UFP Technologies, Inc. (NASDAQ:UFPT) Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. grew its holdings in shares of UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) by 2.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 507,531 shares of the industrial products company's stock after purchasing an additional 12,420 shares during the period. Vanguard Group Inc. owned about 6.64% of UFP Technologies worth $81,941,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Teachers Retirement System of The State of Kentucky increased its stake in UFP Technologies by 112.7% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 2,340 shares of the industrial products company's stock worth $378,000 after purchasing an additional 1,240 shares during the period. American Century Companies Inc. purchased a new stake in UFP Technologies during the third quarter worth about $344,000. Deutsche Bank AG increased its stake in UFP Technologies by 19.3% during the third quarter. Deutsche Bank AG now owns 3,594 shares of the industrial products company's stock worth $580,000 after purchasing an additional 581 shares during the period. Comerica Bank acquired a new position in shares of UFP Technologies during the third quarter worth about $544,000. Finally, Townsquare Capital LLC grew its position in shares of UFP Technologies by 14.6% during the third quarter. Townsquare Capital LLC now owns 8,315 shares of the industrial products company's stock worth $1,342,000 after buying an additional 1,060 shares in the last quarter. 87.28% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at UFP Technologies

In other UFP Technologies news, SVP Christopher P. Litterio sold 2,000 shares of the business's stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $208.65, for a total value of $417,300.00. Following the completion of the sale, the senior vice president now owns 14,334 shares in the company, valued at $2,990,789.10. The sale was disclosed in a document filed with the SEC, which is available through this link. In other UFP Technologies news, VP Steve Cardin sold 311 shares of the business's stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $196.50, for a total value of $61,111.50. Following the completion of the sale, the vice president now owns 5,643 shares in the company, valued at $1,108,849.50. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Christopher P. Litterio sold 2,000 shares of the company's stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $208.65, for a total value of $417,300.00. Following the sale, the senior vice president now owns 14,334 shares of the company's stock, valued at approximately $2,990,789.10. The disclosure for this sale can be found here. Insiders sold 31,125 shares of company stock valued at $6,511,420 over the last three months. 7.80% of the stock is owned by corporate insiders.

UFP Technologies Stock Up 0.5 %

UFPT traded up $1.15 on Friday, reaching $251.35. The company's stock had a trading volume of 55,741 shares, compared to its average volume of 76,659. The stock has a 50 day moving average of $206.77 and a two-hundred day moving average of $177.90. The company has a quick ratio of 1.28, a current ratio of 2.48 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $1.92 billion, a price-to-earnings ratio of 42.97 and a beta of 0.83. UFP Technologies, Inc. has a fifty-two week low of $123.68 and a fifty-two week high of $257.29.

UFP Technologies (NASDAQ:UFPT - Get Free Report) last announced its quarterly earnings results on Wednesday, February 21st. The industrial products company reported $1.53 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.12 by $0.41. The firm had revenue of $101.50 million during the quarter, compared to the consensus estimate of $94.80 million. UFP Technologies had a return on equity of 25.48% and a net margin of 11.23%. As a group, analysts forecast that UFP Technologies, Inc. will post 6.19 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

UFPT has been the subject of a number of analyst reports. CJS Securities initiated coverage on UFP Technologies in a research report on Wednesday, March 20th. They set an "outperform" rating and a $255.00 price objective for the company. KeyCorp initiated coverage on UFP Technologies in a research report on Tuesday, February 6th. They set a "sector weight" rating for the company. Finally, StockNews.com raised UFP Technologies from a "sell" rating to a "hold" rating in a research report on Thursday, February 22nd.

About UFP Technologies

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.