Thomas Oberdorf Sells 4,200 Shares of UFP Technologies, Inc. (NASDAQ:UFPT) Stock

Posted by Defense World Staff on May 9th, 2023

UFP Technologies, Inc. (NASDAQ:UFPT – Get Rating) Director Thomas Oberdorf sold 4,200 shares of the business’s stock in a transaction that occurred on Thursday, May 4th. The shares were sold at an average price of $141.50, for a total transaction of $594,300.00. Following the transaction, the director now owns 25,764 shares of the company’s stock, valued at approximately $3,645,606. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Thomas Oberdorf also recently made the following trade(s):

On Monday, May 8th, Thomas Oberdorf sold 7,200 shares of UFP Technologies stock. The shares were sold at an average price of $141.82, for a total value of $1,021,104.00.

UFP Technologies Stock Performance

Shares of UFPT stock opened at $142.49 on Tuesday. The stock has a market cap of $1.08 billion, a P/E ratio of 23.36 and a beta of 0.78. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.08 and a quick ratio of 1.12. The company has a fifty day moving average price of $127.82 and a two-hundred day moving average price of $118.28. UFP Technologies, Inc. has a one year low of $70.20 and a one year high of $151.50.

UFP Technologies (NASDAQ:UFPT – Get Rating) last released its quarterly earnings results on Tuesday, March 7th. The industrial products company reported $1.10 earnings per share for the quarter. The business had revenue of $91.24 million during the quarter. UFP Technologies had a return on equity of 23.96% and a net margin of 12.27%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on UFPT. VNET Group reiterated a “maintains” rating on shares of UFP Technologies in a report on Wednesday, May 3rd. StockNews.com assumed coverage on UFP Technologies in a research report on Thursday, March 16th. They set a “sell” rating for the company. Finally, Lake Street Capital increased their target price on shares of UFP Technologies from $131.00 to $171.00 in a report on Wednesday, May 3rd.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. MetLife Investment Management LLC raised its stake in UFP Technologies by 57.2% in the first quarter. MetLife Investment Management LLC now owns 3,189 shares of the industrial products company’s stock valued at $211,000 after purchasing an additional 1,161 shares in the last quarter. Rothschild & Co. Asset Management US Inc. raised its position in UFP Technologies by 0.9% during the first quarter. Rothschild & Co. Asset Management US Inc. now owns 23,735 shares of the industrial products company’s stock valued at $1,571,000 after purchasing an additional 211 shares in the last quarter. Loomis Sayles & Co. L P raised its position in UFP Technologies by 36.0% during the first quarter. Loomis Sayles & Co. L P now owns 108,739 shares of the industrial products company’s stock valued at $7,195,000 after purchasing an additional 28,768 shares in the last quarter. State Street Corp raised its position in UFP Technologies by 8.4% during the first quarter. State Street Corp now owns 136,040 shares of the industrial products company’s stock valued at $9,002,000 after purchasing an additional 10,555 shares in the last quarter. Finally, Wellington Management Group LLP raised its stake in UFP Technologies by 6.5% during the first quarter. Wellington Management Group LLP now owns 219,674 shares of the industrial products company’s stock worth $14,536,000 after acquiring an additional 13,479 shares in the last quarter. Institutional investors own 80.34% of the company’s stock.

UFP Technologies Company Profile

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UFP Technologies, Inc engages in designing and custom manufacturing of components, subassemblies, products and packaging utilizing specialized foams, films, and plastics primarily for the medical market. The firm manufactures its products by converting raw materials using laminating, molding, radio frequency and impulse welding and fabricating manufacturing techniques. �It’s single-use and single-patient devices and components are used in a wide range of medical devices, disposable wound care products, infection prevention, minimally invasive surgery, wearables, orthopedic soft goods, and orthopedic implant packaging.