year.

Hedge Funds Weigh In On UFP Technologies

Several institutional investors have recently added to or reduced their stakes in UFPT. Thrivent Financial for Lutherans increased its position in UFP Technologies by 892.3% during the 4th quarter. Thrivent Financial for Lutherans now owns 248,125 shares of the industrial products company’s stock worth $55,091,000 after purchasing an additional 223,121 shares during the period. Congress Asset Management Co. increased its position in UFP Technologies by 32.4% during the 4th quarter. Congress Asset Management Co. now owns 441,122 shares of the industrial products company’s stock worth $97,942,000 after purchasing an additional 107,908 shares during the period. Wasatch Advisors LP increased its position in UFP Technologies by 14.6% during the 4th quarter. Wasatch Advisors LP now owns 736,027 shares of the industrial products company’s stock worth $163,420,000 after purchasing an additional 93,640 shares during the period. Boston Trust Walden Corp increased its position in UFP Technologies by 36.3% during the 1st quarter. Boston Trust Walden Corp now owns 317,072 shares of the industrial products company’s stock worth $61,385,000 after purchasing an additional 84,396 shares during the period. Finally, Geneva Capital Management LLC increased its position in UFP Technologies by 88.6% during the 3rd quarter. Geneva Capital Management LLC now owns 158,496 shares of the industrial products company’s stock worth $31,636,000 after purchasing an additional 74,461 shares during the period. Institutional investors and hedge funds own 87.28% of the company’s stock.

Wall Street Analyst Weigh In

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

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.