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

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

UFP Technologies Trading Up 0.0%

UFPT opened at $300.05 on Friday. UFP Technologies, Inc. has a one year low of $173.86 and a one year high of $338.71. The company has a market cap of $2.33 billion, a P/E ratio of 32.33 and a beta of 1.08. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.72 and a current ratio of 3.00. The business’s 50-day simple moving average is $275.23 and its 200-day simple moving average is $236.19.

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

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Weiss Ratings upgraded 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 upgraded shares of UFP Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat, UFP Technologies presently has an average rating of “Hold”.

Institutional Trading of UFP Technologies

A number of large investors have recently made changes to their positions in UFPT. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in UFP Technologies during the 2nd quarter worth approximately $398,000. California State Teachers Retirement System lifted its stake in UFP Technologies by 25,730.1% in the second quarter. California State Teachers Retirement System now owns 2,366,550 shares of the industrial products company’s stock valued at $627,443,000 after buying an additional 2,357,388 shares during the last quarter. Nykredit A S purchased a new stake in UFP Technologies in the second quarter valued at approximately $126,000. Grandeur Peak Global Advisors LLC boosted its holdings in shares of UFP Technologies by 43.3% in the second quarter. Grandeur Peak Global Advisors LLC now owns 2,848 shares of the industrial products company’s stock valued at $755,000 after acquiring an additional 860 shares during the period. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in shares of UFP Technologies in the second quarter valued at approximately $887,000. 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.