Geneva Capital Management LLC Has $31.64 Million Stock Holdings in UFP Technologies, Inc. $UFPT

Geneva Capital Management LLC increased its position in shares of UFP Technologies, Inc. (NASDAQ:UFPT) by 88.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 158,496 shares of the industrial products company’s stock after acquiring an additional 74,461 shares during the period. Geneva Capital Management LLC owned about 2.06% of UFP Technologies worth $31,636,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of UFPT. Brown Capital Management LLC lifted its stake in UFP Technologies by 11.4% in the second quarter. Brown Capital Management LLC now owns 170,811 shares of the industrial products company’s stock valued at $41,705,000 after acquiring an additional 17,493 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of UFP Technologies by 469.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 103,663 shares of the industrial products company’s stock valued at $20,687,000 after purchasing an additional 85,457 shares in the last quarter. Ashford Capital Management Inc. acquired a new stake in shares of UFP Technologies in the 2nd quarter valued at $17,284,000. Public Sector Pension Investment Board lifted its stake in shares of UFP Technologies by 20.7% in the 3rd quarter. Public Sector Pension Investment Board now owns 30,119 shares of the industrial products company’s stock valued at $6,012,000 after purchasing an additional 5,174 shares during the last quarter. Finally, Applied Fundamental Research LLC boosted its holdings in UFP Technologies by 23.6% in the third quarter. Applied Fundamental Research LLC now owns 48,753 shares of the industrial products company’s stock worth $9,731,000 after purchasing an additional 9,314 shares in the last quarter. Hedge funds and other institutional investors own 87.28% of the company’s stock.

UFP Technologies Price Performance

NASDAQ:UFPT opened at $214.86 on Wednesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.68 and a quick ratio of 1.52. UFP Technologies, Inc. has a one year low of $178.26 and a one year high of $274.93. The company has a fifty day moving average price of $242.68 and a 200 day moving average price of $222.44. The stock has a market cap of $1.66 billion, a P/E ratio of 24.47 and a beta of 1.13.

UFP Technologies (NASDAQ:UFPT) last posted its quarterly earnings results on Tuesday, February 24th. The industrial products company reported $2.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.26 by $0.18. The company had revenue of $148.92 million for the quarter, compared to analyst estimates of $149.07 million. UFP Technologies had a net margin of 11.33% and a return on equity of 19.36%. The business’s quarterly revenue was up 3.4% on a year-over-year basis. During the same period last year, the business posted $2.10 EPS.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on UFPT shares. Wall Street Zen lowered UFP Technologies from a “hold” rating to a “sell” rating in a report on Friday, November 28th. Zacks Research raised UFP Technologies from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 14th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, UFP Technologies currently has a consensus rating of “Hold” and a consensus target price of $289.00.

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.