UFP Technologies, Inc. (NASDAQ:UFPT - Get Free Report) shares were down 3.2% during mid-day trading on Friday . The stock traded as low as $283.35 and last traded at $283.35. Approximately 17,223 shares changed hands during mid-day trading, a decline of 71% from the average daily volume of 58,738 shares. The stock had previously closed at $292.57.
Analyst Upgrades and Downgrades
Separately, Lake Street Capital boosted their price objective on UFP Technologies from $344.00 to $392.00 and gave the company a "buy" rating in a research report on Wednesday, July 17th.
Check Out Our Latest Analysis on UFP Technologies
UFP Technologies Trading Down 1.3 %
The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.63 and a current ratio of 3.13. The business has a 50-day simple moving average of $322.39 and a two-hundred day simple moving average of $280.31. The stock has a market cap of $2.21 billion, a price-to-earnings ratio of 46.62 and a beta of 0.93.
UFP Technologies (NASDAQ:UFPT - Get Free Report) last released its quarterly earnings results on Wednesday, July 31st. The industrial products company reported $1.86 earnings per share for the quarter. UFP Technologies had a return on equity of 17.53% and a net margin of 11.87%. The firm had revenue of $110.18 million during the quarter.
Insider Transactions at UFP Technologies
In other news, CEO R Jeffrey Bailly sold 1,083 shares of the company's stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $310.36, for a total transaction of $336,119.88. Following the sale, the chief executive officer now owns 139,341 shares in the company, valued at $43,245,872.76. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, CFO Ronald J. Lataille sold 11,466 shares of the stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $301.65, for a total value of $3,458,718.90. Following the sale, the chief financial officer now owns 46,130 shares in the company, valued at approximately $13,915,114.50. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO R Jeffrey Bailly sold 1,083 shares of the stock in a transaction on Monday, August 12th. The shares were sold at an average price of $310.36, for a total value of $336,119.88. Following the completion of the sale, the chief executive officer now owns 139,341 shares in the company, valued at approximately $43,245,872.76. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 68,134 shares of company stock worth $21,494,247 in the last 90 days. Corporate insiders own 6.17% of the company's stock.
Institutional Investors Weigh In On UFP Technologies
A number of large investors have recently added to or reduced their stakes in UFPT. Congress Asset Management Co. MA grew its holdings in UFP Technologies by 174.1% in the 1st 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 in the last quarter. Swedbank AB acquired a new position in UFP Technologies in the 1st quarter valued at $25,220,000. Price T Rowe Associates Inc. MD grew its holdings in UFP Technologies by 2,331.5% in the 1st 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 buying an additional 41,360 shares in the last quarter. Lord Abbett & CO. LLC grew its holdings in UFP Technologies by 83.1% in 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 buying an additional 33,806 shares in the last quarter. Finally, Norden Group LLC grew its holdings in shares of UFP Technologies by 1,464.8% during the 1st quarter. Norden Group LLC now owns 31,405 shares of the industrial products company's stock worth $7,920,000 after purchasing an additional 29,398 shares in the last quarter. Institutional investors own 87.28% of the company's stock.
About UFP Technologies
(
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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