Peterson Wealth Services Boosts Stake in UFP Technologies, Inc. $UFPT

Peterson Wealth Services lifted its stake in shares of UFP Technologies, Inc. (NASDAQ:UFPT) by 496.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,091 shares of the industrial products company’s stock after buying an additional 15,892 shares during the quarter. UFP Technologies makes up about 0.9% of Peterson Wealth Services’ investment portfolio, making the stock its 24th largest holding. Peterson Wealth Services owned approximately 0.25% of UFP Technologies worth $3,811,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC raised its position in shares of UFP Technologies by 290.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 121 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 90 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in UFP Technologies by 179.0% during the 2nd quarter. PNC Financial Services Group Inc. now owns 173 shares of the industrial products company’s stock valued at $42,000 after purchasing an additional 111 shares during the period. Canada Pension Plan Investment Board acquired a new position in shares of UFP Technologies during the second quarter worth approximately $49,000. State of Wyoming grew its stake in shares of UFP Technologies by 22.7% in the third quarter. State of Wyoming now owns 341 shares of the industrial products company’s stock worth $68,000 after purchasing an additional 63 shares in the last quarter. Finally, Pacer Advisors Inc. bought a new position in UFP Technologies in the 3rd quarter valued at about $108,000. 87.28% of the stock is currently owned by institutional investors.

UFP Technologies Stock Up 1.9%

Shares of NASDAQ:UFPT opened at $255.87 on Tuesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.36 and a current ratio of 2.41. The company has a market capitalization of $1.97 billion, a PE ratio of 29.65 and a beta of 1.11. UFP Technologies, Inc. has a 52 week low of $178.26 and a 52 week high of $289.57. The company’s fifty day moving average is $236.97 and its 200-day moving average is $220.73.

UFP Technologies (NASDAQ:UFPT) last released its quarterly earnings results on Monday, November 3rd. The industrial products company reported $2.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.22 by $0.17. The business had revenue of $154.56 million during the quarter, compared to analysts’ expectations of $149.56 million. UFP Technologies had a return on equity of 20.45% and a net margin of 11.23%.The firm’s quarterly revenue was up 6.5% compared to the same quarter last year.

Insider Buying and Selling

In other news, SVP Christopher P. Litterio sold 1,829 shares of the business’s stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $227.20, for a total value of $415,548.80. Following the sale, the senior vice president owned 10,756 shares of the company’s stock, valued at $2,443,763.20. The trade was a 14.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 4.40% of the company’s stock.

Wall Street Analysts Forecast Growth

UFPT has been the topic of several research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of UFP Technologies in a research report on Wednesday, October 8th. Zacks Research upgraded UFP Technologies from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 14th. Finally, Wall Street Zen lowered shares of UFP Technologies from a “hold” rating to a “sell” rating in a research note on Friday, November 28th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $289.00.

About UFP Technologies

UFP Technologies, Inc (NASDAQ: UFPT) is a global designer and manufacturer of custom-engineered products using plastics, foams and adhesives. The company partners with customers to develop application-specific solutions through a range of in-house processes, including foam fabrication, die cutting, sheet processing, lamination, machining and assembly services. Its components find use in industries requiring precise material properties, such as medical devices, aerospace, defense, electronics and transportation.

Building on its origins as a specialty foam converter, UFP Technologies has expanded its capabilities to include advanced material technologies, such as thermal management and electromagnetic interference (EMI) shielding solutions.