Public Employees Retirement System of Ohio Trims Stock Holdings in UFP Technologies, Inc. $UFPT

Key Points

• The Public Employees Retirement System of Ohio has reduced its stake in UFP Technologies, Inc. by 10.7%, now owning 17,668 shares valued at approximately $4.31 million.
• Lake Street Capital has raised its price target for UFP Technologies from $252 to $289 and assigned a "buy" rating, reflecting growing investor confidence in the company's prospects.
• UFP Technologies reported strong quarterly results with $2.50 earnings per share, exceeding estimates and showing a 37.2% year-over-year revenue growth.

Public Employees Retirement System of Ohio decreased its holdings in UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) by 10.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,668 shares of the industrial products company's stock after selling 2,123 shares during the period. Public Employees Retirement System of Ohio owned 0.23% of UFP Technologies worth $4,314,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of UFPT. GAMMA Investing LLC boosted its position in shares of UFP Technologies by 37.6% in the second quarter. GAMMA Investing LLC now owns 183 shares of the industrial products company's stock valued at $45,000 after acquiring an additional 50 shares during the period. State of Wyoming boosted its position in shares of UFP Technologies by 34.7% in the first quarter. State of Wyoming now owns 365 shares of the industrial products company's stock valued at $74,000 after acquiring an additional 94 shares during the period. Jones Financial Companies Lllp bought a new position in shares of UFP Technologies in the first quarter valued at approximately $172,000. CreativeOne Wealth LLC bought a new position in shares of UFP Technologies in the first quarter valued at approximately $203,000. Finally, Dakota Wealth Management bought a new position in shares of UFP Technologies in the first quarter valued at approximately $204,000. 87.28% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

UFP Technologies Trading Up 3.0%

Shares of UFPT opened at $199.40 on Tuesday. The firm has a market cap of $1.54 billion, a price-to-earnings ratio of 23.11 and a beta of 1.20. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.53 and a current ratio of 2.77. UFP Technologies, Inc. has a fifty-two week low of $178.26 and a fifty-two week high of $354.22. The firm has a 50 day moving average price of $214.38 and a 200-day moving average price of $221.49.

UFP Technologies (NASDAQ:UFPT - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The industrial products company reported $2.50 earnings per share for the quarter, topping analysts' consensus estimates of $2.25 by $0.25. The firm had revenue of $151.18 million during the quarter, compared to analyst estimates of $151.55 million. UFP Technologies had a net margin of 11.40% and a return on equity of 21.54%. The business's quarterly revenue was up 37.2% on a year-over-year basis. During the same period in the previous year, the business posted $1.86 EPS.

UFP Technologies Company 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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