UFP Technologies, Inc. $UFPT Shares Sold by Mountain Pacific Investment Advisers LLC

Mountain Pacific Investment Advisers LLC lessened its position in shares of UFP Technologies, Inc. (NASDAQ:UFPT) by 82.4% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 17,394 shares of the industrial products company’s stock after selling 81,516 shares during the quarter. Mountain Pacific Investment Advisers LLC’s holdings in UFP Technologies were worth $3,472,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Applied Fundamental Research LLC raised its holdings in shares of UFP Technologies by 23.6% in the 3rd quarter. Applied Fundamental Research LLC now owns 48,753 shares of the industrial products company’s stock valued at $9,731,000 after buying an additional 9,314 shares during the period. Anchor Capital Advisors LLC grew its holdings in UFP Technologies by 1.6% during the 3rd quarter. Anchor Capital Advisors LLC now owns 4,350 shares of the industrial products company’s stock worth $868,000 after acquiring an additional 70 shares in the last quarter. Amalgamated Bank increased its holdings in UFP Technologies by 4.4% in the third quarter. Amalgamated Bank now owns 2,171 shares of the industrial products company’s stock valued at $433,000 after buying an additional 91 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of UFP Technologies by 5.1% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 169,982 shares of the industrial products company’s stock worth $33,928,000 after acquiring an additional 8,231 shares in the last quarter. Finally, First National Advisers LLC raised its position in shares of UFP Technologies by 2.7% during the 3rd quarter. First National Advisers LLC now owns 10,377 shares of the industrial products company’s stock worth $2,072,000 after acquiring an additional 274 shares in the last quarter. Hedge funds and other institutional investors own 87.28% of the company’s stock.

Insiders Place Their Bets

In other UFP Technologies news, SVP Christopher P. Litterio sold 1,829 shares of the stock in a transaction on Thursday, November 6th. The stock was sold at an average price of $227.20, for a total value of $415,548.80. Following the completion of the transaction, the senior vice president owned 10,756 shares in the company, valued at approximately $2,443,763.20. This represents a 14.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 4.40% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of UFP Technologies in a research note on Wednesday, October 8th. Zacks Research raised shares of UFP Technologies from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 14th. Finally, Wall Street Zen cut shares of UFP Technologies from a “hold” rating to a “sell” rating in a research report on Friday, November 28th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $289.00.

UFP Technologies Stock Up 1.1%

UFPT stock opened at $265.17 on Thursday. The company has a market cap of $2.04 billion, a price-to-earnings ratio of 30.73 and a beta of 1.11. The company has a fifty day moving average price of $231.97 and a 200 day moving average price of $220.13. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.41 and a quick ratio of 1.36. UFP Technologies, Inc. has a 12 month low of $178.26 and a 12 month high of $289.57.

UFP Technologies (NASDAQ:UFPT) last issued its quarterly earnings data on Monday, November 3rd. The industrial products company reported $2.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.22 by $0.17. UFP Technologies had a net margin of 11.23% and a return on equity of 20.45%. The company had revenue of $154.56 million for the quarter, compared to the consensus estimate of $149.56 million. UFP Technologies’s revenue was up 6.5% compared to the same quarter last year.

UFP Technologies Company Profile

UFP Technologies, Inc (NASDAQ: UFPT) is a global designer and manufacturer of custom-engineered products using plastics, foams and adhesives. The company partners with customers to develop application-specific solutions through a range of in-house processes, including foam fabrication, die cutting, sheet processing, lamination, machining and assembly services. Its components find use in industries requiring precise material properties, such as medical devices, aerospace, defense, electronics and transportation.

Building on its origins as a specialty foam converter, UFP Technologies has expanded its capabilities to include advanced material technologies, such as thermal management and electromagnetic interference (EMI) shielding solutions.