UFP Technologies (NASDAQ:UFPT) Now Covered by Analysts at Raymond James

Raymond James initiated coverage on shares of UFP Technologies (NASDAQ:UFPT - Free Report) in a report published on Friday, Marketbeat.com reports. The firm issued a market perform rating on the industrial products company's stock.

Separately, StockNews.com lowered shares of UFP Technologies from a "hold" rating to a "sell" rating in a research note on Thursday, January 23rd.

UFP Technologies Price Performance

Shares of NASDAQ UFPT traded up $2.39 during mid-day trading on Friday, reaching $201.71. 100,166 shares of the company traded hands, compared to its average volume of 75,552. The firm has a market cap of $1.55 billion, a PE ratio of 28.77 and a beta of 1.15. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.57 and a quick ratio of 1.43. UFP Technologies has a fifty-two week low of $194.61 and a fifty-two week high of $366.41. The stock has a fifty day simple moving average of $241.95 and a 200-day simple moving average of $273.47.

UFP Technologies (NASDAQ:UFPT - Get Free Report) last announced its quarterly earnings data on Tuesday, February 25th. The industrial products company reported $2.46 earnings per share for the quarter, beating the consensus estimate of $2.01 by $0.45. The business had revenue of $144.07 million during the quarter, compared to analyst estimates of $141.67 million. UFP Technologies had a return on equity of 18.92% and a net margin of 11.74%.

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Insider Activity

In other UFP Technologies news, Director Daniel C. Croteau sold 6,846 shares of the business's stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $228.41, for a total transaction of $1,563,694.86. Following the sale, the director now directly owns 1,785 shares of the company's stock, valued at $407,711.85. The trade was a 79.32 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 6.17% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of UFPT. AlphaQuest LLC acquired a new stake in UFP Technologies during the 4th quarter worth about $25,000. Johnson Financial Group Inc. acquired a new stake in shares of UFP Technologies during the fourth quarter worth approximately $42,000. Venturi Wealth Management LLC acquired a new position in UFP Technologies in the 4th quarter valued at approximately $74,000. EverSource Wealth Advisors LLC lifted its position in UFP Technologies by 24.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 333 shares of the industrial products company's stock worth $81,000 after buying an additional 66 shares in the last quarter. Finally, Lazard Asset Management LLC acquired a new stake in shares of UFP Technologies during the 4th quarter valued at $84,000. Hedge funds and other institutional investors own 87.28% of the company's stock.

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.