UFP Technologies, Inc. $UFPT Shares Acquired by CW Advisors LLC

Key Points

• CW Advisors LLC increased its stake in UFP Technologies by 9.2% in Q1, owning 44,260 shares valued at approximately $8.93 million.
• UFP Technologies reported earnings of $2.50 EPS, surpassing analysts' estimates and achieving a year-over-year revenue increase of 37.2%.
• Analysts have raised the price target for UFP Technologies to $289.00, with a consensus rating of "Moderate Buy" for the stock.

CW Advisors LLC lifted its stake in shares of UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) by 9.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 44,260 shares of the industrial products company's stock after purchasing an additional 3,730 shares during the period. CW Advisors LLC owned 0.57% of UFP Technologies worth $8,928,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in UFPT. Wells Fargo & Company MN boosted its holdings in shares of UFP Technologies by 24.4% during the 4th quarter. Wells Fargo & Company MN now owns 8,312 shares of the industrial products company's stock worth $2,032,000 after purchasing an additional 1,629 shares during the last quarter. Barclays PLC boosted its holdings in shares of UFP Technologies by 3.9% during the 4th quarter. Barclays PLC now owns 13,437 shares of the industrial products company's stock worth $3,285,000 after purchasing an additional 500 shares during the last quarter. Mariner LLC acquired a new position in shares of UFP Technologies during the 4th quarter worth approximately $354,000. Canada Pension Plan Investment Board boosted its holdings in shares of UFP Technologies by 25.0% during the 4th 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 last quarter. Finally, First Trust Advisors LP boosted its holdings in shares of UFP Technologies by 13.3% during the 4th quarter. First Trust Advisors LP now owns 18,663 shares of the industrial products company's stock worth $4,563,000 after purchasing an additional 2,190 shares during the last quarter. 87.28% of the stock is currently owned by institutional investors and hedge funds.

UFP Technologies Price Performance

NASDAQ:UFPT opened at $225.74 on Friday. UFP Technologies, Inc. has a 52 week low of $178.26 and a 52 week high of $366.41. The company has a quick ratio of 1.53, a current ratio of 2.77 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $1.74 billion, a P/E ratio of 26.16 and a beta of 1.14. The stock's fifty day moving average is $233.88 and its two-hundred day moving average is $228.44.

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

Analysts Set New Price Targets

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 report on Wednesday, August 6th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $289.00.

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.

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