UFP Technologies, Inc. (NASDAQ:UFPT) Holdings Lifted by Oak Ridge Investments LLC

Key Points

• Oak Ridge Investments LLC increased its holdings in UFP Technologies by 12.9% in Q1, owning 9,681 shares valued at approximately $1.95 million.
• UFP Technologies reported a quarterly earnings of $2.50 per share, surpassing estimates, with a revenue increase of 37.2% year-over-year.
• Lake Street Capital raised the target price for UFP Technologies from $252.00 to $289.00 and recommended a "buy" rating.

Oak Ridge Investments LLC boosted its position in shares of UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) by 12.9% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,681 shares of the industrial products company's stock after buying an additional 1,105 shares during the quarter. Oak Ridge Investments LLC owned 0.13% of UFP Technologies worth $1,953,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Kestra Private Wealth Services LLC raised its position in shares of UFP Technologies by 4.0% during the first quarter. Kestra Private Wealth Services LLC now owns 2,108 shares of the industrial products company's stock worth $425,000 after purchasing an additional 82 shares during the period. Canada Pension Plan Investment Board raised its position in shares of UFP Technologies by 25.0% during the fourth quarter. Canada Pension Plan Investment Board now owns 500 shares of the industrial products company's stock worth $122,000 after purchasing an additional 100 shares during the period. Portside Wealth Group LLC raised its position in shares of UFP Technologies by 5.4% during the first quarter. Portside Wealth Group LLC now owns 1,971 shares of the industrial products company's stock worth $398,000 after purchasing an additional 101 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of UFP Technologies by 1.4% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 11,529 shares of the industrial products company's stock worth $2,819,000 after purchasing an additional 163 shares during the period. Finally, Diversify Advisory Services LLC raised its position in shares of UFP Technologies by 17.3% during the first quarter. Diversify Advisory Services LLC now owns 1,111 shares of the industrial products company's stock worth $235,000 after purchasing an additional 164 shares during the period. Institutional investors own 87.28% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Lake Street Capital boosted their target price on UFP Technologies from $252.00 to $289.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th.

UFP Technologies Stock Up 3.1%

NASDAQ:UFPT opened at $226.61 on Thursday. The firm has a market capitalization of $1.75 billion, a price-to-earnings ratio of 26.26 and a beta of 1.14. UFP Technologies, Inc. has a 1-year low of $178.26 and a 1-year high of $366.41. The company has a current ratio of 2.77, a quick ratio of 1.53 and a debt-to-equity ratio of 0.39. The business's fifty day moving average price is $236.25 and its 200 day moving average price is $231.07.

UFP Technologies (NASDAQ:UFPT - Get Free Report) last posted 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. The firm had revenue of $151.18 million for the quarter, compared to analyst estimates of $151.55 million. UFP Technologies had a return on equity of 21.54% and a net margin of 11.40%. UFP Technologies's quarterly revenue was up 37.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.86 earnings per share.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.