UFP Technologies (NASDAQ:UFPT) Downgraded by StockNews.com to “Sell”

StockNews.com downgraded shares of UFP Technologies (NASDAQ:UFPTFree Report) from a hold rating to a sell rating in a research note issued to investors on Saturday morning.

Separately, KeyCorp initiated coverage on UFP Technologies in a research report on Tuesday, February 6th. They set a sector weight rating on the stock.

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UFP Technologies Stock Performance

NASDAQ UFPT opened at $174.72 on Friday. The company has a fifty day moving average of $170.62 and a two-hundred day moving average of $165.99. The company has a market capitalization of $1.33 billion, a PE ratio of 32.12 and a beta of 0.77. UFP Technologies has a 1 year low of $103.64 and a 1 year high of $205.08. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.48 and a quick ratio of 1.25.

Insider Activity

In related news, CEO R Jeffrey Bailly sold 1,300 shares of the business’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $175.16, for a total value of $227,708.00. Following the transaction, the chief executive officer now owns 90,254 shares in the company, valued at approximately $15,808,890.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last three months, insiders sold 24,325 shares of company stock valued at $4,368,737. Insiders own 7.80% of the company’s stock.

Institutional Investors Weigh In On UFP Technologies

Several hedge funds have recently modified their holdings of the stock. BlackRock Inc. raised its position in UFP Technologies by 131.0% during the 2nd quarter. BlackRock Inc. now owns 1,069,252 shares of the industrial products company’s stock worth $207,274,000 after buying an additional 606,378 shares during the last quarter. Vanguard Group Inc. lifted its position in UFP Technologies by 2.5% in the third quarter. Vanguard Group Inc. now owns 507,531 shares of the industrial products company’s stock valued at $81,941,000 after purchasing an additional 12,420 shares during the period. Neuberger Berman Group LLC boosted its holdings in UFP Technologies by 94.1% in the 1st quarter. Neuberger Berman Group LLC now owns 451,794 shares of the industrial products company’s stock valued at $29,895,000 after purchasing an additional 219,009 shares in the last quarter. State Street Corp increased its position in UFP Technologies by 42.0% during the 2nd quarter. State Street Corp now owns 296,655 shares of the industrial products company’s stock worth $57,507,000 after purchasing an additional 87,756 shares during the period. Finally, Wellington Management Group LLP raised its stake in shares of UFP Technologies by 6.5% during the 1st quarter. Wellington Management Group LLP now owns 219,674 shares of the industrial products company’s stock worth $14,536,000 after buying an additional 13,479 shares in the last quarter. 84.57% of the stock is owned by institutional investors and hedge funds.

About UFP Technologies

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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.

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