Punch & Associates Investment Management Inc. Takes Position in UFP Technologies, Inc. $UFPT

Punch & Associates Investment Management Inc. purchased a new stake in shares of UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 22,700 shares of the industrial products company's stock, valued at approximately $6,018,000. Punch & Associates Investment Management Inc. owned 0.29% of UFP Technologies at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the business. BlackRock Inc. acquired a new position in UFP Technologies in the 2nd quarter worth $302,622,000. Thrivent Financial for Lutherans boosted its holdings in shares of UFP Technologies by 892.3% in the 4th quarter. Thrivent Financial for Lutherans now owns 248,125 shares of the industrial products company's stock valued at $55,091,000 after buying an additional 223,121 shares during the period. Wasatch Advisors LP grew its holdings in shares of UFP Technologies by 14.6% during the fourth quarter. Wasatch Advisors LP now owns 736,027 shares of the industrial products company's stock valued at $163,420,000 after purchasing an additional 93,640 shares during the last quarter. Neumeier Poma Investment Counsel LLC acquired a new stake in UFP Technologies in the second quarter worth $22,423,370,000. Finally, Boston Trust Walden Corp lifted its position in UFP Technologies by 36.3% in the 1st quarter. Boston Trust Walden Corp now owns 317,072 shares of the industrial products company's stock valued at $61,385,000 after purchasing an additional 84,396 shares during the last quarter. Hedge funds and other institutional investors own 87.28% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on UFPT. Wall Street Zen upgraded shares of UFP Technologies from a "hold" rating to a "buy" rating in a research report on Saturday, August 8th. Weiss Ratings upgraded UFP Technologies from a "hold (c)" rating to a "hold (c+)" rating in a research report on Wednesday, August 5th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has an average rating of "Hold".

UFP Technologies Price Performance

NASDAQ UFPT opened at $304.57 on Thursday. UFP Technologies, Inc. has a 1 year low of $173.86 and a 1 year high of $338.71. The business's fifty day moving average is $272.80 and its two-hundred day moving average is $235.51. The stock has a market capitalization of $2.36 billion, a P/E ratio of 32.82 and a beta of 1.08. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.72 and a current ratio of 3.00.

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

Insider Buying and Selling at UFP Technologies

In other news, Director Symeria Hudson sold 298 shares of the business's stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $319.11, for a total transaction of $95,094.78. Following the sale, the director owned 927 shares in the company, valued at $295,814.97. The trade was a 24.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Cynthia L. Feldmann sold 1,000 shares of the company's stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $324.26, for a total transaction of $324,260.00. Following the completion of the sale, the director owned 4,476 shares of the company's stock, valued at approximately $1,451,387.76. This trade represents a 18.26% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 20,119 shares of company stock valued at $6,328,732. 4.59% of the stock is currently owned by corporate insiders.

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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