UFP Technologies (NASDAQ:UFPT) Research Coverage Started at Raymond James

Raymond James assumed coverage on shares of UFP Technologies (NASDAQ:UFPT) in a research report released on Friday morning, MarketBeat.com reports. The firm issued a market perform rating on the industrial products company’s stock.

Separately, StockNews.com lowered shares of UFP Technologies from a “hold” rating to a “sell” rating in a research report on Thursday, January 23rd.

UFP Technologies Stock Down 1.9 %

UFP Technologies stock opened at $199.32 on Friday. The business’s 50-day moving average price is $241.95 and its 200 day moving average price is $273.47. The company has a quick ratio of 1.43, a current ratio of 2.57 and a debt-to-equity ratio of 0.64. The firm has a market cap of $1.53 billion, a price-to-earnings ratio of 28.43 and a beta of 1.15. UFP Technologies has a 52 week low of $198.10 and a 52 week high of $366.41.

UFP Technologies (NASDAQ:UFPT) last released its quarterly earnings data on Tuesday, February 25th. The industrial products company reported $2.46 EPS for the quarter, topping the consensus estimate of $2.01 by $0.45. The business had revenue of $144.07 million for the quarter, compared to analyst estimates of $141.67 million. UFP Technologies had a return on equity of 18.92% and a net margin of 11.74%.

Insider Activity

In related news, Director Daniel C. Croteau sold 6,846 shares of the business’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $228.41, for a total value of $1,563,694.86. Following the sale, the director now owns 1,785 shares in the company, valued at approximately $407,711.85. The trade was a 79.32 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 6.17% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of UFPT. AlphaQuest LLC acquired a new stake in UFP Technologies in the fourth quarter valued at approximately $25,000. Johnson Financial Group Inc. purchased a new position in shares of UFP Technologies in the 4th quarter valued at $42,000. Venturi Wealth Management LLC acquired a new stake in UFP Technologies during the 4th quarter worth $74,000. EverSource Wealth Advisors LLC lifted its position in UFP Technologies by 24.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 333 shares of the industrial products company’s stock valued at $81,000 after acquiring an additional 66 shares during the last quarter. Finally, Lazard Asset Management LLC acquired a new position in UFP Technologies in the fourth quarter valued at $84,000. 87.28% of the stock is currently owned by hedge funds and other 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.