UFP Technologies (NASDAQ:UFPT) Upgraded to “Hold” at Wall Street Zen

Wall Street Zen upgraded shares of UFP Technologies (NASDAQ:UFPT) from a sell rating to a hold rating in a research report report published on Saturday morning.

Separately, Zacks Research upgraded shares of UFP Technologies from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 14th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $289.00.

UFP Technologies Trading Up 0.8%

NASDAQ:UFPT opened at $189.45 on Friday. The company has a market capitalization of $1.46 billion, a PE ratio of 21.58 and a beta of 1.13. UFP Technologies has a 52-week low of $178.26 and a 52-week high of $274.93. The stock’s 50 day moving average price is $229.80 and its 200 day moving average price is $221.14. The company has a quick ratio of 1.52, a current ratio of 2.68 and a debt-to-equity ratio of 0.32.

UFP Technologies (NASDAQ:UFPT) last issued its quarterly earnings data on Tuesday, February 24th. The industrial products company reported $2.44 earnings per share for the quarter, beating analysts’ consensus estimates of $2.26 by $0.18. The company had revenue of $148.92 million during the quarter, compared to analysts’ expectations of $149.07 million. UFP Technologies had a return on equity of 19.36% and a net margin of 11.33%.The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.10 earnings per share.

Institutional Investors Weigh In On UFP Technologies

Several hedge funds have recently modified their holdings of UFPT. World Investment Advisors grew its position in UFP Technologies by 27.1% in the 4th quarter. World Investment Advisors now owns 3,178 shares of the industrial products company’s stock valued at $706,000 after buying an additional 678 shares during the last quarter. Invesco Ltd. raised its position in UFP Technologies by 87.9% during the 4th quarter. Invesco Ltd. now owns 49,888 shares of the industrial products company’s stock worth $11,077,000 after buying an additional 23,332 shares during the last quarter. Susquehanna Portfolio Strategies LLC lifted its stake in shares of UFP Technologies by 116.6% in the 4th quarter. Susquehanna Portfolio Strategies LLC now owns 14,349 shares of the industrial products company’s stock worth $3,186,000 after acquiring an additional 7,725 shares during the period. Man Group plc acquired a new stake in shares of UFP Technologies in the 4th quarter worth $664,000. Finally, Janus Henderson Group PLC boosted its holdings in shares of UFP Technologies by 128.5% in the fourth quarter. Janus Henderson Group PLC now owns 79,391 shares of the industrial products company’s stock valued at $17,616,000 after acquiring an additional 44,645 shares in the last quarter. 87.28% of the stock is owned by institutional investors and hedge funds.

About UFP Technologies

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.