Mountain Pacific Investment Advisers LLC increased its position in shares of UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) by 1.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 94,578 shares of the industrial products company's stock after purchasing an additional 1,262 shares during the period. UFP Technologies makes up about 1.4% of Mountain Pacific Investment Advisers LLC's portfolio, making the stock its 28th biggest holding. Mountain Pacific Investment Advisers LLC owned approximately 1.23% of UFP Technologies worth $19,077,000 at the end of the most recent reporting period.
Several other hedge funds have also added to or reduced their stakes in UFPT. AlphaQuest LLC bought a new position in UFP Technologies during the 4th quarter worth $25,000. Johnson Financial Group Inc. bought a new position in UFP Technologies during the 4th quarter worth $42,000. Venturi Wealth Management LLC bought a new position in UFP Technologies during the 4th quarter worth $74,000. EverSource Wealth Advisors LLC increased its stake in UFP Technologies by 24.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 333 shares of the industrial products company's stock worth $81,000 after acquiring an additional 66 shares during the period. Finally, Lazard Asset Management LLC bought a new position in UFP Technologies during the 4th quarter worth $84,000. 87.28% of the stock is owned by institutional investors and hedge funds.
UFP Technologies Price Performance
Shares of UFPT traded up $4.44 during midday trading on Thursday, hitting $240.25. The company's stock had a trading volume of 120,792 shares, compared to its average volume of 105,766. UFP Technologies, Inc. has a one year low of $178.26 and a one year high of $366.41. The company's fifty day simple moving average is $226.21 and its two-hundred day simple moving average is $237.99. The company has a quick ratio of 1.45, a current ratio of 2.58 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $1.85 billion, a price-to-earnings ratio of 29.41 and a beta of 1.12.
UFP Technologies (NASDAQ:UFPT - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The industrial products company reported $2.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.05 by $0.42. UFP Technologies had a return on equity of 21.27% and a net margin of 11.59%. The company had revenue of $148.15 million for the quarter, compared to analyst estimates of $139.93 million.
Insider Activity at UFP Technologies
In related news, SVP Christopher P. Litterio sold 1,473 shares of the firm's 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. This trade represents a 10.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 4.40% of the stock is currently owned by company insiders.
Analyst Upgrades and Downgrades
UFPT has been the topic of several recent analyst reports. Raymond James Financial initiated coverage on UFP Technologies in a research note on Friday, March 28th. They issued a "market perform" rating on the stock. Lake Street Capital set a $252.00 price target on UFP Technologies and gave the company a "buy" rating in a research note on Wednesday, May 7th.
Check Out Our Latest Research Report on UFPT
About UFP Technologies
(
Free Report)
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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