Insider Selling: UFP Technologies (NASDAQ:UFPT) Director Sells 1,000 Shares

UFP Technologies, Inc. (NASDAQ:UFPT) Director Cynthia Feldmann sold 1,000 shares of UFP Technologies stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $324.26, for a total value of $324,260.00. Following the sale, the director owned 4,476 shares in the company, valued at $1,451,387.76. This trade represents a 18.26% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

UFP Technologies Stock Performance

Shares of NASDAQ UFPT traded down $0.45 during trading hours on Monday, reaching $321.31. The stock had a trading volume of 89,016 shares, compared to its average volume of 204,357. The firm has a 50-day moving average of $260.43 and a 200-day moving average of $232.25. The firm has a market cap of $2.49 billion, a price-to-earnings ratio of 34.62 and a beta of 1.08. The company has a current ratio of 3.00, a quick ratio of 1.72 and a debt-to-equity ratio of 0.26. UFP Technologies, Inc. has a fifty-two week low of $173.86 and a fifty-two week high of $338.71.

UFP Technologies (NASDAQ:UFPT) last released its quarterly earnings results on Monday, August 3rd. The industrial products company reported $2.92 EPS for the quarter, topping the consensus estimate of $2.31 by $0.61. UFP Technologies had a return on equity of 18.42% and a net margin of 11.45%.The company had revenue of $173.96 million for the quarter, compared to analyst estimates of $159.38 million. Equities research analysts predict that UFP Technologies, Inc. will post 10.54 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in UFP Technologies in the second quarter valued at about $302,622,000. Thrivent Financial for Lutherans lifted its holdings in shares of UFP Technologies by 892.3% in the 4th quarter. Thrivent Financial for Lutherans now owns 248,125 shares of the industrial products company’s stock valued at $55,091,000 after buying an additional 223,121 shares during the period. Wasatch Advisors LP lifted its holdings in shares of UFP Technologies by 14.6% in the 4th quarter. Wasatch Advisors LP now owns 736,027 shares of the industrial products company’s stock valued at $163,420,000 after buying an additional 93,640 shares during the period. Neumeier Poma Investment Counsel LLC purchased a new stake in shares of UFP Technologies in the second quarter valued at approximately $22,423,370,000. Finally, Boston Trust Walden Corp boosted its stake in shares of UFP Technologies by 36.3% in the first quarter. Boston Trust Walden Corp now owns 317,072 shares of the industrial products company’s stock valued at $61,385,000 after buying an additional 84,396 shares in the last quarter. 87.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Wall Street Zen upgraded shares of UFP Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Weiss Ratings upgraded shares of UFP Technologies from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, August 5th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has a consensus rating of “Hold”.

UFP Technologies Company Profile

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.