UFP Technologies Inc. (NASDAQ:UFPT) – Investment analysts at Taglich Brothers reduced their FY2016 earnings estimates for UFP Technologies in a note issued to investors on Tuesday. Taglich Brothers analyst J. Nobile now forecasts that the brokerage will post earnings of $0.91 per share for the year, down from their prior forecast of $1.29. Taglich Brothers also issued estimates for UFP Technologies’ Q4 2016 earnings at $0.23 EPS, Q1 2017 earnings at $0.28 EPS, Q4 2017 earnings at $0.37 EPS and FY2017 earnings at $1.57 EPS.

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Earnings History and Estimates for UFP Technologies (NASDAQ:UFPT)

Other equities analysts also recently issued reports about the stock. Zacks Investment Research downgraded shares of UFP Technologies from a “hold” rating to a “strong sell” rating in a report on Friday. TheStreet raised shares of UFP Technologies from a “hold” rating to a “buy” rating in a report on Friday, August 19th.

Shares of UFP Technologies (NASDAQ:UFPT) opened at 25.50 on Friday. The company has a market capitalization of $183.55 million, a price-to-earnings ratio of 22.77 and a beta of 0.58. The company’s 50 day moving average is $25.97 and its 200 day moving average is $24.12. UFP Technologies has a one year low of $20.40 and a one year high of $27.50.

In other UFP Technologies news, insider R Jeffrey Bailly sold 10,348 shares of the company’s stock in a transaction dated Tuesday, November 22nd. The shares were sold at an average price of $25.70, for a total transaction of $265,943.60. Following the sale, the insider now directly owns 634,818 shares of the company’s stock, valued at $16,314,822.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 13.90% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This piece of content was originally reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this piece of content on another website, it was illegally copied and reposted in violation of US and international trademark and copyright laws. The correct version of this piece of content can be read at https://www.thecerbatgem.com/2016/11/26/fy2016-eps-estimates-for-ufp-technologies-inc-cut-by-taglich-brothers-ufpt.html.

A number of large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in UFP Technologies by 19.7% in the second quarter. Vanguard Group Inc. now owns 195,125 shares of the company’s stock valued at $4,399,000 after buying an additional 32,058 shares during the period. Dimensional Fund Advisors LP increased its stake in UFP Technologies by 13.7% in the second quarter. Dimensional Fund Advisors LP now owns 70,000 shares of the company’s stock valued at $1,578,000 after buying an additional 8,415 shares during the period. Nationwide Fund Advisors acquired a new stake in UFP Technologies during the second quarter valued at approximately $190,000. Alambic Investment Management L.P. increased its stake in UFP Technologies by 10.8% in the second quarter. Alambic Investment Management L.P. now owns 22,277 shares of the company’s stock valued at $502,000 after buying an additional 2,172 shares during the period. Finally, Oxford Asset Management increased its stake in UFP Technologies by 54.6% in the second quarter. Oxford Asset Management now owns 23,173 shares of the company’s stock valued at $522,000 after buying an additional 8,186 shares during the period. 67.52% of the stock is currently owned by institutional investors and hedge funds.

UFP Technologies Company Profile

UFP Technologies, Inc is a designer and custom converter of foams, plastics, composites and natural fiber materials. The Company is engaged in providing solutions to customers primarily within the medical, automotive, consumer, electronics, industrial, and aerospace and defense markets. It converts these materials using laminating, molding, and fabricating manufacturing technologies.

5 Day Chart for NASDAQ:UFPT

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