Sanctuary Advisors LLC Purchases Shares of 2,572 UFP Technologies, Inc. $UFPT

Sanctuary Advisors LLC acquired a new position in UFP Technologies, Inc. (NASDAQ:UFPT) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 2,572 shares of the industrial products company’s stock, valued at approximately $682,000.

Other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. purchased a new stake in UFP Technologies during the second quarter valued at approximately $302,622,000. Wasatch Advisors LP boosted its stake in shares of UFP Technologies by 5.6% during the 1st quarter. Wasatch Advisors LP now owns 777,313 shares of the industrial products company’s stock worth $150,488,000 after acquiring an additional 41,286 shares during the last quarter. Vanguard Group Inc. grew its position in shares of UFP Technologies by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 533,578 shares of the industrial products company’s stock valued at $118,470,000 after acquiring an additional 5,957 shares during the period. Boston Trust Walden Corp grew its position in shares of 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 during the period. Finally, State Street Corp grew its position in shares of UFP Technologies by 0.3% during the 4th quarter. State Street Corp now owns 289,775 shares of the industrial products company’s stock valued at $64,339,000 after acquiring an additional 961 shares during the period. Institutional investors own 87.28% of the company’s stock.

UFP Technologies Price Performance

NASDAQ UFPT opened at $300.05 on Friday. UFP Technologies, Inc. has a 12 month low of $173.86 and a 12 month high of $338.71. The stock has a market cap of $2.33 billion, a price-to-earnings ratio of 32.33 and a beta of 1.08. The company’s 50 day moving average is $275.23 and its two-hundred day moving average is $236.19. The company has a current ratio of 3.00, a quick ratio of 1.72 and a debt-to-equity ratio of 0.26.

UFP Technologies (NASDAQ:UFPT) last posted its quarterly earnings results on Monday, August 3rd. The industrial products company reported $2.92 earnings per share for the quarter, topping analysts’ consensus estimates of $2.31 by $0.61. The business had revenue of $173.96 million during the quarter, compared to analyst estimates of $159.38 million. UFP Technologies had a net margin of 11.45% and a return on equity of 18.42%. As a group, research analysts anticipate that UFP Technologies, Inc. will post 10.54 earnings per share for the current year.

Insider Activity

In related news, Director Marc D. Kozin sold 7,000 shares of the company’s stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $304.50, for a total value of $2,131,500.00. Following the completion of the transaction, the director owned 21,112 shares of the company’s stock, valued at approximately $6,428,604. This represents a 24.90% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, 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 value of $287,148.00. Following the completion of the sale, the director owned 5,476 shares of the company’s stock, valued at $1,310,352.04. The trade was a 17.97% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 27,119 shares of company stock worth $8,460,232 in the last quarter. Corporate insiders own 4.59% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on UFPT. Wall Street Zen raised UFP Technologies from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Weiss Ratings raised UFP Technologies from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, August 5th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has an average rating of “Hold”.

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.