Boston Trust Walden Corp Has $43.20 Million Holdings in UFP Technologies, Inc. (NASDAQ:UFPT)

Boston Trust Walden Corp increased its holdings in shares of UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) by 98.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 214,147 shares of the industrial products company's stock after acquiring an additional 106,197 shares during the quarter. Boston Trust Walden Corp owned about 2.79% of UFP Technologies worth $43,196,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of UFPT. Mountain Pacific Investment Advisers LLC increased its position in shares of UFP Technologies by 1.4% in the 1st quarter. Mountain Pacific Investment Advisers LLC now owns 94,578 shares of the industrial products company's stock valued at $19,077,000 after purchasing an additional 1,262 shares during the last quarter. SG Americas Securities LLC grew its position in shares of UFP Technologies by 80.2% in the 1st quarter. SG Americas Securities LLC now owns 4,001 shares of the industrial products company's stock valued at $807,000 after buying an additional 1,781 shares during the last quarter. Bridge City Capital LLC grew its position in shares of UFP Technologies by 72.2% in the 1st quarter. Bridge City Capital LLC now owns 24,889 shares of the industrial products company's stock valued at $5,020,000 after buying an additional 10,436 shares during the last quarter. Farther Finance Advisors LLC grew its position in shares of UFP Technologies by 422.5% in the 1st quarter. Farther Finance Advisors LLC now owns 1,186 shares of the industrial products company's stock valued at $242,000 after buying an additional 959 shares during the last quarter. Finally, Millington Financial Advisors LLC boosted its stake in UFP Technologies by 4.6% during the 1st quarter. Millington Financial Advisors LLC now owns 12,623 shares of the industrial products company's stock worth $2,644,000 after purchasing an additional 554 shares during the period. 87.28% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Raymond James Financial initiated coverage on shares of UFP Technologies in a research note on Friday, March 28th. They set a "market perform" rating for the company. Lake Street Capital set a $252.00 target price on shares of UFP Technologies and gave the company a "buy" rating in a report on Wednesday, May 7th.

UFP Technologies Price Performance

Shares of NASDAQ:UFPT traded down $1.54 during trading on Monday, reaching $233.14. The company had a trading volume of 121,446 shares, compared to its average volume of 105,884. The firm's fifty day moving average is $227.90 and its 200 day moving average is $235.94. The firm has a market capitalization of $1.80 billion, a PE ratio of 28.54 and a beta of 1.12. UFP Technologies, Inc. has a twelve month low of $178.26 and a twelve month high of $366.41. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.45 and a current ratio of 2.58.

UFP Technologies (NASDAQ:UFPT - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The industrial products company reported $2.47 EPS for the quarter, beating the consensus estimate of $2.05 by $0.42. UFP Technologies had a net margin of 11.59% and a return on equity of 21.27%. The business had revenue of $148.15 million during the quarter, compared to the consensus estimate of $139.93 million.

Insider Activity at UFP Technologies

In other UFP Technologies news, SVP Christopher P. Litterio sold 1,473 shares of the stock in a transaction 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 transaction, the senior vice president now directly owns 12,585 shares in the company, 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 is accessible through this hyperlink. 4.40% of the stock is owned by insiders.

About UFP Technologies

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.