UFP Technologies (NASDAQ:UFPT – Get Rating) had its price objective raised by Lake Street Capital from $171.00 to $222.00 in a research note released on Monday, The Fly reports.
UFPT has been the subject of a number of other research reports. VNET Group reissued a maintains rating on shares of UFP Technologies in a research report on Wednesday, May 3rd. StockNews.com raised UFP Technologies from a sell rating to a hold rating in a research report on Friday, May 26th.
UFP Technologies Stock Performance
Shares of UFPT stock opened at $188.73 on Monday. UFP Technologies has a 1-year low of $74.00 and a 1-year high of $196.31. The company has a current ratio of 2.43, a quick ratio of 1.35 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $1.44 billion, a price-to-earnings ratio of 30.94 and a beta of 0.79. The stock’s fifty day simple moving average is $157.41 and its 200-day simple moving average is $131.68.
UFP Technologies (NASDAQ:UFPT – Get Rating) last released its quarterly earnings data on Tuesday, May 2nd. The industrial products company reported $4.20 earnings per share (EPS) for the quarter. The firm had revenue of $97.75 million during the quarter. UFP Technologies had a return on equity of 23.36% and a net margin of 12.27%.
Insiders Place Their Bets
In other UFP Technologies news, SVP Christopher P. Litterio sold 1,624 shares of the business’s stock in a transaction dated Wednesday, May 10th. The stock was sold at an average price of $146.70, for a total value of $238,240.80. Following the completion of the sale, the senior vice president now owns 14,214 shares of the company’s stock, valued at $2,085,193.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, SVP Christopher P. Litterio sold 1,624 shares of the business’s stock in a transaction dated Wednesday, May 10th. The stock was sold at an average price of $146.70, for a total transaction of $238,240.80. Following the completion of the transaction, the senior vice president now owns 14,214 shares of the company’s stock, valued at approximately $2,085,193.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Ronald J. Lataille sold 7,354 shares of the business’s stock in a transaction dated Tuesday, May 9th. The stock was sold at an average price of $142.06, for a total value of $1,044,709.24. Following the transaction, the chief financial officer now directly owns 55,123 shares of the company’s stock, valued at approximately $7,830,773.38. The disclosure for this sale can be found here. Insiders sold 24,758 shares of company stock valued at $3,557,125 over the last quarter. Insiders own 7.80% of the company’s stock.
Hedge Funds Weigh In On UFP Technologies
Several large investors have recently made changes to their positions in the business. Macquarie Group Ltd. bought a new position in UFP Technologies in the fourth quarter worth $34,000. Lazard Asset Management LLC lifted its position in UFP Technologies by 169.2% in the third quarter. Lazard Asset Management LLC now owns 428 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 269 shares during the period. Dorsey Wright & Associates bought a new position in UFP Technologies in the fourth quarter worth $40,000. Point72 Asset Management LP bought a new position in UFP Technologies in the fourth quarter worth $43,000. Finally, Citigroup Inc. lifted its position in UFP Technologies by 121.3% in the fourth quarter. Citigroup Inc. now owns 394 shares of the industrial products company’s stock worth $46,000 after purchasing an additional 216 shares during the period. Institutional investors and hedge funds own 78.47% of the company’s stock.
About UFP Technologies
(Get Rating)
UFP Technologies, Inc designs, engineers, 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 orthopedic implants, orthopedic appliances, 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.
Featured Stories
Receive News & Ratings for UFP Technologies Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for UFP Technologies and related companies with MarketBeat.com’s FREE daily email newsletter.
