UFP Technologies, Inc. (UFPT) VP W David Smith Sells 534 Shares

UFP Technologies, Inc. (NASDAQ:UFPT) VP W David Smith sold 534 shares of the firm’s stock in a transaction dated Monday, April 16th. The shares were sold at an average price of $32.05, for a total transaction of $17,114.70. Following the completion of the sale, the vice president now owns 13,085 shares in the company, valued at $419,374.25. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

W David Smith also recently made the following trade(s):

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  • On Thursday, April 12th, W David Smith sold 500 shares of UFP Technologies stock. The shares were sold at an average price of $32.05, for a total transaction of $16,025.00.
  • On Tuesday, April 10th, W David Smith sold 500 shares of UFP Technologies stock. The shares were sold at an average price of $32.00, for a total transaction of $16,000.00.
  • On Thursday, April 5th, W David Smith sold 1,345 shares of UFP Technologies stock. The stock was sold at an average price of $31.12, for a total transaction of $41,856.40.

UFPT stock traded up $0.55 during trading on Tuesday, reaching $32.20. The company had a trading volume of 16,089 shares, compared to its average volume of 19,490. The stock has a market capitalization of $233.36, a PE ratio of 25.32 and a beta of 0.11. UFP Technologies, Inc. has a twelve month low of $25.30 and a twelve month high of $33.50.

UFP Technologies (NASDAQ:UFPT) last released its earnings results on Thursday, March 1st. The industrial products company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.14. The company had revenue of $37.22 million during the quarter, compared to analysts’ expectations of $36.00 million. UFP Technologies had a net margin of 6.23% and a return on equity of 7.70%. sell-side analysts anticipate that UFP Technologies, Inc. will post 1.78 earnings per share for the current year.

Separately, Zacks Investment Research cut shares of UFP Technologies from a “hold” rating to a “sell” rating in a research note on Friday, February 23rd.

A number of hedge funds have recently added to or reduced their stakes in UFPT. Macquarie Group Ltd. acquired a new stake in UFP Technologies in the 3rd quarter worth approximately $128,000. Stone Ridge Asset Management LLC acquired a new stake in UFP Technologies in the 4th quarter worth approximately $220,000. Wells Fargo & Company MN boosted its stake in 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 worth $252,000 after purchasing an additional 2,766 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its stake in UFP Technologies by 20.2% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 11,900 shares of the industrial products company’s stock worth $331,000 after purchasing an additional 2,000 shares in the last quarter. Finally, Deutsche Bank AG boosted its stake in UFP Technologies by 141.6% in the 4th quarter. Deutsche Bank AG now owns 14,843 shares of the industrial products company’s stock worth $410,000 after purchasing an additional 8,699 shares in the last quarter. Institutional investors own 69.29% of the company’s stock.

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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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