UFP Technologies, Inc. (NASDAQ:UFPT) has received a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.

Analysts have set a 1-year consensus price target of $30.00 for the company and are anticipating that the company will post $0.23 earnings per share for the current quarter, according to Zacks. Zacks has also given UFP Technologies an industry rank of 69 out of 265 based on the ratings given to related companies.

Separately, Zacks Investment Research upgraded shares of UFP Technologies from a “hold” rating to a “buy” rating and set a $31.00 target price for the company in a research note on Tuesday, August 29th.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in UFPT. American International Group Inc. lifted its stake in shares of UFP Technologies by 6.9% in the first quarter. American International Group Inc. now owns 3,939 shares of the industrial products company’s stock valued at $102,000 after buying an additional 255 shares during the period. Geode Capital Management LLC lifted its stake in shares of UFP Technologies by 5.0% in the first quarter. Geode Capital Management LLC now owns 52,650 shares of the industrial products company’s stock valued at $1,363,000 after buying an additional 2,491 shares during the period. Dimensional Fund Advisors LP raised its position in UFP Technologies by 19.5% in the first quarter. Dimensional Fund Advisors LP now owns 124,106 shares of the industrial products company’s stock worth $3,214,000 after purchasing an additional 20,292 shares in the last quarter. First Quadrant L P CA acquired a new position in UFP Technologies in the second quarter worth about $187,000. Finally, Acadian Asset Management LLC acquired a new position in UFP Technologies in the second quarter worth about $112,000. Institutional investors and hedge funds own 69.10% of the company’s stock.

UFP Technologies (NASDAQ:UFPT) traded down $0.15 during midday trading on Wednesday, hitting $27.40. 5,241 shares of the company traded hands, compared to its average volume of 15,077. UFP Technologies has a twelve month low of $22.95 and a twelve month high of $31.50. The company has a market capitalization of $200.22, a PE ratio of 25.27 and a beta of 0.13.

UFP Technologies (NASDAQ:UFPT) last released its earnings results on Thursday, November 2nd. The industrial products company reported $0.23 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.13). UFP Technologies had a net margin of 5.43% and a return on equity of 6.83%. The company had revenue of $35.68 million during the quarter, compared to the consensus estimate of $38.70 million. research analysts predict that UFP Technologies will post 1.12 EPS for the current year.

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About UFP Technologies

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.

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