UFP Technologies (NASDAQ:UFPT) was upgraded by investment analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued on Friday.

A number of other research firms have also recently issued reports on UFPT. BidaskClub upgraded shares of UFP Technologies from a “hold” rating to a “buy” rating in a report on Wednesday, October 3rd. Zacks Investment Research cut shares of UFP Technologies from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 31st. Finally, Taglich Brothers restated a “buy” rating on shares of UFP Technologies in a report on Wednesday, August 29th.

UFPT stock opened at $37.14 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.74 and a quick ratio of 1.91. UFP Technologies has a 52-week low of $26.02 and a 52-week high of $39.98. The stock has a market cap of $256.77 million, a price-to-earnings ratio of 29.71 and a beta of 0.12.

UFP Technologies (NASDAQ:UFPT) last released its quarterly earnings results on Thursday, November 1st. The industrial products company reported $0.56 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.01. UFP Technologies had a net margin of 7.13% and a return on equity of 10.74%. The company had revenue of $47.81 million during the quarter, compared to analysts’ expectations of $49.80 million. As a group, equities analysts anticipate that UFP Technologies will post 2.12 EPS for the current fiscal year.

In other news, CFO Ronald J. Lataille sold 10,548 shares of the company’s stock in a transaction dated Friday, August 31st. The shares were sold at an average price of $36.04, for a total transaction of $380,149.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider R Jeffrey Bailly sold 2,194 shares of the company’s stock in a transaction dated Friday, September 14th. The shares were sold at an average price of $36.45, for a total transaction of $79,971.30. Following the transaction, the insider now directly owns 508,901 shares of the company’s stock, valued at approximately $18,549,441.45. The disclosure for this sale can be found here. Insiders have sold 57,319 shares of company stock valued at $2,044,353 over the last 90 days. Corporate insiders own 12.30% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the company. Ramsey Quantitative Systems acquired a new position in shares of UFP Technologies during the third quarter valued at about $110,000. Acadian Asset Management LLC raised its position in shares of UFP Technologies by 137.0% during the second quarter. Acadian Asset Management LLC now owns 7,337 shares of the industrial products company’s stock valued at $227,000 after buying an additional 4,241 shares during the last quarter. Rhumbline Advisers acquired a new position in shares of UFP Technologies during the third quarter valued at about $229,000. First Trust Advisors LP acquired a new position in shares of UFP Technologies during the second quarter valued at about $231,000. Finally, Quantum Capital Management raised its position in shares of UFP Technologies by 24.6% during the second quarter. Quantum Capital Management now owns 31,989 shares of the industrial products company’s stock valued at $987,000 after buying an additional 6,312 shares during the last quarter. 68.83% of the stock is owned by institutional investors and hedge funds.

About UFP Technologies

UFP Technologies, Inc designs and converts foams, plastics, composites, and natural fiber materials for the medical, automotive, consumer, electronics, industrial, and aerospace and defense markets in the United States. The company offers medical devices and components, disposable wound care components, automotive interior trims, athletic paddings, abrasive nail files and other beauty aids, air filtration products, high-temperature insulations, military uniform and gear components, and cushion packaging products.

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