Mountain Pacific Investment Advisers LLC Purchases 1,262 Shares of UFP Technologies, Inc. (NASDAQ:UFPT)

Mountain Pacific Investment Advisers LLC grew its position in UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) by 1.4% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 94,578 shares of the industrial products company's stock after buying an additional 1,262 shares during the period. UFP Technologies accounts for approximately 1.4% of Mountain Pacific Investment Advisers LLC's investment portfolio, making the stock its 28th largest 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.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Congress Asset Management Co. lifted its stake in shares of UFP Technologies by 14.2% in the 4th quarter. Congress Asset Management Co. now owns 281,325 shares of the industrial products company's stock valued at $68,787,000 after purchasing an additional 35,022 shares during the period. Principal Securities Inc. lifted its stake in UFP Technologies by 110.4% in the fourth quarter. Principal Securities Inc. now owns 444 shares of the industrial products company's stock valued at $109,000 after buying an additional 233 shares during the period. Principal Financial Group Inc. boosted its holdings in UFP Technologies by 3.8% during the fourth quarter. Principal Financial Group Inc. now owns 39,108 shares of the industrial products company's stock worth $9,562,000 after buying an additional 1,444 shares during the last quarter. Truist Financial Corp acquired a new position in shares of UFP Technologies during the 4th quarter worth about $401,000. Finally, Venturi Wealth Management LLC acquired a new position in shares of UFP Technologies during the 4th quarter worth about $74,000. Institutional investors own 87.28% of the company's stock.

UFP Technologies Stock Performance

UFPT stock opened at $232.99 on Monday. UFP Technologies, Inc. has a 1-year low of $178.26 and a 1-year high of $366.41. The company has a current ratio of 2.57, a quick ratio of 1.43 and a debt-to-equity ratio of 0.64. The firm has a market cap of $1.80 billion, a PE ratio of 33.24 and a beta of 1.12. The business's 50-day moving average price is $224.28 and its two-hundred day moving average price is $238.58.

UFP Technologies (NASDAQ:UFPT - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The industrial products company reported $2.47 EPS for the quarter, topping analysts' consensus estimates of $2.05 by $0.42. UFP Technologies had a return on equity of 18.92% and a net margin of 11.74%. The company had revenue of $148.15 million for the quarter, compared to analyst estimates of $139.93 million.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other UFP Technologies news, SVP Christopher P. Litterio sold 1,473 shares of UFP Technologies stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $220.12, for a total value 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 document filed with the SEC, which is available through the SEC website. Corporate insiders own 4.40% of the company's 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.

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