UFP Technologies (NASDAQ:UFPT) Sees Unusually-High Trading Volume – Should You Buy?

UFP Technologies, Inc. (NASDAQ:UFPT) shares saw unusually-high trading volume on Wednesday . Approximately 36,492 shares were traded during mid-day trading, a decline of 38% from the previous session’s volume of 59,274 shares.The stock last traded at $280.00 and had previously closed at $276.41.

Analysts Set New Price Targets

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

UFP Technologies Stock Down 0.5 %

The firm has a market cap of $2.13 billion, a P/E ratio of 43.35 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 has a fifty day moving average of $317.26 and a 200-day moving average of $286.24.

UFP Technologies (NASDAQ:UFPT) last posted its quarterly earnings results 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

In other UFP Technologies news, CFO Ronald J. Lataille sold 2,392 shares of the company’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $329.04, for a total value of $787,063.68. Following the transaction, the chief financial officer now directly owns 38,940 shares of the company’s stock, valued at $12,812,817.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other UFP Technologies news, CFO Ronald J. Lataille sold 2,392 shares of the business’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $329.04, for a total value of $787,063.68. Following the completion of the sale, the chief financial officer now owns 38,940 shares of the company’s stock, valued at $12,812,817.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Ronald J. Lataille sold 4,798 shares of the stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $330.44, for a total transaction of $1,585,451.12. Following the transaction, the chief financial officer now owns 41,332 shares in the company, valued at approximately $13,657,746.08. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 68,134 shares of company stock worth $21,494,247. Company insiders own 6.17% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of UFPT. Vanguard Group Inc. lifted its holdings 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 worth $91,835,000 after buying an additional 26,269 shares during the period. Tidal Investments LLC acquired a new stake in UFP Technologies during the 1st quarter worth about $448,000. Congress Wealth Management LLC DE grew its position in shares of UFP Technologies by 221.7% during the 1st quarter. Congress Wealth Management LLC DE now owns 34,672 shares of the industrial products company’s stock worth $8,744,000 after buying an additional 23,895 shares during the period. Price T Rowe Associates Inc. MD increased its stake in shares of UFP Technologies by 2,331.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 43,134 shares of the industrial products company’s stock valued at $10,879,000 after acquiring an additional 41,360 shares in the last quarter. Finally, SG Americas Securities LLC lifted its position in shares of UFP Technologies by 489.8% during the 1st quarter. SG Americas Securities LLC now owns 4,158 shares of the industrial products company’s stock valued at $1,049,000 after acquiring an additional 3,453 shares during the period. Institutional investors own 87.28% of the company’s stock.

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.