UFP Technologies, Inc. (NASDAQ:UFPT) Stock Holdings Lifted by Congress Asset Management Co.

Congress Asset Management Co. lifted its holdings in UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) by 10.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 309,395 shares of the industrial products company's stock after acquiring an additional 28,070 shares during the period. Congress Asset Management Co. owned approximately 4.03% of UFP Technologies worth $62,408,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in UFPT. Annex Advisory Services LLC boosted its position in UFP Technologies by 70.3% during the 1st quarter. Annex Advisory Services LLC now owns 105,288 shares of the industrial products company's stock worth $21,238,000 after purchasing an additional 43,480 shares during the period. Chatham Capital Group Inc. lifted its stake in shares of UFP Technologies by 4.0% during the first quarter. Chatham Capital Group Inc. now owns 17,233 shares of the industrial products company's stock worth $3,476,000 after purchasing an additional 660 shares in the last quarter. Portside Wealth Group LLC boosted its position in shares of UFP Technologies by 5.4% in the first quarter. Portside Wealth Group LLC now owns 1,971 shares of the industrial products company's stock worth $398,000 after buying an additional 101 shares during the period. Rhumbline Advisers grew its stake in shares of UFP Technologies by 2.6% in the first quarter. Rhumbline Advisers now owns 20,020 shares of the industrial products company's stock valued at $4,038,000 after buying an additional 516 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of UFP Technologies by 28,138.9% during the 1st quarter. GAMMA Investing LLC now owns 26,827 shares of the industrial products company's stock valued at $5,411,000 after buying an additional 26,732 shares during the period. Institutional investors and hedge funds own 87.28% of the company's stock.

Insider Activity at UFP Technologies

In other UFP Technologies news, SVP Christopher P. Litterio sold 1,473 shares of UFP Technologies stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $220.12, for a total transaction of $324,236.76. Following the sale, the senior vice president now owns 12,585 shares of the company's stock, valued at $2,770,210.20. The trade was a 10.48% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 4.40% of the stock is currently owned by insiders.

UFP Technologies Stock Up 0.2%

NASDAQ UFPT traded up $0.49 on Tuesday, hitting $238.68. 650,749 shares of the stock traded hands, compared to its average volume of 103,224. The company has a market capitalization of $1.84 billion, a P/E ratio of 34.05 and a beta of 1.12. The stock has a 50-day moving average of $221.73 and a 200 day moving average of $240.85. The company has a current ratio of 2.57, a quick ratio of 1.43 and a debt-to-equity ratio of 0.64. UFP Technologies, Inc. has a twelve month low of $178.26 and a twelve month high of $366.41.

UFP Technologies (NASDAQ:UFPT - Get Free Report) last released its earnings results 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. The firm had revenue of $148.15 million during the quarter, compared to analyst estimates of $139.93 million. UFP Technologies had a net margin of 11.74% and a return on equity of 18.92%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Lake Street Capital set a $252.00 price target on shares of UFP Technologies and gave the stock a "buy" rating in a research note on Wednesday, May 7th. Raymond James started coverage on UFP Technologies in a research note on Friday, March 28th. They issued a "market perform" rating on the stock.

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.