Lake Street Capital Raises UFP Technologies (NASDAQ:UFPT) Price Target to $300.00

UFP Technologies (NASDAQ:UFPT) had its target price upped by Lake Street Capital from $270.00 to $300.00 in a research note issued to investors on Friday morning, Benzinga reports. The brokerage currently has a buy rating on the industrial products company’s stock.

Separately, CJS Securities started coverage on UFP Technologies in a research note on Wednesday, March 20th. They issued an outperform rating and a $255.00 price target for the company.

UFP Technologies Trading Up 2.4 %

NASDAQ UFPT opened at $263.87 on Friday. The firm has a market cap of $2.02 billion, a P/E ratio of 42.42 and a beta of 0.97. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.87 and a quick ratio of 1.46. The stock’s 50-day moving average is $250.46 and its 200-day moving average is $215.27. UFP Technologies has a one year low of $127.29 and a one year high of $270.72.

UFP Technologies (NASDAQ:UFPT) last announced its earnings results on Wednesday, May 1st. The industrial products company reported $1.66 earnings per share (EPS) for the quarter. The business had revenue of $105.01 million for the quarter. UFP Technologies had a return on equity of 17.40% and a net margin of 11.75%.

Institutional Trading of UFP Technologies

Several institutional investors have recently added to or reduced their stakes in UFPT. Federated Hermes Inc. raised its holdings in UFP Technologies by 98.6% in the 4th quarter. Federated Hermes Inc. now owns 147 shares of the industrial products company’s stock valued at $25,000 after acquiring an additional 73 shares in the last quarter. Yousif Capital Management LLC raised its holdings in UFP Technologies by 1.9% in the 4th quarter. Yousif Capital Management LLC now owns 4,061 shares of the industrial products company’s stock valued at $699,000 after acquiring an additional 74 shares in the last quarter. Moran Wealth Management LLC raised its holdings in UFP Technologies by 3.8% in the 4th quarter. Moran Wealth Management LLC now owns 2,165 shares of the industrial products company’s stock valued at $372,000 after acquiring an additional 80 shares in the last quarter. Texas Permanent School Fund Corp raised its holdings in UFP Technologies by 1.3% in the 1st quarter. Texas Permanent School Fund Corp now owns 6,151 shares of the industrial products company’s stock valued at $1,551,000 after acquiring an additional 81 shares in the last quarter. Finally, Illinois Municipal Retirement Fund raised its holdings in UFP Technologies by 2.3% in the 1st quarter. Illinois Municipal Retirement Fund now owns 4,035 shares of the industrial products company’s stock valued at $1,018,000 after acquiring an additional 90 shares in the last quarter. 87.28% of the stock is currently owned by institutional investors.

About UFP Technologies

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.