UFP Technologies (NASDAQ:UFPT) Stock Rating Upgraded by Wall Street Zen

UFP Technologies (NASDAQ:UFPT) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Saturday.

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

UFP Technologies Trading Up 0.8%

Shares of UFPT stock opened at $189.45 on Friday. The company has a current ratio of 2.68, a quick ratio of 1.52 and a debt-to-equity ratio of 0.32. UFP Technologies has a 12-month low of $178.26 and a 12-month high of $274.93. The stock has a market capitalization of $1.46 billion, a P/E ratio of 21.58 and a beta of 1.13. The firm’s 50 day moving average is $229.80 and its 200 day moving average is $221.02.

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

Institutional Investors Weigh In On UFP Technologies

A number of hedge funds have recently modified their holdings of UFPT. Global Retirement Partners LLC purchased a new stake in shares of UFP Technologies in the 4th quarter worth $28,000. Smartleaf Asset Management LLC lifted its position in UFP Technologies by 1,500.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 176 shares of the industrial products company’s stock valued at $41,000 after purchasing an additional 165 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in UFP Technologies by 179.0% during the second quarter. PNC Financial Services Group Inc. now owns 173 shares of the industrial products company’s stock valued at $42,000 after purchasing an additional 111 shares during the period. Canada Pension Plan Investment Board bought a new stake in UFP Technologies during the second quarter valued at about $49,000. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in UFP Technologies in the third quarter worth about $51,000. Institutional investors own 87.28% of the company’s stock.

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.