Peterson Wealth Services Invests $204,000 in UFP Technologies, Inc. (NASDAQ:UFPT)

Peterson Wealth Services bought a new position in UFP Technologies, Inc. (NASDAQ:UFPT) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 1,188 shares of the industrial products company’s stock, valued at approximately $204,000.

Several other hedge funds also recently made changes to their positions in the company. Nordea Investment Management AB grew its position in shares of UFP Technologies by 0.4% in the 3rd quarter. Nordea Investment Management AB now owns 21,653 shares of the industrial products company’s stock worth $3,443,000 after acquiring an additional 84 shares in the last quarter. Ameritas Investment Partners Inc. boosted its position in UFP Technologies by 17.4% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 586 shares of the industrial products company’s stock valued at $114,000 after purchasing an additional 87 shares during the period. The Manufacturers Life Insurance Company boosted its position in UFP Technologies by 4.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,703 shares of the industrial products company’s stock valued at $524,000 after purchasing an additional 107 shares during the period. Commonwealth Equity Services LLC boosted its position in UFP Technologies by 5.9% during the 2nd quarter. Commonwealth Equity Services LLC now owns 1,950 shares of the industrial products company’s stock valued at $378,000 after purchasing an additional 109 shares during the period. Finally, Barclays PLC boosted its position in UFP Technologies by 3.4% during the 2nd quarter. Barclays PLC now owns 3,577 shares of the industrial products company’s stock valued at $692,000 after purchasing an additional 117 shares during the period. Institutional investors and hedge funds own 87.28% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. CJS Securities assumed coverage on UFP Technologies in a research report on Wednesday, March 20th. They set an “outperform” rating and a $255.00 price target for the company. KeyCorp assumed coverage on UFP Technologies in a research report on Tuesday, February 6th. They set a “sector weight” rating for the company. Finally, StockNews.com upgraded UFP Technologies from a “sell” rating to a “hold” rating in a research report on Thursday, February 22nd.

Insider Buying and Selling

In other UFP Technologies news, VP Steve Cardin sold 311 shares of the company’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 transaction, the vice president now owns 5,643 shares of the company’s stock, valued at approximately $1,108,849.50. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other UFP Technologies news, Director Cynthia L. Feldmann sold 1,724 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $207.77, for a total value of $358,195.48. Following the transaction, the director now directly owns 4,466 shares in the company, valued at approximately $927,900.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Steve Cardin sold 311 shares of the stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $196.50, for a total value of $61,111.50. Following the completion of the transaction, the vice president now owns 5,643 shares in the company, valued at $1,108,849.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 31,125 shares of company stock valued at $6,511,420. Insiders own 7.80% of the company’s stock.

UFP Technologies Stock Down 3.5 %

NASDAQ:UFPT opened at $217.74 on Friday. The business’s fifty day moving average price is $217.47 and its 200 day moving average price is $182.47. The company has a current ratio of 2.48, a quick ratio of 1.28 and a debt-to-equity ratio of 0.10. UFP Technologies, Inc. has a 1-year low of $127.29 and a 1-year high of $257.29. The firm has a market capitalization of $1.66 billion, a price-to-earnings ratio of 37.22 and a beta of 0.83.

UFP Technologies (NASDAQ:UFPT) last issued its earnings results on Wednesday, February 21st. The industrial products company reported $1.53 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.41. The firm had revenue of $101.50 million for 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%. On average, sell-side analysts forecast that UFP Technologies, Inc. will post 6.19 earnings per share for the current fiscal year.

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.