UFP Technologies, Inc. $UFPT Shares Sold by Montrusco Bolton Investments Inc.

Montrusco Bolton Investments Inc. cut its stake in UFP Technologies, Inc. (NASDAQ:UFPT) by 87.2% in the first quarter, Holdings Channel.com reports. The firm owned 2,604 shares of the industrial products company’s stock after selling 17,725 shares during the quarter. Montrusco Bolton Investments Inc.’s holdings in UFP Technologies were worth $504,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in UFPT. Global Retirement Partners LLC purchased a new stake in UFP Technologies in the 4th quarter valued at $28,000. Smartleaf Asset Management LLC raised its holdings in shares of UFP Technologies by 1,500.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 176 shares of the industrial products company’s stock worth $41,000 after acquiring an additional 165 shares during the period. Canada Pension Plan Investment Board purchased a new position in shares of UFP Technologies during the 2nd quarter worth $49,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of UFP Technologies during the 3rd quarter valued at about $51,000. Finally, PNC Financial Services Group Inc. boosted its position in shares of UFP Technologies by 66.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 236 shares of the industrial products company’s stock valued at $52,000 after acquiring an additional 94 shares during the last quarter. Hedge funds and other institutional investors own 87.28% of the company’s stock.

Insider Buying and Selling

In related news, Director Cynthia L. Feldmann sold 1,200 shares of UFP Technologies stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $239.29, for a total value of $287,148.00. Following the completion of the sale, the director owned 5,476 shares in the company, valued at approximately $1,310,352.04. This trade represents a 17.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Daniel C. Croteau sold 2,864 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $221.71, for a total value of $634,977.44. Following the completion of the sale, the director directly owned 855 shares in the company, valued at approximately $189,562.05. The trade was a 77.01% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 4.59% of the company’s stock.

UFP Technologies Stock Performance

NASDAQ UFPT opened at $272.36 on Friday. The firm’s 50-day moving average is $227.93 and its two-hundred day moving average is $226.47. UFP Technologies, Inc. has a 12 month low of $173.86 and a 12 month high of $275.20. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.91 and a quick ratio of 1.69. The stock has a market capitalization of $2.11 billion, a P/E ratio of 30.91 and a beta of 1.07.

UFP Technologies (NASDAQ:UFPT) last announced its quarterly earnings results on Monday, May 4th. The industrial products company reported $2.48 earnings per share for the quarter, beating analysts’ consensus estimates of $2.18 by $0.30. The business had revenue of $154.20 million during the quarter, compared to analysts’ expectations of $154.78 million. UFP Technologies had a net margin of 11.27% and a return on equity of 18.47%. The business’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same period last year, the business earned $2.47 earnings per share. On average, sell-side analysts anticipate that UFP Technologies, Inc. will post 10.23 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Weiss Ratings restated a “hold (c)” rating on shares of UFP Technologies in a research report on Friday, May 29th. Wall Street Zen upgraded shares of UFP Technologies from a “sell” rating to a “hold” rating in a report on Saturday, March 28th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company presently 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.