Congress Asset Management Co. Increases Holdings in UFP Technologies, Inc. $UFPT

Key Points

• Congress Asset Management increased its stake in UFP Technologies by 32.4% in Q4 to 441,122 shares (about 5.72% ownership), valued at roughly $97.94 million.
• UFP reported Q4 EPS of $2.44, beating estimates by $0.18, while revenue was $148.92 million (slightly below consensus) and rose 3.4% year-over-year; the company posted a 19.36% ROE and an 11.33% net margin.
• Institutional investors own about 87.28% of the stock, and analysts have a consensus "Hold" rating with a $289 price target.

Congress Asset Management Co. boosted its stake in UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) by 32.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 441,122 shares of the industrial products company's stock after purchasing an additional 107,908 shares during the period. Congress Asset Management Co. owned approximately 5.72% of UFP Technologies worth $97,942,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. boosted its position in shares of UFP Technologies by 179.0% in the second quarter. PNC Financial Services Group Inc. now owns 173 shares of the industrial products company's stock worth $42,000 after buying an additional 111 shares during the period. Canada Pension Plan Investment Board acquired a new stake in shares of UFP Technologies in the second quarter valued at about $49,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of UFP Technologies during the 3rd quarter valued at about $51,000. State of Wyoming lifted its position in UFP Technologies by 22.7% during the 3rd quarter. State of Wyoming now owns 341 shares of the industrial products company's stock worth $68,000 after acquiring an additional 63 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in UFP Technologies by 171.4% during the 4th quarter. GAMMA Investing LLC now owns 361 shares of the industrial products company's stock worth $80,000 after acquiring an additional 228 shares in the last quarter. 87.28% of the stock is owned by hedge funds and other institutional investors.

UFP Technologies Stock Down 1.2%

Shares of NASDAQ UFPT opened at $188.76 on Tuesday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.52 and a current ratio of 2.68. UFP Technologies, Inc. has a 1 year low of $178.26 and a 1 year high of $274.93. The stock's 50-day simple moving average is $235.28 and its 200-day simple moving average is $221.71. The firm has a market cap of $1.46 billion, a price-to-earnings ratio of 21.50 and a beta of 1.13.

UFP Technologies (NASDAQ:UFPT - Get Free Report) last issued its quarterly earnings results on Tuesday, February 24th. The industrial products company reported $2.44 EPS for the quarter, beating 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 firm had revenue of $148.92 million during the quarter, compared to the consensus estimate of $149.07 million. During the same quarter in the prior year, the business posted $2.10 earnings per share. UFP Technologies's revenue for the quarter was up 3.4% on a year-over-year basis.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on UFPT. Zacks Research raised shares of UFP Technologies from a "strong sell" rating to a "hold" rating in a research report on Wednesday, January 14th. Wall Street Zen cut shares of UFP Technologies from a "hold" rating to a "sell" rating in a research report on Friday, November 28th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, UFP Technologies has a consensus rating of "Hold" and a consensus price target of $289.00.

About UFP Technologies

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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