UFP Technologies, Inc. (NASDAQ:UFPT) has been assigned an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating.
Analysts have set a 12-month consensus price target of $30.00 for the company and are anticipating that the company will post $0.40 EPS for the current quarter, according to Zacks. Zacks has also assigned UFP Technologies an industry rank of 20 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research lowered shares of UFP Technologies from a “hold” rating to a “sell” rating in a report on Friday, January 26th.
Several hedge funds and other institutional investors have recently bought and sold shares of UFPT. Macquarie Group Ltd. acquired a new position in shares of UFP Technologies in the 3rd quarter valued at about $128,000. New York State Common Retirement Fund boosted its holdings in shares of UFP Technologies by 559.1% in the 2nd 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 period. The Manufacturers Life Insurance Company boosted its holdings in shares of UFP Technologies by 21.5% in the 2nd 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 period. Stone Ridge Asset Management LLC acquired a new position in shares of UFP Technologies in the 4th quarter valued at about $220,000. Finally, Wells Fargo & Company MN boosted its holdings in shares of UFP Technologies by 44.7% in the 3rd 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 period. 68.03% of the stock is owned by institutional investors and hedge funds.
UFP Technologies (NASDAQ:UFPT) opened at $27.50 on Monday. UFP Technologies has a fifty-two week low of $24.00 and a fifty-two week high of $31.50. The company has a market cap of $199.86, a PE ratio of 25.23 and a beta of 0.15.
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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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