UFP Technologies (NASDAQ:UFPT) Hits New 52-Week High at $250.69

Shares of UFP Technologies, Inc. (NASDAQ:UFPT) hit a new 52-week high on Wednesday . The stock traded as high as $250.69 and last traded at $250.69, with a volume of 13660 shares trading hands. The stock had previously closed at $240.62.

Wall Street Analyst Weigh In

Several research analysts have weighed in on UFPT shares. KeyCorp started coverage on UFP Technologies in a research note on Tuesday, February 6th. They issued a “sector weight” rating on the stock. StockNews.com raised UFP Technologies from a “sell” rating to a “hold” rating in a report on Thursday, February 22nd. Finally, CJS Securities assumed coverage on UFP Technologies in a report on Wednesday, March 20th. They issued an “outperform” rating and a $255.00 price target for the company.

UFP Technologies Stock Up 6.3 %

The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.28 and a current ratio of 2.48. The firm has a fifty day moving average price of $192.52 and a 200 day moving average price of $172.94. The firm has a market capitalization of $1.95 billion, a price-to-earnings ratio of 43.70 and a beta of 0.81.

UFP Technologies (NASDAQ:UFPT) last posted its quarterly earnings results on Wednesday, February 21st. The industrial products company reported $1.53 EPS for the quarter, beating the consensus estimate of $1.12 by $0.41. The business had revenue of $101.50 million during the quarter, compared to analysts’ expectations of $94.80 million. UFP Technologies had a return on equity of 25.48% and a net margin of 11.23%. As a group, sell-side analysts expect that UFP Technologies, Inc. will post 6.19 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO R Jeffrey Bailly sold 27,090 shares of UFP Technologies stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $209.48, for a total transaction of $5,674,813.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other UFP Technologies news, CEO R Jeffrey Bailly sold 27,090 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $209.48, for a total transaction of $5,674,813.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Christopher P. Litterio sold 2,000 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $208.65, for a total value of $417,300.00. Following the transaction, the senior vice president now directly owns 14,334 shares of the company’s stock, valued at approximately $2,990,789.10. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 31,125 shares of company stock valued at $6,511,420. 7.80% of the stock is owned by insiders.

Hedge Funds Weigh In On UFP Technologies

Several hedge funds have recently bought and sold shares of the stock. BlackRock Inc. increased its position in UFP Technologies by 131.0% during the second 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 in the last quarter. Vanguard Group Inc. grew its position in shares of UFP Technologies by 5.2% in the fourth quarter. Vanguard Group Inc. now owns 533,800 shares of the industrial products company’s stock valued at $91,835,000 after purchasing an additional 26,269 shares during the period. Neuberger Berman Group LLC grew its position in shares of UFP Technologies by 94.1% in the first 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 during the period. Wasatch Advisors LP grew its position in shares of UFP Technologies by 6.0% in the fourth quarter. Wasatch Advisors LP now owns 313,214 shares of the industrial products company’s stock valued at $53,885,000 after purchasing an additional 17,708 shares during the period. Finally, State Street Corp grew its position in shares of UFP Technologies by 42.0% in the second quarter. State Street Corp now owns 296,655 shares of the industrial products company’s stock valued at $57,507,000 after purchasing an additional 87,756 shares during the period. Hedge funds and other institutional investors own 87.28% of the company’s stock.

About UFP Technologies

UFP Technologies, Inc designs 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 medical devices, orthopedic implants, 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.