Nuveen LLC Purchases New Position in UFP Technologies, Inc. $UFPT

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 acquired a new position in UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 28,578 shares of the industrial products company's stock, valued at approximately $5,764,000. Nuveen LLC owned approximately 0.37% of UFP Technologies as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of UFPT. Johnson Financial Group Inc. bought a new stake in UFP Technologies during the 4th quarter valued at $42,000. Lazard Asset Management LLC bought a new stake in UFP Technologies during the 4th quarter valued at $84,000. Park Square Financial Group LLC bought a new stake in UFP Technologies during the 4th quarter valued at $107,000. Dakota Wealth Management bought a new stake in UFP Technologies during the 1st quarter valued at $204,000. Finally, Envestnet Portfolio Solutions Inc. boosted its position in 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 valued at $208,000 after acquiring an additional 212 shares in the last quarter. Institutional investors own 87.28% of the company's stock.

UFP Technologies Stock Performance

Shares of UFPT stock traded down $1.13 on Friday, hitting $210.16. The company had a trading volume of 91,055 shares, compared to its average volume of 134,458. The firm has a market cap of $1.62 billion, a P/E ratio of 24.35 and a beta of 1.14. The company has a 50-day moving average price of $232.11 and a 200-day moving average price of $226.90. 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, Inc. has a twelve month low of $178.26 and a twelve 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 for the quarter, beating the consensus estimate of $2.25 by $0.25. UFP Technologies had a return on equity of 21.54% and a net margin of 11.40%.The firm had revenue of $151.18 million during the quarter, compared to analyst estimates of $151.55 million. During the same quarter in the previous year, the business earned $1.86 EPS. UFP Technologies's revenue for the quarter was up 37.2% compared to the same quarter last year.

Wall Street Analyst Weigh In

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

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.