Boston Trust Walden Corp boosted its position in UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) by 98.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 214,147 shares of the industrial products company's stock after acquiring an additional 106,197 shares during the period. Boston Trust Walden Corp owned 2.79% of UFP Technologies worth $43,196,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in the company. Mountain Pacific Investment Advisers LLC boosted its holdings in UFP Technologies by 1.4% during the first quarter. Mountain Pacific Investment Advisers LLC now owns 94,578 shares of the industrial products company's stock worth $19,077,000 after buying an additional 1,262 shares during the last quarter. SG Americas Securities LLC boosted its holdings in UFP Technologies by 80.2% during the first quarter. SG Americas Securities LLC now owns 4,001 shares of the industrial products company's stock worth $807,000 after buying an additional 1,781 shares during the last quarter. Bridge City Capital LLC boosted its holdings in UFP Technologies by 72.2% during the first quarter. Bridge City Capital LLC now owns 24,889 shares of the industrial products company's stock worth $5,020,000 after buying an additional 10,436 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in UFP Technologies by 422.5% during the first quarter. Farther Finance Advisors LLC now owns 1,186 shares of the industrial products company's stock worth $242,000 after buying an additional 959 shares during the last quarter. Finally, Millington Financial Advisors LLC boosted its holdings in UFP Technologies by 4.6% during the first quarter. Millington Financial Advisors LLC now owns 12,623 shares of the industrial products company's stock worth $2,644,000 after buying an additional 554 shares during the last quarter. Institutional investors own 87.28% of the company's stock.
Insider Activity
In related news, SVP Christopher P. Litterio sold 1,473 shares of UFP Technologies stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $220.12, for a total value of $324,236.76. Following the sale, the senior vice president now owns 12,585 shares of the company's stock, valued at approximately $2,770,210.20. This trade represents a 10.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.40% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on the company. Raymond James Financial assumed coverage on UFP Technologies in a report on Friday, March 28th. They set a "market perform" rating on the stock. Lake Street Capital set a $252.00 target price on UFP Technologies and gave the stock a "buy" rating in a report on Wednesday, May 7th.
Check Out Our Latest Stock Report on UFPT
UFP Technologies Trading Up 1.9%
NASDAQ:UFPT opened at $240.25 on Friday. UFP Technologies, Inc. has a fifty-two week low of $178.26 and a fifty-two week high of $366.41. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.58 and a quick ratio of 1.45. The stock has a market capitalization of $1.85 billion, a PE ratio of 29.41 and a beta of 1.12. The business's 50-day simple moving average is $226.90 and its 200-day simple moving average is $237.52.
UFP Technologies (NASDAQ:UFPT - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The industrial products company reported $2.47 earnings per share for the quarter, beating the consensus estimate of $2.05 by $0.42. UFP Technologies had a return on equity of 21.27% and a net margin of 11.59%. The business had revenue of $148.15 million for the quarter, compared to analysts' expectations of $139.93 million.
UFP Technologies Company Profile
(
Free Report)
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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