UFP Technologies, Inc. (NASDAQ:UFPT) Shares Acquired by Motley Fool Asset Management LLC

Key Points

• Motley Fool Asset Management LLC increased its stake in UFP Technologies, Inc. by 47.5%, now owning 12,506 shares valued at approximately $2.5 million.
• Several institutional investors have also increased their holdings, with Boston Trust Walden Corp leading with a 98.4% increase in shares during the same quarter.
• UFP Technologies reported a quarterly earnings of $2.50 per share, surpassing estimates and indicating a 37.2% year-over-year revenue growth.

Motley Fool Asset Management LLC raised its stake in UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) by 47.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,506 shares of the industrial products company's stock after buying an additional 4,026 shares during the quarter. Motley Fool Asset Management LLC owned about 0.16% of UFP Technologies worth $2,523,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Johnson Financial Group Inc. purchased a new stake in UFP Technologies during the fourth quarter worth about $42,000. Lazard Asset Management LLC purchased a new stake in shares of UFP Technologies during the fourth quarter worth approximately $84,000. Park Square Financial Group LLC purchased a new stake in shares of UFP Technologies during the fourth quarter worth approximately $107,000. Canada Pension Plan Investment Board increased its stake in shares of UFP Technologies by 25.0% during the fourth quarter. Canada Pension Plan Investment Board now owns 500 shares of the industrial products company's stock worth $122,000 after buying an additional 100 shares during the period. Finally, Dakota Wealth Management purchased a new stake in shares of UFP Technologies during the first quarter worth approximately $204,000. Institutional investors and hedge funds own 87.28% of the company's stock.

UFP Technologies Stock Down 2.0%

Shares of UFPT stock traded down $4.46 during trading hours on Friday, reaching $219.54. 99,660 shares of the stock were exchanged, compared to its average volume of 113,805. The business's fifty day moving average is $235.49 and its two-hundred day moving average is $230.33. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.77 and a quick ratio of 1.53. The firm has a market capitalization of $1.69 billion, a P/E ratio of 25.44 and a beta of 1.14. UFP Technologies, Inc. has a 12-month low of $178.26 and a 12-month high of $366.41.

UFP Technologies (NASDAQ:UFPT - Get Free Report) last announced its quarterly earnings results on Monday, August 4th. The industrial products company reported $2.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.25 by $0.25. The firm had revenue of $151.18 million during the quarter, compared to the consensus estimate of $151.55 million. UFP Technologies had a return on equity of 21.54% and a net margin of 11.40%. The firm's quarterly revenue was up 37.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.86 earnings per share.

Analyst Ratings Changes

Separately, Lake Street Capital upped their target price on shares of UFP Technologies from $252.00 to $289.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th.

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.