Public Employees Retirement System of Ohio Raises Stock Position in UFP Technologies, Inc. $UFPT

Public Employees Retirement System of Ohio boosted its stake in UFP Technologies, Inc. (NASDAQ:UFPT) by 13.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 20,779 shares of the industrial products company’s stock after purchasing an additional 2,485 shares during the period. Public Employees Retirement System of Ohio owned approximately 0.27% of UFP Technologies worth $4,023,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC grew its holdings in shares of UFP Technologies by 60.3% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 166,135 shares of the industrial products company’s stock valued at $37,115,000 after buying an additional 62,472 shares in the last quarter. UBS Group AG lifted its stake in UFP Technologies by 22.4% in the 4th quarter. UBS Group AG now owns 189,403 shares of the industrial products company’s stock worth $42,053,000 after acquiring an additional 34,715 shares in the last quarter. Maridea Wealth Management LLC acquired a new stake in UFP Technologies during the 1st quarter worth about $1,465,000. Y Intercept Hong Kong Ltd acquired a new stake in UFP Technologies during the 1st quarter worth about $953,000. Finally, Boston Trust Walden Corp grew its stake in UFP Technologies by 36.3% during the 1st quarter. Boston Trust Walden Corp now owns 317,072 shares of the industrial products company’s stock valued at $61,385,000 after acquiring an additional 84,396 shares in the last quarter. 87.28% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of UFP Technologies in a report on Friday, May 29th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $289.00.

Insider Transactions at UFP Technologies

In other news, Director Cynthia L. Feldmann sold 1,200 shares of UFP Technologies stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $239.29, for a total transaction of $287,148.00. Following the completion of the sale, the director directly owned 5,476 shares in the company, valued at $1,310,352.04. The trade was a 17.97% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 of the company’s stock, 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. 4.59% of the stock is owned by company insiders.

UFP Technologies Trading Down 0.0%

UFP Technologies stock opened at $255.03 on Friday. UFP Technologies, Inc. has a 12 month low of $173.86 and a 12 month high of $279.49. The company has a quick ratio of 1.69, a current ratio of 2.91 and a debt-to-equity ratio of 0.32. The stock has a market cap of $1.97 billion, a P/E ratio of 28.95 and a beta of 1.07. The company’s fifty day simple moving average is $241.36 and its 200-day simple moving average is $228.31.

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

UFP Technologies Company Profile

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.