Wasatch Advisors LP Has $150.49 Million Stock Holdings in UFP Technologies, Inc. $UFPT

Wasatch Advisors LP lifted its holdings in shares of UFP Technologies, Inc. (NASDAQ:UFPT) by 5.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 777,313 shares of the industrial products company’s stock after purchasing an additional 41,286 shares during the quarter. Wasatch Advisors LP owned approximately 10.08% of UFP Technologies worth $150,488,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of UFPT. Louisiana State Employees Retirement System bought a new stake in UFP Technologies in the first quarter worth $658,000. World Investment Advisors raised its holdings in UFP Technologies by 27.1% during the fourth quarter. World Investment Advisors now owns 3,178 shares of the industrial products company’s stock valued at $706,000 after buying an additional 678 shares in the last quarter. Invesco Ltd. raised its holdings in UFP Technologies by 87.9% during the fourth quarter. Invesco Ltd. now owns 49,888 shares of the industrial products company’s stock valued at $11,077,000 after buying an additional 23,332 shares in the last quarter. Susquehanna Portfolio Strategies LLC lifted its position in shares of UFP Technologies by 116.6% in the fourth quarter. Susquehanna Portfolio Strategies LLC now owns 14,349 shares of the industrial products company’s stock worth $3,186,000 after buying an additional 7,725 shares during the last quarter. Finally, Man Group plc acquired a new stake in shares of UFP Technologies in the fourth quarter worth about $664,000. Institutional investors and hedge funds own 87.28% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on UFPT shares. Weiss Ratings reiterated a “hold (c)” rating on shares of UFP Technologies in a research note on Friday, May 29th. Wall Street Zen upgraded 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 issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $289.00.

UFP Technologies Stock Up 2.8%

UFPT opened at $259.80 on Friday. UFP Technologies, Inc. has a fifty-two week low of $173.86 and a fifty-two week high of $274.93. 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 firm’s fifty day moving average price is $221.08 and its two-hundred day moving average price is $224.59. The company has a market capitalization of $2.01 billion, a P/E ratio of 29.49 and a beta of 1.11.

UFP Technologies (NASDAQ:UFPT) last released its quarterly earnings data on Monday, May 4th. The industrial products company reported $2.48 earnings per share for the quarter, beating the consensus estimate 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 period in the prior year, the company posted $2.47 EPS. The company’s revenue was up 4.1% compared to the same quarter last year. On average, analysts anticipate that UFP Technologies, Inc. will post 10.23 EPS for the current year.

Insider Buying and Selling at UFP Technologies

In other UFP Technologies news, Director Cynthia L. Feldmann sold 1,200 shares of the stock in a transaction 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 transaction, the director directly owned 5,476 shares in the company, valued at $1,310,352.04. This represents a 17.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Daniel C. Croteau sold 2,864 shares of UFP Technologies stock in a transaction 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 transaction, 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 ownership of the stock. The SEC filing for this sale provides additional information. 4.59% of the stock is owned by insiders.

UFP Technologies 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.