28,578 Shares in UFP Technologies, Inc. $UFPT Bought by Nuveen LLC

Key Points

• Nuveen LLC has acquired a new stake in UFP Technologies, investing approximately $5.76 million for 28,578 shares, marking its ownership at 0.37% as of recent SEC filings.
• UFP Technologies reported earnings per share of $2.50, exceeding analysts' estimates of $2.25, with a significant year-over-year revenue increase of 37.2%.
• Analysts at Lake Street Capital have raised their price target for UFP Technologies from $252.00 to $289.00, maintaining a "buy" rating on the stock.

Nuveen LLC purchased a new stake in UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 28,578 shares of the industrial products company's stock, valued at approximately $5,764,000. Nuveen LLC owned 0.37% of UFP Technologies at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC bought a new position in UFP Technologies in the 1st quarter valued at $2,971,000. Farther Finance Advisors LLC lifted its holdings in shares of UFP Technologies by 422.5% during the 1st quarter. Farther Finance Advisors LLC now owns 1,186 shares of the industrial products company's stock worth $242,000 after acquiring an additional 959 shares during the last quarter. Fiera Capital Corp lifted its holdings in shares of UFP Technologies by 12.5% during the 1st quarter. Fiera Capital Corp now owns 46,105 shares of the industrial products company's stock worth $9,300,000 after acquiring an additional 5,105 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of UFP Technologies by 3.0% during the 1st quarter. Principal Financial Group Inc. now owns 40,274 shares of the industrial products company's stock worth $8,124,000 after acquiring an additional 1,166 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. lifted its holdings in shares of UFP Technologies by 25.8% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 1,033 shares of the industrial products company's stock worth $208,000 after acquiring an additional 212 shares during the last quarter. 87.28% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Lake Street Capital lifted their price objective on shares of UFP Technologies from $252.00 to $289.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $289.00.

UFP Technologies Price Performance

Shares of NASDAQ UFPT traded down $1.13 during mid-day trading on Friday, reaching $210.16. 91,055 shares of the company were exchanged, compared to its average volume of 120,804. The stock has a market capitalization of $1.62 billion, a PE ratio of 24.35 and a beta of 1.20. The company's 50 day moving average price is $231.62 and its 200 day moving average price is $226.18. UFP Technologies, Inc. has a 52 week low of $178.26 and a 52 week high of $366.41. The company has a quick ratio of 1.53, a current ratio of 2.77 and a debt-to-equity ratio of 0.39.

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

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.