Wasatch Advisors LP Purchases 41,286 Shares of UFP Technologies, Inc. $UFPT

Wasatch Advisors LP boosted its holdings in shares of UFP Technologies, Inc. (NASDAQ:UFPT) by 5.6% in the first quarter, HoldingsChannel reports. The firm owned 777,313 shares of the industrial products company’s stock after acquiring an additional 41,286 shares during the period. Wasatch Advisors LP owned approximately 0.10% of UFP Technologies worth $150,488,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of UFPT. Allspring Global Investments Holdings LLC lifted its stake 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 acquiring an additional 62,472 shares during the period. UBS Group AG boosted its holdings in UFP Technologies by 22.4% in the fourth quarter. UBS Group AG now owns 189,403 shares of the industrial products company’s stock valued at $42,053,000 after acquiring an additional 34,715 shares during the last quarter. Congress Asset Management Co. increased its position in UFP Technologies by 32.4% in the fourth quarter. Congress Asset Management Co. now owns 441,122 shares of the industrial products company’s stock worth $97,942,000 after purchasing an additional 107,908 shares during the period. Geneva Capital Management LLC increased its position in UFP Technologies by 88.6% in the third quarter. Geneva Capital Management LLC now owns 158,496 shares of the industrial products company’s stock worth $31,636,000 after purchasing an additional 74,461 shares during the period. Finally, Annex Advisory Services LLC raised its holdings in UFP Technologies by 3.5% during the 4th quarter. Annex Advisory Services LLC now owns 126,884 shares of the industrial products company’s stock worth $28,172,000 after purchasing an additional 4,271 shares during the last quarter. Institutional investors own 87.28% of the company’s stock.

Insider Activity at UFP Technologies

In related news, Director Cynthia L. Feldmann sold 1,200 shares of the stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $1,310,352.04. This represents a 17.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Daniel C. Croteau sold 2,864 shares of the firm’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $221.71, for a total transaction of $634,977.44. Following the sale, the director owned 855 shares in the company, valued at $189,562.05. This trade represents a 77.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 4.59% of the stock is currently owned by insiders.

UFP Technologies Stock Up 2.8%

NASDAQ:UFPT opened at $259.80 on Friday. UFP Technologies, Inc. has a 1 year low of $173.86 and a 1 year high of $274.93. The company has a current ratio of 2.91, a quick ratio of 1.69 and a debt-to-equity ratio of 0.32. The stock has a market cap of $2.01 billion, a price-to-earnings ratio of 29.49 and a beta of 1.11. The stock has a 50-day moving average price of $221.08 and a two-hundred day moving average price of $224.59.

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

Wall Street Analyst Weigh In

UFPT has been the topic of several recent research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of UFP Technologies in a research note on Friday, May 29th. Wall Street Zen raised shares of UFP Technologies from a “sell” rating to a “hold” rating in a research note on Saturday, March 28th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $289.00.

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.