Johnson Investment Counsel Inc. Buys Shares of 10,026 UFP Technologies, Inc. $UFPT

Johnson Investment Counsel Inc. bought a new stake in UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 10,026 shares of the industrial products company's stock, valued at approximately $2,448,000. Johnson Investment Counsel Inc. owned about 0.13% of UFP Technologies at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. GAMMA Investing LLC boosted its stake in shares of UFP Technologies by 37.6% in the second quarter. GAMMA Investing LLC now owns 183 shares of the industrial products company's stock valued at $45,000 after buying an additional 50 shares in the last quarter. State of Wyoming boosted its stake in shares of UFP Technologies by 34.7% in the first quarter. State of Wyoming now owns 365 shares of the industrial products company's stock valued at $74,000 after buying an additional 94 shares in the last quarter. Jones Financial Companies Lllp purchased a new stake in shares of UFP Technologies in the first quarter valued at approximately $172,000. Sowell Financial Services LLC purchased a new stake in shares of UFP Technologies in the second quarter valued at approximately $213,000. Finally, CreativeOne Wealth LLC purchased a new stake in shares of UFP Technologies in the first quarter valued at approximately $203,000. 87.28% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on UFPT. Weiss Ratings restated a "hold (c)" rating on shares of UFP Technologies in a research note on Wednesday, October 8th. Lake Street Capital lifted their price target on UFP Technologies from $252.00 to $289.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $289.00.

UFP Technologies Stock Performance

Shares of UFPT stock opened at $195.46 on Tuesday. The stock has a fifty day moving average price of $206.75 and a 200 day moving average price of $220.71. The stock has a market cap of $1.51 billion, a PE ratio of 22.65 and a beta of 1.19. UFP Technologies, Inc. has a 1 year low of $178.26 and a 1 year high of $354.22. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.53 and a current ratio of 2.77.

UFP Technologies (NASDAQ:UFPT - Get Free Report) last issued its quarterly earnings data on Thursday, November 9th. The industrial products company reported $1.37 earnings per share (EPS) for the quarter. The firm had revenue of $96.97 million during the quarter. UFP Technologies had a return on equity of 21.54% and a net margin of 11.40%.

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.

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