Insider Selling: UFP Technologies, Inc. (UFPT) VP Sells $17,114.70 in Stock

UFP Technologies, Inc. (NASDAQ:UFPT) VP W David Smith sold 534 shares of the stock in a transaction that occurred on 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 directly owns 13,085 shares in the company, valued at $419,374.25. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

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 shares were sold at an average price of $31.12, for a total transaction of $41,856.40.

Shares of UFP Technologies stock opened at $31.85 on Friday. UFP Technologies, Inc. has a 12-month low of $25.35 and a 12-month high of $33.50. The firm has a market capitalization of $234.09, a PE ratio of 25.40 and a beta of 0.11.



UFP Technologies (NASDAQ:UFPT) last issued its earnings results on Thursday, March 1st. The industrial products company reported $0.37 earnings per share (EPS) 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 7.70%. The business had revenue of $37.22 million during the quarter, compared to analysts’ expectations of $36.00 million. sell-side analysts expect that UFP Technologies, Inc. will post 1.78 earnings per share for the current year.

Several institutional investors have recently modified their holdings of the company. Wells Fargo & Company MN boosted its holdings in shares of UFP Technologies by 19.8% in the 4th quarter. Wells Fargo & Company MN now owns 10,730 shares of the industrial products company’s stock valued at $299,000 after buying an additional 1,773 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in shares of 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 valued at $331,000 after buying an additional 2,000 shares in the last quarter. Nationwide Fund Advisors boosted its holdings in shares of UFP Technologies by 7.8% in the 3rd quarter. Nationwide Fund Advisors now owns 43,975 shares of the industrial products company’s stock valued at $1,236,000 after buying an additional 3,200 shares in the last quarter. Macquarie Group Ltd. acquired a new position in shares of UFP Technologies in the 3rd quarter valued at $128,000. Finally, Bank of New York Mellon Corp boosted its holdings in shares of UFP Technologies by 11.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 48,603 shares of the industrial products company’s stock valued at $1,365,000 after buying an additional 4,994 shares in the last quarter. Institutional investors and hedge funds own 69.29% of the company’s stock.

Separately, Zacks Investment Research upgraded shares of UFP Technologies from a “hold” rating to a “buy” rating and set a $35.00 target price for the company in a report on Friday, April 6th.

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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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