UFP Technologies, Inc. (NASDAQ:UFPT) has been given an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.
Brokerages have set a 12 month consensus price target of $30.00 for the company and are forecasting that the company will post $0.40 EPS for the current quarter, according to Zacks. Zacks has also given UFP Technologies an industry rank of 20 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research downgraded shares of UFP Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, November 21st.
Institutional investors and hedge funds have recently made changes to their positions in the stock. State Street Corp grew its position in UFP Technologies by 8.1% during the second quarter. State Street Corp now owns 111,586 shares of the industrial products company’s stock valued at $3,160,000 after purchasing an additional 8,341 shares in the last quarter. Dimensional Fund Advisors LP grew its position in UFP Technologies by 19.9% during the second quarter. Dimensional Fund Advisors LP now owns 148,830 shares of the industrial products company’s stock valued at $4,212,000 after purchasing an additional 24,724 shares in the last quarter. Bessemer Group Inc. grew its position in UFP Technologies by 64.1% during the third quarter. Bessemer Group Inc. now owns 12,800 shares of the industrial products company’s stock valued at $360,000 after purchasing an additional 5,000 shares in the last quarter. Quantum Capital Management purchased a new position in UFP Technologies during the third quarter valued at approximately $983,000. Finally, Northern Trust Corp grew its position in UFP Technologies by 6.7% during the second quarter. Northern Trust Corp now owns 87,559 shares of the industrial products company’s stock valued at $2,478,000 after purchasing an additional 5,475 shares in the last quarter. 68.03% of the stock is currently owned by hedge funds and other institutional investors.
UFP Technologies (UFPT) opened at $27.50 on Monday. UFP Technologies has a 1 year low of $24.00 and a 1 year high of $31.50. The company has a market cap of $199.86, a P/E ratio of 25.23 and a beta of 0.15.
About UFP Technologies
UFP Technologies, Inc is a designer and custom converter of foams, plastics, composites and natural fiber materials. The Company is engaged in providing solutions to customers primarily within the medical, automotive, consumer, electronics, industrial, and aerospace and defense markets. It converts these materials using laminating, molding, and fabricating manufacturing technologies.
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