Millington Financial Advisors LLC Lowers Holdings in UFP Technologies, Inc. (NASDAQ:UFPT)

Millington Financial Advisors LLC trimmed its position in UFP Technologies, Inc. (NASDAQ:UFPT) by 14.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,538 shares of the industrial products company’s stock after selling 2,050 shares during the quarter. UFP Technologies accounts for 1.7% of Millington Financial Advisors LLC’s holdings, making the stock its 15th largest holding. Millington Financial Advisors LLC owned about 0.16% of UFP Technologies worth $2,157,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. Federated Hermes Inc. raised its position in shares of UFP Technologies by 98.6% in the 4th quarter. Federated Hermes Inc. now owns 147 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 73 shares in the last quarter. Ronald Blue Trust Inc. bought a new position in shares of UFP Technologies in the 3rd quarter worth $48,000. DekaBank Deutsche Girozentrale bought a new position in shares of UFP Technologies in the 3rd quarter worth $87,000. Peterson Wealth Services bought a new position in shares of UFP Technologies in the 4th quarter worth $204,000. Finally, Mutual of America Capital Management LLC bought a new position in shares of UFP Technologies in the 4th quarter worth $212,000. 87.28% of the stock is currently owned by hedge funds and other institutional investors.

UFP Technologies Trading Up 0.1 %

NASDAQ UFPT traded up $0.25 during trading hours on Tuesday, reaching $213.33. The company had a trading volume of 61,920 shares, compared to its average volume of 64,176. The stock has a 50-day moving average of $218.86 and a 200 day moving average of $183.42. UFP Technologies, Inc. has a 1-year low of $127.29 and a 1-year high of $257.29. The company has a current ratio of 2.48, a quick ratio of 1.28 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $1.63 billion, a P/E ratio of 36.42 and a beta of 0.83.

UFP Technologies (NASDAQ:UFPT) last posted its earnings results on Wednesday, February 21st. The industrial products company reported $1.53 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.41. The company had revenue of $101.50 million for the quarter, compared to analysts’ expectations of $94.80 million. UFP Technologies had a net margin of 11.23% and a return on equity of 25.48%. As a group, research analysts anticipate that UFP Technologies, Inc. will post 6.19 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on UFPT shares. CJS Securities started coverage on UFP Technologies in a research report on Wednesday, March 20th. They set an “outperform” rating and a $255.00 target price on the stock. KeyCorp started coverage on UFP Technologies in a research report on Tuesday, February 6th. They set a “sector weight” rating on the stock. Finally, StockNews.com raised UFP Technologies from a “sell” rating to a “hold” rating in a research report on Thursday, February 22nd.

Insider Buying and Selling

In related news, VP Steve Cardin sold 311 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $196.50, for a total transaction of $61,111.50. Following the sale, the vice president now directly owns 5,643 shares in the company, valued at $1,108,849.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other UFP Technologies news, CEO R Jeffrey Bailly sold 27,090 shares of the stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $209.48, for a total value of $5,674,813.20. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, VP Steve Cardin sold 311 shares of the stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $196.50, for a total transaction of $61,111.50. Following the completion of the transaction, the vice president now owns 5,643 shares in the company, valued at $1,108,849.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 31,125 shares of company stock worth $6,511,420. Company insiders own 7.80% of the company’s stock.

UFP Technologies Company Profile

UFP Technologies, Inc designs and manufactures solutions for medical devices, sterile packaging, and other highly engineered custom products. The company offers protective drapes for robotic surgery, single patient use surfaces, advanced wound care, infection prevention, disposables for surgical and endoscopic procedures, packaging for medical devices, orthopedic implants, biopharma drug manufacturing, and coils for catheters; and molded components for applications in acoustic insulation, interior trim, load floors, sunshades, SUV cargo cover handles, driveshaft damping, engine and manifold covers, quarter panels, and wheel liners.