Keebeck Wealth Management Makes New Investment in UFP Technologies, Inc. $UFPT

Keebeck Wealth Management purchased a new position in UFP Technologies, Inc. (NASDAQ:UFPT) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 2,246 shares of the industrial products company’s stock, valued at approximately $595,000.

Other hedge funds also recently made changes to their positions in the company. BlackRock Inc. purchased a new stake in UFP Technologies during the 2nd quarter worth about $302,622,000. Thrivent Financial for Lutherans boosted its stake in 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 worth $55,091,000 after purchasing an additional 223,121 shares during the period. Wasatch Advisors LP grew its holdings in UFP Technologies by 14.6% during the 4th quarter. Wasatch Advisors LP now owns 736,027 shares of the industrial products company’s stock valued at $163,420,000 after buying an additional 93,640 shares in the last quarter. Boston Trust Walden Corp grew its holdings in 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 buying an additional 84,396 shares in the last quarter. Finally, Diamond Hill Capital Management LLC Investment Advisor bought a new stake in shares of UFP Technologies during the second quarter valued at about $14,629,000. 87.28% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at UFP Technologies

In other news, Director Symeria Hudson sold 298 shares of the business’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $319.11, for a total transaction of $95,094.78. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman R Jeffrey Bailly sold 5,013 shares of the business’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $317.87, for a total value of $1,593,482.31. Following the transaction, the chairman directly owned 13,011 shares of the company’s stock, valued at $4,135,806.57. The trade was a 27.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 20,119 shares of company stock valued at $6,328,732 in the last 90 days. Corporate insiders own 4.59% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on UFPT. Wall Street Zen raised shares of UFP Technologies from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Weiss Ratings raised shares of UFP Technologies from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, August 5th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

UFP Technologies Trading Up 1.6%

UFP Technologies stock opened at $309.13 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.72 and a current ratio of 3.00. UFP Technologies, Inc. has a fifty-two week low of $173.86 and a fifty-two week high of $338.71. The stock has a market cap of $2.39 billion, a P/E ratio of 33.31 and a beta of 1.08. The firm’s fifty day moving average price is $268.38 and its 200-day moving average price is $234.60.

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

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.