EFG International AG Acquires Shares of 15,000 UFP Technologies, Inc. $UFPT

Key Points

• EFG International AG bought 15,000 shares of UFP Technologies during the second quarter, valued at approximately $3.97 million and representing 0.19% of the company. Institutional investors collectively own 87.28% of the stock.
• UFP Technologies exceeded quarterly expectations, reporting $2.92 in EPS versus the $2.31 consensus estimate and revenue of $173.96 million versus expectations of $159.38 million. Analysts expect full-year EPS of $10.54.
• UFPT opened at $304.57, near its 52-week high of $338.71, while insiders sold 20,119 shares worth $6.33 million over the past three months. MarketBeat’s analyst consensus remains a “Hold,” despite one recent upgrade to “Buy.”

EFG International AG bought a new position in shares of UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund bought 15,000 shares of the industrial products company's stock, valued at approximately $3,971,000. EFG International AG owned 0.19% of UFP Technologies at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. BlackRock Inc. purchased a new stake in shares of UFP Technologies in the second quarter valued at approximately $302,622,000. Wasatch Advisors LP raised its position in UFP Technologies by 5.6% in the first quarter. Wasatch Advisors LP now owns 777,313 shares of the industrial products company's stock worth $150,488,000 after acquiring an additional 41,286 shares in the last quarter. Vanguard Group Inc. lifted its holdings in UFP Technologies by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 533,578 shares of the industrial products company's stock valued at $118,470,000 after acquiring an additional 5,957 shares during the period. Boston Trust Walden Corp lifted its holdings in UFP Technologies by 36.3% in the first quarter. Boston Trust Walden Corp now owns 317,072 shares of the industrial products company's stock valued at $61,385,000 after acquiring an additional 84,396 shares during the period. Finally, State Street Corp boosted its position in shares of UFP Technologies by 0.3% during the 4th quarter. State Street Corp now owns 289,775 shares of the industrial products company's stock worth $64,339,000 after purchasing an additional 961 shares in the last quarter. 87.28% of the stock is owned by hedge funds and other institutional investors.

UFP Technologies Stock Performance

NASDAQ UFPT opened at $304.57 on Thursday. UFP Technologies, Inc. has a 1-year low of $173.86 and a 1-year high of $338.71. The company has a market capitalization of $2.36 billion, a P/E ratio of 32.82 and a beta of 1.08. The business has a 50 day moving average price of $272.80 and a 200 day moving average price of $235.51. The company has a debt-to-equity ratio of 0.26, a current ratio of 3.00 and a quick ratio of 1.72.

UFP Technologies (NASDAQ:UFPT - Get Free Report) last posted its earnings results on Monday, August 3rd. The industrial products company reported $2.92 EPS for the quarter, topping analysts' consensus estimates of $2.31 by $0.61. UFP Technologies had a return on equity of 18.42% and a net margin of 11.45%.The company had revenue of $173.96 million for the quarter, compared to the consensus estimate of $159.38 million. Sell-side analysts expect that UFP Technologies, Inc. will post 10.54 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Symeria Hudson sold 298 shares of the business's stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $319.11, for a total value of $95,094.78. Following the sale, the director directly owned 927 shares in the company, valued at $295,814.97. The trade was a 24.33% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Cynthia L. Feldmann sold 1,000 shares of the stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $324.26, for a total transaction of $324,260.00. Following the completion of the sale, the director directly owned 4,476 shares in the company, valued at approximately $1,451,387.76. The trade was a 18.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 20,119 shares of company stock worth $6,328,732 in the last three months. Corporate insiders own 4.59% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on UFPT shares. Wall Street Zen raised shares of UFP Technologies from a "hold" rating to a "buy" rating in a research note on Saturday, August 8th. Weiss Ratings upgraded shares of UFP Technologies from a "hold (c)" rating to a "hold (c+)" rating in a research note on Wednesday, August 5th. Two analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus rating of "Hold".

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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