38,859 Shares in UFP Technologies, Inc. $UFPT Purchased by Montrusco Bolton Investments Inc.

Key Points

• Montrusco Bolton Investments Inc. purchased 38,859 shares of UFP Technologies, Inc., valued at approximately $9.5 million, representing about 0.50% of the company.
• Several institutional investors, including GAMMA Investing LLC and Comerica Bank, have increased their stakes in UFP Technologies, contributing to a total institutional ownership of 87.28% of the stock.
• Analysts have given UFP Technologies a consensus rating of "Hold" with an average price target of $289.00, reflecting recent positive sentiment from Lake Street Capital.

Montrusco Bolton Investments Inc. purchased a new position in shares of UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 38,859 shares of the industrial products company's stock, valued at approximately $9,488,000. Montrusco Bolton Investments Inc. owned about 0.50% of UFP Technologies as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. GAMMA Investing LLC lifted its stake in UFP Technologies by 37.6% during the second quarter. GAMMA Investing LLC now owns 183 shares of the industrial products company's stock worth $45,000 after purchasing an additional 50 shares during the last quarter. Comerica Bank lifted its position in UFP Technologies by 2.1% in the 1st quarter. Comerica Bank now owns 2,862 shares of the industrial products company's stock valued at $577,000 after acquiring an additional 58 shares in the last quarter. Alliance Wealth Advisors LLC UT lifted its position in shares of UFP Technologies by 2.0% during the 1st quarter. Alliance Wealth Advisors LLC UT now owns 3,088 shares of the industrial products company's stock worth $623,000 after buying an additional 62 shares in the last quarter. Kestra Private Wealth Services LLC raised its holdings in shares of UFP Technologies by 4.0% in the 1st quarter. Kestra Private Wealth Services LLC now owns 2,108 shares of the industrial products company's stock worth $425,000 after purchasing an additional 82 shares during the period. Finally, State of Wyoming raised its holdings in shares of UFP Technologies by 34.7% in the 1st quarter. State of Wyoming now owns 365 shares of the industrial products company's stock worth $74,000 after purchasing an additional 94 shares during the period. Institutional investors and hedge funds own 87.28% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Lake Street Capital lifted their price target on UFP Technologies from $252.00 to $289.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. Weiss Ratings reissued a "hold (c)" rating on shares of UFP Technologies in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $289.00.

UFP Technologies Trading Down 0.6%

NASDAQ:UFPT opened at $191.32 on Monday. UFP Technologies, Inc. has a 52 week low of $178.26 and a 52 week high of $354.22. The company has a quick ratio of 1.53, a current ratio of 2.77 and a debt-to-equity ratio of 0.39. The company's 50 day moving average price is $207.37 and its 200-day moving average price is $220.74. The stock has a market cap of $1.48 billion, a price-to-earnings ratio of 22.17 and a beta of 1.19.

UFP Technologies (NASDAQ:UFPT - Get Free Report) last issued its earnings results on Thursday, November 9th. The industrial products company reported $1.37 earnings per share (EPS) for the quarter. UFP Technologies had a net margin of 11.40% and a return on equity of 21.54%. The company had revenue of $96.97 million for the quarter.

UFP Technologies 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.

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