UFP Technologies, Inc. (NASDAQ:UFPT) Shares Acquired by Northern Trust Corp

Northern Trust Corp grew its stake in UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) by 8.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 92,064 shares of the industrial products company's stock after buying an additional 6,873 shares during the quarter. Northern Trust Corp owned 1.20% of UFP Technologies worth $22,511,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. AlphaQuest LLC purchased a new stake in UFP Technologies during the fourth quarter worth approximately $25,000. Johnson Financial Group Inc. purchased a new stake in UFP Technologies during the fourth quarter worth approximately $42,000. Venturi Wealth Management LLC purchased a new stake in UFP Technologies during the fourth quarter worth approximately $74,000. EverSource Wealth Advisors LLC lifted its stake in UFP Technologies by 24.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 333 shares of the industrial products company's stock worth $81,000 after purchasing an additional 66 shares during the last quarter. Finally, KBC Group NV lifted its stake in UFP Technologies by 37.9% during the fourth quarter. KBC Group NV now owns 375 shares of the industrial products company's stock worth $92,000 after purchasing an additional 103 shares during the last quarter. Hedge funds and other institutional investors own 87.28% of the company's stock.

Insider Activity at UFP Technologies

In related news, SVP Christopher P. Litterio sold 1,473 shares of the firm's stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $220.12, for a total transaction of $324,236.76. Following the sale, the senior vice president now directly owns 12,585 shares in the company, valued at approximately $2,770,210.20. This trade represents a 10.48% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Daniel C. Croteau sold 6,846 shares of UFP Technologies stock in a transaction that occurred 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 owns 1,785 shares in the company, valued at $407,711.85. This represents a 79.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.40% of the stock is currently owned by corporate insiders.

UFP Technologies Price Performance

NASDAQ:UFPT traded up $9.63 during trading hours on Friday, hitting $253.30. The company's stock had a trading volume of 87,913 shares, compared to its average volume of 84,780. The business's 50-day moving average is $211.73 and its two-hundred day moving average is $249.46. The company has a market capitalization of $1.95 billion, a PE ratio of 36.13 and a beta of 1.10. 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, Inc. has a 52-week low of $178.26 and a 52-week high of $366.41.

UFP Technologies (NASDAQ:UFPT - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The industrial products company reported $2.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.05 by $0.42. The firm had revenue of $148.15 million during the quarter, compared to analysts' expectations of $139.93 million. UFP Technologies had a return on equity of 18.92% and a net margin of 11.74%.

Analysts Set New Price Targets

UFPT has been the subject of several recent analyst reports. Lake Street Capital set a $252.00 target price on UFP Technologies and gave the stock a "buy" rating in a research note on Wednesday, May 7th. Raymond James began coverage on UFP Technologies in a research note on Friday, March 28th. They issued a "market perform" rating for the company. Finally, StockNews.com cut UFP Technologies from a "hold" rating to a "sell" rating in a research note on Thursday, January 23rd.

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.