UFP Technologies (NASDAQ:UFPT) Upgraded 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 sent to investors on Saturday.

Separately, Zacks Research upgraded shares of UFP Technologies from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 14th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $289.00.

UFP Technologies Trading Down 1.4%

Shares of UFPT stock opened at $186.76 on Friday. The business has a 50-day moving average of $228.33 and a 200 day moving average of $221.17. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.68 and a quick ratio of 1.52. UFP Technologies has a 1-year low of $178.26 and a 1-year high of $274.93. The stock has a market capitalization of $1.44 billion, a PE ratio of 21.27 and a beta of 1.13.

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

Institutional Trading of UFP Technologies

Several large investors have recently modified their holdings of the business. Global Retirement Partners LLC bought a new position in UFP Technologies during the 4th quarter valued at approximately $28,000. Smartleaf Asset Management LLC lifted its holdings in UFP Technologies by 1,500.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 176 shares of the industrial products company’s stock worth $41,000 after buying an additional 165 shares during the period. PNC Financial Services Group Inc. grew its position in shares of UFP Technologies by 179.0% in the 2nd quarter. PNC Financial Services Group Inc. now owns 173 shares of the industrial products company’s stock worth $42,000 after buying an additional 111 shares during the last quarter. Canada Pension Plan Investment Board bought a new stake in shares of UFP Technologies in the 2nd quarter worth approximately $49,000. Finally, Caitong International Asset Management Co. Ltd bought a new stake in shares of UFP Technologies in the 3rd quarter worth approximately $51,000. 87.28% of the stock is owned by institutional investors.

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.