Neumeier Poma Investment Counsel LLC Makes New Investment in UFP Technologies, Inc. $UFPT

Neumeier Poma Investment Counsel LLC purchased a new stake in UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 84,575 shares of the industrial products company's stock, valued at approximately $22,423,370. Neumeier Poma Investment Counsel LLC owned about 1.09% of UFP Technologies at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in UFPT. Global Retirement Partners LLC bought a new position in shares of UFP Technologies during the 4th quarter worth about $28,000. Silvant Capital Management LLC purchased a new position in shares of UFP Technologies in the 2nd quarter worth $29,000. Smartleaf Asset Management LLC grew its position in shares of UFP Technologies by 1,500.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 176 shares of the industrial products company's stock valued at $41,000 after purchasing an additional 165 shares in the last quarter. Versant Capital Management Inc lifted its position in shares of UFP Technologies by 1,291.7% during the second quarter. Versant Capital Management Inc now owns 167 shares of the industrial products company's stock worth $44,000 after purchasing an additional 155 shares during the last quarter. Finally, Canada Pension Plan Investment Board acquired a new stake in UFP Technologies in the second quarter valued at approximately $49,000. Institutional investors own 87.28% of the company's stock.

Analysts Set New Price Targets

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

Insider Buying and Selling

In related news, Chairman R Jeffrey Bailly sold 10,682 shares of the firm's stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $318.63, for a total transaction of $3,403,605.66. Following the completion of the sale, the chairman directly owned 18,024 shares in the company, valued at approximately $5,742,987.12. This trade represents a 37.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Cynthia L. Feldmann sold 1,200 shares of UFP Technologies stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $239.29, for a total transaction of $287,148.00. Following the transaction, the director directly owned 5,476 shares of the company's stock, valued at $1,310,352.04. This represents a 17.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 27,119 shares of company stock worth $8,460,232. Insiders own 4.59% of the company's stock.

UFP Technologies Stock Performance

Shares of UFPT stock traded up $1.47 during trading hours on Friday, hitting $301.42. 68,356 shares of the company were exchanged, compared to its average volume of 199,539. UFP Technologies, Inc. has a 52-week low of $173.86 and a 52-week high of $338.71. The company has a current ratio of 3.00, a quick ratio of 1.72 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $2.33 billion, a price-to-earnings ratio of 32.48 and a beta of 1.08. The firm has a fifty day simple moving average of $274.01 and a 200 day simple moving average of $235.74.

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

UFP Technologies Company Profile

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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