New insider activity at Ufp Technologies ( (UFPT) ) has taken place on March 4, 2025.
Director Daniel C. Croteau has made a significant move by selling 6,846 shares of UFP Technologies stock, amounting to a total transaction value of $1,563,723.
Recent Updates on UFPT stock
UFP Technologies has reported record-breaking financial results for 2024, with significant growth in net income and sales, driven by strong performance in its MedTech sales and recent acquisitions. The company saw a 31.3% increase in net income to $59.0 million and a 26.1% rise in net sales to $504.4 million, with the fourth quarter alone witnessing a 41.1% increase in net income and a 41.9% increase in sales compared to the same period in 2023. The company’s gross margin improved to 29.1%, reflecting enhanced operational efficiency. Strategic expansions in the Dominican Republic and successful acquisitions have contributed to this growth. Looking forward, UFP Technologies plans to launch two major programs in 2025 and focus on acquisition strategies to strengthen its platform, supported by strong cash flow to reduce debt and finance future deals. Additionally, the company has approved salary increases and stock unit awards for its executive officers, linking bonuses to performance goals.
More about Ufp Technologies
YTD Price Performance: -7.57%
Average Trading Volume: 105,536
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $1.75B