UFP Technologies, Inc. (NASDAQ:UFPT) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC lowered its position in UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) by 8.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,696 shares of the industrial products company's stock after selling 1,928 shares during the quarter. Nuveen Asset Management LLC owned 0.26% of UFP Technologies worth $4,816,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its holdings in UFP Technologies by 3.8% in the 4th quarter. Principal Financial Group Inc. now owns 39,108 shares of the industrial products company's stock worth $9,562,000 after buying an additional 1,444 shares in the last quarter. Northern Trust Corp lifted its holdings in UFP Technologies by 8.1% in the 4th quarter. Northern Trust Corp now owns 92,064 shares of the industrial products company's stock worth $22,511,000 after buying an additional 6,873 shares in the last quarter. Raymond James Financial Inc. acquired a new position in UFP Technologies in the 4th quarter worth $16,808,000. Mesirow Financial Investment Management Inc. increased its position in shares of UFP Technologies by 102.3% in the 4th quarter. Mesirow Financial Investment Management Inc. now owns 3,170 shares of the industrial products company's stock worth $775,000 after purchasing an additional 1,603 shares during the last quarter. Finally, Amundi increased its position in shares of UFP Technologies by 197.1% in the 4th quarter. Amundi now owns 3,812 shares of the industrial products company's stock worth $957,000 after purchasing an additional 2,529 shares during the last quarter. Institutional investors and hedge funds own 87.28% of the company's stock.

UFP Technologies Stock Performance

Shares of NASDAQ UFPT traded up $1.20 during midday trading on Wednesday, hitting $240.08. The company's stock had a trading volume of 596,315 shares, compared to its average volume of 95,615. UFP Technologies, Inc. has a 1-year low of $178.26 and a 1-year high of $366.41. The firm's fifty day moving average price is $218.76 and its 200-day moving average price is $242.82. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.43 and a current ratio of 2.57. The firm has a market cap of $1.85 billion, a P/E ratio of 34.25 and a beta of 1.10.

UFP Technologies (NASDAQ:UFPT - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The industrial products company reported $2.47 EPS for the quarter, beating the consensus estimate of $2.05 by $0.42. UFP Technologies had a net margin of 11.74% and a return on equity of 18.92%. The business had revenue of $148.15 million during the quarter, compared to analyst estimates of $139.93 million.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Lake Street Capital set a $252.00 target price on shares of UFP Technologies and gave the stock a "buy" rating in a research report on Wednesday, May 7th. Raymond James assumed coverage on shares of UFP Technologies in a research report on Friday, March 28th. They issued a "market perform" rating for the company.

Insider Activity

In other UFP Technologies news, SVP Christopher P. Litterio sold 1,473 shares of the business's stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $220.12, for a total transaction of $324,236.76. Following the completion of the transaction, the senior vice president now directly owns 12,585 shares of the company's stock, valued at $2,770,210.20. The trade was a 10.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 4.40% of the company's stock.

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.