UFP Technologies (NASDAQ:UFPT) Director Marc Kozin Sells 7,000 Shares

UFP Technologies, Inc. (NASDAQ:UFPT) Director Marc Kozin sold 7,000 shares of the firm’s stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $304.50, for a total value of $2,131,500.00. Following the transaction, the director owned 21,112 shares in the company, valued at approximately $6,428,604. This trade represents a 24.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

UFP Technologies Stock Down 1.5%

Shares of UFPT traded down $4.62 during trading hours on Thursday, hitting $299.95. 102,272 shares of the company were exchanged, compared to its average volume of 200,346. The company has a market cap of $2.32 billion, a PE ratio of 32.32 and a beta of 1.08. The firm’s 50 day moving average is $272.80 and its 200-day moving average is $235.51. UFP Technologies, Inc. has a 52 week low of $173.86 and a 52 week high of $338.71. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.72 and a current ratio of 3.00.

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

Analyst Ratings Changes

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

Hedge Funds Weigh In On UFP Technologies

A number of institutional investors have recently made changes to their positions in the business. ProShare Advisors LLC raised its position in shares of UFP Technologies by 3.2% during the 4th quarter. ProShare Advisors LLC now owns 1,466 shares of the industrial products company’s stock valued at $325,000 after acquiring an additional 46 shares during the last quarter. Balefire LLC boosted its position in shares of UFP Technologies by 6.6% in the 1st quarter. Balefire LLC now owns 1,093 shares of the industrial products company’s stock worth $212,000 after purchasing an additional 68 shares during the last quarter. Sanctuary Advisors LLC grew its stake in shares of UFP Technologies by 3.3% during the first quarter. Sanctuary Advisors LLC now owns 2,287 shares of the industrial products company’s stock worth $443,000 after purchasing an additional 72 shares during the period. PNC Financial Services Group Inc. grew its stake in shares of UFP Technologies by 66.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 236 shares of the industrial products company’s stock worth $52,000 after purchasing an additional 94 shares during the period. Finally, Carnegie Investment Counsel increased its holdings in UFP Technologies by 4.8% in the first quarter. Carnegie Investment Counsel now owns 2,064 shares of the industrial products company’s stock valued at $400,000 after purchasing an additional 94 shares during the last quarter. 87.28% of the stock is currently owned by institutional investors.

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.