Janus Henderson Group PLC Has $3.76 Million Stock Holdings in UFP Technologies, Inc. $UFPT

Janus Henderson Group PLC cut its position in UFP Technologies, Inc. (NASDAQ:UFPT) by 75.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,436 shares of the industrial products company’s stock after selling 59,955 shares during the quarter. Janus Henderson Group PLC owned 0.25% of UFP Technologies worth $3,764,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Thrivent Financial for Lutherans boosted its stake in shares of UFP Technologies by 892.3% in the 4th quarter. Thrivent Financial for Lutherans now owns 248,125 shares of the industrial products company’s stock valued at $55,091,000 after purchasing an additional 223,121 shares in the last quarter. Wasatch Advisors LP boosted its holdings in UFP Technologies by 14.6% in the fourth quarter. Wasatch Advisors LP now owns 736,027 shares of the industrial products company’s stock valued at $163,420,000 after acquiring an additional 93,640 shares during the last quarter. Boston Trust Walden Corp grew its stake in UFP Technologies by 36.3% during the first quarter. Boston Trust Walden Corp now owns 317,072 shares of the industrial products company’s stock worth $61,385,000 after purchasing an additional 84,396 shares during the period. Neumeier Poma Investment Counsel LLC bought a new position in UFP Technologies in the fourth quarter worth approximately $11,572,000. Finally, Millennium Management LLC grew its stake in UFP Technologies by 123.1% in the first quarter. Millennium Management LLC now owns 93,773 shares of the industrial products company’s stock valued at $18,915,000 after acquiring an additional 51,741 shares during the period. 87.28% of the stock is currently owned by institutional investors.

UFP Technologies Trading Up 0.7%

Shares of UFPT stock opened at $314.01 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.69 and a current ratio of 3.00. The company has a market capitalization of $2.43 billion, a price-to-earnings ratio of 33.84 and a beta of 1.08. UFP Technologies, Inc. has a 52-week low of $173.86 and a 52-week high of $338.71. The company has a 50-day simple moving average of $250.24 and a two-hundred day simple moving average of $230.32.

UFP Technologies (NASDAQ:UFPT) last posted its earnings results on Monday, August 3rd. The industrial products company reported $2.92 EPS for the quarter, topping the consensus estimate of $2.31 by $0.61. The firm had revenue of $173.96 million for the quarter, compared to analysts’ expectations of $159.38 million. UFP Technologies had a net margin of 11.45% and a return on equity of 18.42%. Research analysts anticipate that UFP Technologies, Inc. will post 10.54 EPS for the current fiscal year.

Insider Buying and Selling at UFP Technologies

In other UFP Technologies news, Director Daniel C. Croteau sold 2,864 shares of UFP Technologies stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $221.71, for a total value of $634,977.44. Following the sale, the director 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Cynthia L. Feldmann sold 1,200 shares of the business’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $239.29, for a total transaction of $287,148.00. Following the completion of the transaction, the director owned 5,476 shares in the company, valued at approximately $1,310,352.04. The trade was a 17.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 4.59% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on UFPT. Wall Street Zen upgraded UFP Technologies from a “hold” rating to a “buy” rating in a report on Saturday. Weiss Ratings raised shares of UFP Technologies from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold”.

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.