UFP Technologies, Inc. (NASDAQ:UFPT) has been given a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy recommendation.
Analysts have set a 12-month consensus price objective of $30.00 for the company and are predicting that the company will post $0.40 earnings per share for the current quarter, according to Zacks. Zacks has also assigned UFP Technologies an industry rank of 33 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research downgraded shares of UFP Technologies from a “hold” rating to a “sell” rating in a research note on Friday, January 26th.
UFP Technologies (NASDAQ:UFPT) last posted its quarterly earnings results on Thursday, March 1st. The industrial products company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.14. UFP Technologies had a net margin of 6.23% and a return on equity of 7.78%. The firm had revenue of $37.22 million during the quarter, compared to the consensus estimate of $36.00 million. equities research analysts expect that UFP Technologies will post 1.76 earnings per share for the current year.
A number of institutional investors and hedge funds have recently bought and sold shares of UFPT. Macquarie Group Ltd. acquired a new position in shares of UFP Technologies during the third quarter valued at about $128,000. New York State Common Retirement Fund grew its holdings in shares of UFP Technologies by 559.1% during the second quarter. New York State Common Retirement Fund now owns 6,598 shares of the industrial products company’s stock valued at $187,000 after buying an additional 5,597 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of UFP Technologies by 21.5% during the second quarter. The Manufacturers Life Insurance Company now owns 6,998 shares of the industrial products company’s stock valued at $198,000 after buying an additional 1,237 shares during the last quarter. Stone Ridge Asset Management LLC acquired a new position in shares of UFP Technologies during the fourth quarter valued at about $220,000. Finally, Wells Fargo & Company MN grew its holdings in shares of UFP Technologies by 44.7% during the third quarter. Wells Fargo & Company MN now owns 8,957 shares of the industrial products company’s stock valued at $252,000 after buying an additional 2,766 shares during the last quarter. 69.77% of the stock is owned by hedge funds and other institutional investors.
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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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