Price T Rowe Associates Inc. MD Buys 63,899 Shares of UFP Technologies, Inc. (NASDAQ:UFPT)

Price T Rowe Associates Inc. MD raised its holdings in shares of UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) by 55.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 178,411 shares of the industrial products company's stock after acquiring an additional 63,899 shares during the period. Price T Rowe Associates Inc. MD owned about 2.33% of UFP Technologies worth $43,625,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. AlphaQuest LLC purchased a new position in UFP Technologies in the 4th quarter worth $25,000. Venturi Wealth Management LLC bought a new stake in shares of UFP Technologies in the 4th quarter valued at about $74,000. EverSource Wealth Advisors LLC boosted its holdings in UFP Technologies by 24.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 333 shares of the industrial products company's stock valued at $81,000 after acquiring an additional 66 shares during the period. KBC Group NV boosted its holdings in UFP Technologies by 37.9% during the 4th quarter. KBC Group NV now owns 375 shares of the industrial products company's stock valued at $92,000 after acquiring an additional 103 shares during the period. Finally, Principal Securities Inc. grew its position in UFP Technologies by 110.4% during the 4th quarter. Principal Securities Inc. now owns 444 shares of the industrial products company's stock worth $109,000 after acquiring an additional 233 shares during the last quarter. 87.28% of the stock is owned by hedge funds and other institutional investors.

UFP Technologies Trading Up 1.4 %

Shares of UFP Technologies stock traded up $2.89 during midday trading on Monday, reaching $205.10. 204,676 shares of the company's stock traded hands, compared to its average volume of 81,085. The company has a market cap of $1.58 billion, a PE ratio of 29.41 and a beta of 1.08. The stock has a 50 day moving average of $209.15 and a 200-day moving average of $252.77. UFP Technologies, Inc. has a 12 month low of $178.26 and a 12 month high of $366.41. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.43 and a current ratio of 2.57.

UFP Technologies (NASDAQ:UFPT - Get Free Report) last announced its quarterly earnings results on Tuesday, February 25th. The industrial products company reported $2.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.01 by $0.45. UFP Technologies had a net margin of 11.74% and a return on equity of 18.92%. The company had revenue of $144.07 million for the quarter, compared to analysts' expectations of $141.67 million.

Wall Street Analyst Weigh In

UFPT has been the subject of a number of analyst reports. StockNews.com lowered UFP Technologies from a "hold" rating to a "sell" rating in a research note on Thursday, January 23rd. Raymond James initiated coverage on shares of UFP Technologies in a research report on Friday, March 28th. They issued a "market perform" rating on the stock.

Insider Transactions at UFP Technologies

In related news, Director Daniel C. Croteau sold 6,846 shares of the company's stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $228.41, for a total value of $1,563,694.86. Following the sale, the director now directly owns 1,785 shares of the company's stock, valued at $407,711.85. This represents a 79.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 6.17% 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.