CW Advisors LLC Raises Holdings in UFP Technologies, Inc. $UFPT

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 holdings in UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) by 9.2% in the 1st quarter, according to its most recent filing with the SEC. The firm 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 about 0.57% of UFP Technologies worth $8,928,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Alliance Wealth Advisors LLC UT increased its position in shares of UFP Technologies by 2.0% during the first quarter. Alliance Wealth Advisors LLC UT now owns 3,088 shares of the industrial products company's stock worth $623,000 after purchasing an additional 62 shares in the last quarter. Kestra Private Wealth Services LLC increased its position in UFP Technologies by 4.0% during the 1st quarter. Kestra Private Wealth Services LLC now owns 2,108 shares of the industrial products company's stock valued at $425,000 after buying an additional 82 shares in the last quarter. Canada Pension Plan Investment Board raised its stake in UFP Technologies by 25.0% in the fourth quarter. Canada Pension Plan Investment Board now owns 500 shares of the industrial products company's stock valued at $122,000 after buying an additional 100 shares during the last quarter. Portside Wealth Group LLC boosted its holdings in UFP Technologies by 5.4% in the first quarter. Portside Wealth Group LLC now owns 1,971 shares of the industrial products company's stock worth $398,000 after acquiring an additional 101 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of UFP Technologies by 1.4% in the 4th 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 valued at $2,819,000 after purchasing an additional 163 shares during the last quarter. 87.28% of the stock is currently owned by institutional investors.

UFP Technologies Stock Performance

UFPT traded down $0.13 on Thursday, reaching $214.45. The stock had a trading volume of 37,895 shares, compared to its average volume of 134,395. The business's 50-day moving average price is $232.69 and its two-hundred day moving average price is $227.25. The company has a market cap of $1.65 billion, a P/E ratio of 24.85 and a beta of 1.14. UFP Technologies, Inc. has a 12-month low of $178.26 and a 12-month 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.

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

Analyst Ratings Changes

Separately, Lake Street Capital raised their price target on shares of UFP Technologies from $252.00 to $289.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, UFP Technologies currently has a consensus 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.