Allspring Global Investments Holdings LLC Has $37.12 Million Stock Holdings in UFP Technologies, Inc. $UFPT

Key Points

• Allspring Global Investments Holdings LLC boosted its stake in UFP Technologies by 60.3% in Q4 to 166,135 shares (about 2.15% ownership), valued at roughly $37.12 million.
• UFP reported Q4 EPS of $2.44, beating estimates of $2.26 while revenue was $148.92M (near consensus); the company posted a 19.36% ROE and 11.33% net margin, and institutional investors now own about 87.28% of the stock.
• Shares opened near $192 with a market cap of $1.48B and a P/E of 21.9 (52-week range $178.26–$274.93), and analysts have an average rating of Hold with a $289 average target price.

Allspring Global Investments Holdings LLC lifted its position in shares of UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) by 60.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 166,135 shares of the industrial products company's stock after purchasing an additional 62,472 shares during the quarter. Allspring Global Investments Holdings LLC owned 2.15% of UFP Technologies worth $37,115,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Brown Capital Management LLC raised its stake in shares of UFP Technologies by 11.4% in the 2nd quarter. Brown Capital Management LLC now owns 170,811 shares of the industrial products company's stock valued at $41,705,000 after purchasing an additional 17,493 shares during the period. Ashford Capital Management Inc. bought a new stake in shares of UFP Technologies in the second quarter valued at about $17,284,000. Public Sector Pension Investment Board boosted its position in shares of UFP Technologies by 20.7% during the third quarter. Public Sector Pension Investment Board now owns 30,119 shares of the industrial products company's stock worth $6,012,000 after buying an additional 5,174 shares during the period. Applied Fundamental Research LLC grew its stake in shares of UFP Technologies by 23.6% during the 3rd quarter. Applied Fundamental Research LLC now owns 48,753 shares of the industrial products company's stock worth $9,731,000 after acquiring an additional 9,314 shares in the last quarter. Finally, First National Bank of Omaha bought a new position in shares of UFP Technologies during the 3rd quarter worth approximately $2,082,000. Institutional investors own 87.28% of the company's stock.

UFP Technologies Stock Performance

Shares of NASDAQ UFPT opened at $192.02 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.68 and a quick ratio of 1.52. The firm has a market cap of $1.48 billion, a price-to-earnings ratio of 21.87 and a beta of 1.17. The stock's fifty day moving average price is $224.04 and its two-hundred day moving average price is $220.74. UFP Technologies, Inc. has a one year low of $178.26 and a one year high of $274.93.

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

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on UFPT. Zacks Research upgraded shares of UFP Technologies from a "strong sell" rating to a "hold" rating in a research note on Wednesday, January 14th. Wall Street Zen raised UFP Technologies from a "sell" rating to a "hold" rating in a research report on Saturday, March 28th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $289.00.

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.

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