UFP Technologies (NASDAQ:UFPT) Sets New 52-Week High – Still a Buy?

UFP Technologies, Inc. (NASDAQ:UFPT)’s share price reached a new 52-week high on Tuesday . The company traded as high as $279.08 and last traded at $272.07, with a volume of 303943 shares. The stock had previously closed at $272.36.

Analyst Ratings Changes

UFPT has been the subject of several analyst reports. Wall Street Zen raised shares of UFP Technologies from a “sell” rating to a “hold” rating in a report on Saturday, March 28th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of UFP Technologies in a report on Friday, May 29th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $289.00.

UFP Technologies Stock Down 4.8%

The company has a debt-to-equity ratio of 0.32, a current ratio of 2.91 and a quick ratio of 1.69. The company has a market cap of $1.95 billion, a PE ratio of 28.55 and a beta of 1.07. The company has a fifty day moving average price of $231.77 and a 200 day moving average price of $227.38.

UFP Technologies (NASDAQ:UFPT) last posted its quarterly earnings data on Monday, May 4th. The industrial products company reported $2.48 earnings per share for the quarter, topping the consensus estimate of $2.18 by $0.30. UFP Technologies had a net margin of 11.27% and a return on equity of 18.47%. The company had revenue of $154.20 million for the quarter, compared to analysts’ expectations of $154.78 million. During the same period in the prior year, the business earned $2.47 earnings per share. UFP Technologies’s revenue for the quarter was up 4.1% compared to the same quarter last year. As a group, analysts anticipate that UFP Technologies, Inc. will post 10.23 EPS for the current year.

Insiders Place Their Bets

In related news, Director Cynthia L. Feldmann sold 1,200 shares of the company’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $239.29, for a total value of $287,148.00. Following the completion of the transaction, the director directly owned 5,476 shares in the company, valued at approximately $1,310,352.04. The trade was a 17.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Daniel C. Croteau sold 2,864 shares of the stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $221.71, for a total value of $634,977.44. Following the completion of the transaction, the director directly owned 855 shares in the company, valued at approximately $189,562.05. This represents a 77.01% decrease in their position. The SEC filing for this sale provides additional information. 4.59% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On UFP Technologies

Several hedge funds have recently added to or reduced their stakes in UFPT. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of UFP Technologies by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,327 shares of the industrial products company’s stock valued at $873,000 after buying an additional 190 shares in the last quarter. Millennium Management LLC lifted its position in UFP Technologies by 123.1% in the 1st quarter. Millennium Management LLC now owns 93,773 shares of the industrial products company’s stock worth $18,915,000 after buying an additional 51,741 shares during the last quarter. Jones Financial Companies Lllp purchased a new stake in UFP Technologies in the first quarter worth approximately $172,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in UFP Technologies by 11.5% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 12,856 shares of the industrial products company’s stock worth $2,593,000 after buying an additional 1,327 shares in the last quarter. Finally, Jane Street Group LLC grew its position in UFP Technologies by 383.0% during the first quarter. Jane Street Group LLC now owns 23,605 shares of the industrial products company’s stock valued at $4,761,000 after acquiring an additional 18,718 shares during the last quarter. Institutional investors own 87.28% of the company’s stock.

UFP Technologies Company Profile

UFP Technologies, Inc (NASDAQ: UFPT) is a global designer and manufacturer of custom-engineered products using plastics, foams and adhesives. The company partners with customers to develop application-specific solutions through a range of in-house processes, including foam fabrication, die cutting, sheet processing, lamination, machining and assembly services. Its components find use in industries requiring precise material properties, such as medical devices, aerospace, defense, electronics and transportation.

Building on its origins as a specialty foam converter, UFP Technologies has expanded its capabilities to include advanced material technologies, such as thermal management and electromagnetic interference (EMI) shielding solutions.