UFP Technologies (NASDAQ:UFPT) Trading Down 4.6% – Time to Sell?

UFP Technologies, Inc. (NASDAQ:UFPT) fell 4.6% during mid-day trading on Tuesday . The stock traded as low as $279.06 and last traded at $279.06. 55,039 shares were traded during trading, a decline of 7% from the average session volume of 59,181 shares. The stock had previously closed at $292.66.

Analyst Ratings Changes

Separately, Lake Street Capital increased their price target on shares of UFP Technologies from $344.00 to $392.00 and gave the stock a “buy” rating in a research report on Wednesday, July 17th.

UFP Technologies Price Performance

The firm has a market cap of $2.12 billion, a PE ratio of 43.09 and a beta of 0.93. The company has a quick ratio of 1.63, a current ratio of 3.13 and a debt-to-equity ratio of 0.14. The firm’s fifty day simple moving average is $319.49 and its two-hundred day simple moving average is $286.17.

UFP Technologies (NASDAQ:UFPT) last released its quarterly earnings data on Wednesday, July 31st. The industrial products company reported $1.86 earnings per share (EPS) for the quarter. UFP Technologies had a net margin of 11.87% and a return on equity of 17.53%. The firm had revenue of $110.18 million for the quarter.

Insider Buying and Selling at UFP Technologies

In other news, CFO Ronald J. Lataille sold 11,466 shares of the business’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $301.65, for a total transaction of $3,458,718.90. Following the completion of the sale, the chief financial officer now directly owns 46,130 shares of the company’s stock, valued at approximately $13,915,114.50. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other UFP Technologies news, CEO R Jeffrey Bailly sold 1,083 shares of UFP Technologies stock in a transaction on Monday, August 12th. The stock was sold at an average price of $310.36, for a total transaction of $336,119.88. Following the completion of the sale, the chief executive officer now directly owns 139,341 shares of the company’s stock, valued at $43,245,872.76. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Ronald J. Lataille sold 11,466 shares of UFP Technologies stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $301.65, for a total value of $3,458,718.90. Following the sale, the chief financial officer now directly owns 46,130 shares of the company’s stock, valued at approximately $13,915,114.50. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 68,134 shares of company stock worth $21,494,247 over the last 90 days. 6.17% of the stock is owned by insiders.

Institutional Investors Weigh In On UFP Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. raised its position in UFP Technologies by 5.2% during the 4th quarter. Vanguard Group Inc. now owns 533,800 shares of the industrial products company’s stock valued at $91,835,000 after purchasing an additional 26,269 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in UFP Technologies by 2.6% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 105,118 shares of the industrial products company’s stock valued at $27,737,000 after purchasing an additional 2,699 shares in the last quarter. Swedbank AB bought a new stake in UFP Technologies during the 1st quarter valued at $25,220,000. Mountain Pacific Investment Advisers LLC raised its position in UFP Technologies by 0.3% during the 3rd quarter. Mountain Pacific Investment Advisers LLC now owns 92,976 shares of the industrial products company’s stock valued at $29,445,000 after purchasing an additional 238 shares in the last quarter. Finally, Lord Abbett & CO. LLC raised its position in shares of UFP Technologies by 83.1% in the 1st quarter. Lord Abbett & CO. LLC now owns 74,510 shares of the industrial products company’s stock worth $18,791,000 after acquiring an additional 33,806 shares in the last quarter. 87.28% of the stock is owned by institutional investors.

UFP Technologies Company Profile

UFP Technologies, Inc designs and manufactures solutions for medical devices, sterile packaging, and other highly engineered custom products. The company offers protective drapes for robotic surgery, single patient use surfaces, advanced wound care, infection prevention, disposables for surgical and endoscopic procedures, packaging for medical devices, orthopedic implants, biopharma drug manufacturing, and coils for catheters; and molded components for applications in acoustic insulation, interior trim, load floors, sunshades, SUV cargo cover handles, driveshaft damping, engine and manifold covers, quarter panels, and wheel liners.