UFP Technologies, Inc. (NASDAQ:UFPT) Director Sells $316,562.32 in Stock

UFP Technologies, Inc. (NASDAQ:UFPT – Get Rating) Director Cynthia L. Feldmann sold 2,056 shares of the company’s stock in a transaction that occurred on Tuesday, May 23rd. The shares were sold at an average price of $153.97, for a total value of $316,562.32. Following the completion of the transaction, the director now directly owns 4,168 shares in the company, valued at $641,746.96. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

UFP Technologies Trading Down 1.2 %

NASDAQ:UFPT opened at $151.63 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.35 and a current ratio of 2.43. The stock has a market cap of $1.15 billion, a price-to-earnings ratio of 24.86 and a beta of 0.78. The business has a fifty day moving average of $136.14 and a 200-day moving average of $122.68. UFP Technologies, Inc. has a 1 year low of $71.83 and a 1 year high of $157.96.

UFP Technologies (NASDAQ:UFPT – Get Rating) last announced its quarterly earnings data on Tuesday, March 7th. The industrial products company reported $1.10 earnings per share for the quarter. The business had revenue of $91.24 million during the quarter. UFP Technologies had a return on equity of 23.36% and a net margin of 12.27%.

Institutional Trading of UFP Technologies

Several institutional investors have recently modified their holdings of UFPT. MetLife Investment Management LLC lifted its holdings in shares of UFP Technologies by 57.2% during the first quarter. MetLife Investment Management LLC now owns 3,189 shares of the industrial products company’s stock valued at $211,000 after purchasing an additional 1,161 shares during the last quarter. Rothschild & Co. Asset Management US Inc. lifted its holdings in shares of UFP Technologies by 0.9% during the first quarter. Rothschild & Co. Asset Management US Inc. now owns 23,735 shares of the industrial products company’s stock valued at $1,571,000 after purchasing an additional 211 shares during the last quarter. Loomis Sayles & Co. L P lifted its holdings in shares of UFP Technologies by 36.0% during the first quarter. Loomis Sayles & Co. L P now owns 108,739 shares of the industrial products company’s stock valued at $7,195,000 after purchasing an additional 28,768 shares during the last quarter. State Street Corp lifted its holdings in shares of UFP Technologies by 8.4% during the first quarter. State Street Corp now owns 136,040 shares of the industrial products company’s stock valued at $9,002,000 after purchasing an additional 10,555 shares during the last quarter. Finally, Wellington Management Group LLP lifted its holdings in shares of UFP Technologies by 6.5% during the first quarter. Wellington Management Group LLP now owns 219,674 shares of the industrial products company’s stock valued at $14,536,000 after purchasing an additional 13,479 shares during the last quarter. Institutional investors and hedge funds own 80.34% of the company’s stock.

Analysts Set New Price Targets

UFPT has been the topic of several research reports. VNET Group reissued a “maintains” rating on shares of UFP Technologies in a research report on Wednesday, May 3rd. Lake Street Capital upped their price objective on UFP Technologies from $131.00 to $171.00 in a research note on Wednesday, May 3rd. Finally, StockNews.com raised UFP Technologies from a “sell” rating to a “hold” rating in a research note on Friday.

About UFP Technologies

(Get Rating)

UFP Technologies, Inc engages in designing and custom manufacturing of components, subassemblies, products and packaging utilizing specialized foams, films, and plastics primarily for the medical market. The firm manufactures its products by converting raw materials using laminating, molding, radio frequency and impulse welding and fabricating manufacturing techniques. �It’s single-use and single-patient devices and components are used in a wide range of medical devices, disposable wound care products, infection prevention, minimally invasive surgery, wearables, orthopedic soft goods, and orthopedic implant packaging.