UFP Technologies, Inc. (UFPT) Given Consensus Rating of “Strong Buy” by Brokerages

UFP Technologies, Inc. (NASDAQ:UFPT) has been given an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.

Analysts have set a 12 month consensus target price of $30.00 for the company and are predicting that the company will post $0.23 earnings per share for the current quarter, according to Zacks. Zacks has also given UFP Technologies an industry rank of 71 out of 265 based on the ratings given to its competitors.

Separately, Zacks Investment Research downgraded UFP Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, October 25th.

A number of hedge funds have recently bought and sold shares of the stock. Bank of New York Mellon Corp lifted its stake in UFP Technologies by 2.6% in the first quarter. Bank of New York Mellon Corp now owns 41,584 shares of the industrial products company’s stock valued at $1,077,000 after buying an additional 1,041 shares during the last quarter. American International Group Inc. lifted its stake in UFP Technologies by 6.9% in the first quarter. American International Group Inc. now owns 3,939 shares of the industrial products company’s stock valued at $102,000 after buying an additional 255 shares during the last quarter. Geode Capital Management LLC lifted its stake in UFP Technologies by 5.0% in the first quarter. Geode Capital Management LLC now owns 52,650 shares of the industrial products company’s stock valued at $1,363,000 after buying an additional 2,491 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in UFP Technologies by 19.5% in the first quarter. Dimensional Fund Advisors LP now owns 124,106 shares of the industrial products company’s stock valued at $3,214,000 after buying an additional 20,292 shares during the last quarter. Finally, First Quadrant L P CA purchased a new stake in UFP Technologies in the second quarter valued at approximately $187,000. Hedge funds and other institutional investors own 67.62% of the company’s stock.

Shares of UFP Technologies (NASDAQ:UFPT) traded up $0.45 during trading hours on Monday, hitting $26.80. The company had a trading volume of 10,500 shares, compared to its average volume of 21,913. The firm has a market cap of $194.77, a P/E ratio of 24.59 and a beta of 0.18. UFP Technologies has a 1 year low of $22.95 and a 1 year high of $31.50.

UFP Technologies (NASDAQ:UFPT) last issued its quarterly earnings data on Thursday, November 2nd. The industrial products company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.13). The business had revenue of $35.68 million for the quarter, compared to analyst estimates of $38.70 million. UFP Technologies had a return on equity of 6.83% and a net margin of 5.43%. equities analysts predict that UFP Technologies will post 1.12 earnings per share for the current fiscal year.

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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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