UFP Technologies, Inc. (NASDAQ:UFPT - Get Free Report) rose 4.9% during mid-day trading on Thursday . The company traded as high as $303.70 and last traded at $302.24. Approximately 59,055 shares traded hands during mid-day trading, a decline of 1% from the average daily volume of 59,446 shares. The stock had previously closed at $288.03.
Wall Street Analyst Weigh In
Separately, Lake Street Capital boosted their target price on UFP Technologies from $344.00 to $392.00 and gave the company a "buy" rating in a research report on Wednesday, July 17th.
Read Our Latest Report on UFP Technologies
UFP Technologies Trading Up 5.8 %
The company has a market cap of $2.34 billion, a PE ratio of 49.01 and a beta of 0.93. The company has a quick ratio of 1.63, a current ratio of 3.13 and a debt-to-equity ratio of 0.14. The business has a 50-day simple moving average of $319.34 and a 200-day simple moving average of $282.67.
UFP Technologies (NASDAQ:UFPT - Get Free Report) last announced its earnings results on Wednesday, July 31st. The industrial products company reported $1.86 earnings per share (EPS) for the quarter. The company had revenue of $110.18 million for the quarter. UFP Technologies had a return on equity of 17.53% and a net margin of 11.87%.
Insiders Place Their Bets
In other UFP Technologies news, CFO Ronald J. Lataille sold 2,392 shares of the business's stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $329.04, for a total value of $787,063.68. Following the completion of the transaction, the chief financial officer now owns 38,940 shares in the company, valued at $12,812,817.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CFO Ronald J. Lataille sold 2,392 shares of the business's stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $329.04, for a total transaction of $787,063.68. Following the completion of the transaction, the chief financial officer now owns 38,940 shares in the company, valued at approximately $12,812,817.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Ronald J. Lataille sold 1,598 shares of the business's stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $319.37, for a total transaction of $510,353.26. Following the transaction, the chief financial officer now owns 57,596 shares of the company's stock, valued at approximately $18,394,434.52. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 68,134 shares of company stock worth $21,494,247 over the last 90 days. Corporate insiders own 6.17% of the company's stock.
Hedge Funds Weigh In On UFP Technologies
A number of institutional investors and hedge funds have recently modified their holdings of UFPT. Congress Asset Management Co. MA grew its stake 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 worth $46,893,000 after purchasing an additional 118,106 shares in the last quarter. Swedbank AB acquired a new position in UFP Technologies in the first quarter valued at $25,220,000. Price T Rowe Associates Inc. MD boosted its stake in 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 valued at $10,879,000 after acquiring an additional 41,360 shares in the last quarter. Lord Abbett & CO. LLC boosted its stake in UFP Technologies by 83.1% in the first 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 in the last quarter. Finally, Norden Group LLC boosted its stake in UFP Technologies by 1,464.8% in the first quarter. Norden Group LLC now owns 31,405 shares of the industrial products company's stock valued at $7,920,000 after acquiring an additional 29,398 shares in the last quarter. Institutional investors and hedge funds own 87.28% of the company's stock.
UFP Technologies Company Profile
(
Get Free Report)
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.
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