3,331 Shares in UFP Technologies, Inc. $UFPT Acquired by Jupiter Topco LLC

Jupiter Topco LLC acquired a new stake in shares of UFP Technologies, Inc. (NASDAQ:UFPT) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 3,331 shares of the industrial products company’s stock, valued at approximately $882,000.

Other large investors have also added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in shares of UFP Technologies in the second quarter worth $302,622,000. Wasatch Advisors LP raised its position in shares of UFP Technologies by 5.6% in the 1st quarter. Wasatch Advisors LP now owns 777,313 shares of the industrial products company’s stock worth $150,488,000 after purchasing an additional 41,286 shares during the last quarter. Vanguard Group Inc. boosted its stake in UFP Technologies by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 533,578 shares of the industrial products company’s stock worth $118,470,000 after purchasing an additional 5,957 shares in the last quarter. Boston Trust Walden Corp boosted its stake in UFP Technologies by 36.3% in the 1st 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 in the last quarter. Finally, State Street Corp grew its position in 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 purchasing an additional 961 shares during the last quarter. Hedge funds and other institutional investors own 87.28% of the company’s stock.

Insider Buying and Selling

In other UFP Technologies news, Director Marc D. Kozin sold 7,000 shares of the business’s stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $304.50, for a total transaction of $2,131,500.00. Following the completion of the sale, the director owned 21,112 shares of the company’s stock, valued at approximately $6,428,604. The trade was a 24.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Symeria Hudson sold 298 shares of the company’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $319.11, for a total value of $95,094.78. Following the completion of the sale, the director owned 927 shares of the company’s stock, valued at approximately $295,814.97. The trade was a 24.33% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 27,119 shares of company stock valued at $8,460,232. Company insiders own 4.59% of the company’s stock.

Wall Street Analyst Weigh In

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

UFP Technologies Stock Performance

UFPT opened at $288.79 on Friday. The company has a current ratio of 3.00, a quick ratio of 1.72 and a debt-to-equity ratio of 0.26. The company has a market cap of $2.24 billion, a price-to-earnings ratio of 31.12 and a beta of 1.08. The company’s 50 day moving average is $279.96 and its 200 day moving average is $237.38. UFP Technologies, Inc. has a 12-month low of $173.86 and a 12-month high of $338.71.

UFP Technologies (NASDAQ:UFPT) last announced its earnings results on Monday, August 3rd. The industrial products company reported $2.92 EPS for the quarter, beating analysts’ consensus estimates of $2.31 by $0.61. UFP Technologies had a net margin of 11.45% and a return on equity of 18.42%. The business had revenue of $173.96 million during the quarter, compared to analysts’ expectations of $159.38 million. On average, equities research analysts predict that UFP Technologies, Inc. will post 10.54 EPS for the current year.

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.