UFP Technologies (NASDAQ:UFPT) Director Symeria Hudson Sells 298 Shares

UFP Technologies, Inc. (NASDAQ:UFPT) Director Symeria Hudson sold 298 shares of the firm’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $319.11, for a total transaction of $95,094.78. Following the completion of the sale, the director owned 927 shares of the company’s stock, valued at approximately $295,814.97. This trade represents a 24.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Symeria Hudson also recently made the following trade(s):

• On Friday, August 14th, Symeria Hudson sold 1,926 shares of UFP Technologies stock. The shares were sold at an average price of $324.58, for a total value of $625,141.08.

UFP Technologies Stock Performance

UFPT opened at $312.84 on Thursday. The company has a quick ratio of 1.72, a current ratio of 3.00 and a debt-to-equity ratio of 0.26. UFP Technologies, Inc. has a 52-week low of $173.86 and a 52-week high of $338.71. The company has a market cap of $2.42 billion, a P/E ratio of 33.71 and a beta of 1.08. The firm’s 50-day moving average price is $265.59 and its 200-day moving average price is $233.70.

UFP Technologies (NASDAQ:UFPT) last announced its quarterly earnings data on Monday, August 3rd. The industrial products company reported $2.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.31 by $0.61. UFP Technologies had a return on equity of 18.42% and a net margin of 11.45%.The firm had revenue of $173.96 million during the quarter, compared to analysts’ expectations of $159.38 million. As a group, equities analysts anticipate that UFP Technologies, Inc. will post 10.54 EPS for the current fiscal year.

Institutional Trading of UFP Technologies

Several institutional investors have recently added to or reduced their stakes in UFPT. ProShare Advisors LLC increased its stake in UFP Technologies by 3.2% during the 4th quarter. ProShare Advisors LLC now owns 1,466 shares of the industrial products company’s stock worth $325,000 after buying an additional 46 shares during the period. Balefire LLC raised its position in UFP Technologies by 6.6% in the 1st quarter. Balefire LLC now owns 1,093 shares of the industrial products company’s stock valued at $212,000 after purchasing an additional 68 shares in the last quarter. Sanctuary Advisors LLC raised its position in UFP Technologies by 3.3% in the 1st quarter. Sanctuary Advisors LLC now owns 2,287 shares of the industrial products company’s stock valued at $443,000 after purchasing an additional 72 shares in the last quarter. Carnegie Investment Counsel boosted its stake in shares of UFP Technologies by 4.8% in the 1st quarter. Carnegie Investment Counsel now owns 2,064 shares of the industrial products company’s stock valued at $400,000 after buying an additional 94 shares during the period. Finally, PNC Financial Services Group Inc. boosted its stake in shares of UFP Technologies by 66.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 236 shares of the industrial products company’s stock valued at $52,000 after buying an additional 94 shares during the period. Institutional investors and hedge funds own 87.28% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on UFPT shares. Weiss Ratings upgraded UFP Technologies from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, August 5th. Wall Street Zen upgraded UFP Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat, UFP Technologies currently has an average rating of “Hold”.

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.