UFP Technologies, Inc. $UFPT is Applied Fundamental Research LLC's 5th Largest Position

Key Points

• Applied Fundamental Research LLC has reduced its stake in UFP Technologies, Inc. by 12.0%, making it the fund's 5th largest holding, comprising 8.5% of its portfolio.
• Analysts have upgraded UFP Technologies with Lake Street Capital raising their target price to $289.00, while the stock currently holds a mixed rating of one "Buy" and two "Hold".
• UFP Technologies reported a quarterly earnings per share of $1.37 with revenues of $96.97 million, reflecting a strong return on equity of 21.54%.

Applied Fundamental Research LLC lowered its stake in shares of UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) by 12.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 39,439 shares of the industrial products company's stock after selling 5,402 shares during the period. UFP Technologies accounts for 8.5% of Applied Fundamental Research LLC's investment portfolio, making the stock its 5th biggest holding. Applied Fundamental Research LLC owned approximately 0.51% of UFP Technologies worth $9,629,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. GAMMA Investing LLC increased its position in UFP Technologies by 37.6% in the second quarter. GAMMA Investing LLC now owns 183 shares of the industrial products company's stock worth $45,000 after buying an additional 50 shares during the last quarter. State of Wyoming increased its holdings in UFP Technologies by 34.7% in the 1st quarter. State of Wyoming now owns 365 shares of the industrial products company's stock worth $74,000 after acquiring an additional 94 shares during the last quarter. Jones Financial Companies Lllp purchased a new position in UFP Technologies in the 1st quarter valued at approximately $172,000. CreativeOne Wealth LLC purchased a new position in shares of UFP Technologies in the first quarter valued at $203,000. Finally, Dakota Wealth Management purchased a new position in UFP Technologies during the 1st quarter valued at about $204,000. Hedge funds and other institutional investors own 87.28% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Lake Street Capital lifted their target price on UFP Technologies from $252.00 to $289.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of UFP Technologies in a research note on Wednesday, October 8th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $289.00.

UFP Technologies Stock Up 2.0%

Shares of NASDAQ:UFPT opened at $199.34 on Wednesday. The firm has a fifty day moving average of $205.92 and a 200 day moving average of $220.56. UFP Technologies, Inc. has a 52-week low of $178.26 and a 52-week high of $354.22. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.53 and a current ratio of 2.77. The firm has a market capitalization of $1.54 billion, a PE ratio of 23.10 and a beta of 1.19.

UFP Technologies (NASDAQ:UFPT - Get Free Report) last issued its earnings results on Thursday, November 9th. The industrial products company reported $1.37 earnings per share (EPS) for the quarter. The business had revenue of $96.97 million during the quarter. UFP Technologies had a return on equity of 21.54% and a net margin of 11.40%.

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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