UFP Technologies, Inc. $UFPT Shares Acquired by UBS Group AG

UBS Group AG lifted its position in shares of UFP Technologies, Inc. (NASDAQ:UFPT) by 22.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 189,403 shares of the industrial products company’s stock after acquiring an additional 34,715 shares during the period. UBS Group AG’s holdings in UFP Technologies were worth $42,053,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Allspring Global Investments Holdings LLC raised its position in shares of UFP Technologies by 60.3% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 166,135 shares of the industrial products company’s stock valued at $37,115,000 after acquiring an additional 62,472 shares in the last quarter. Public Sector Pension Investment Board raised its position in shares of UFP Technologies by 20.7% during the 3rd quarter. Public Sector Pension Investment Board now owns 30,119 shares of the industrial products company’s stock valued at $6,012,000 after acquiring an additional 5,174 shares in the last quarter. Applied Fundamental Research LLC raised its position in shares of UFP Technologies by 23.6% during 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 acquiring an additional 9,314 shares in the last quarter. Congress Asset Management Co. raised its position in shares of UFP Technologies by 32.4% during the 4th quarter. Congress Asset Management Co. now owns 441,122 shares of the industrial products company’s stock valued at $97,942,000 after acquiring an additional 107,908 shares in the last quarter. Finally, First National Bank of Omaha acquired a new stake in shares of UFP Technologies during the 3rd quarter valued at approximately $2,082,000. 87.28% of the stock is owned by institutional investors and hedge funds.

UFP Technologies Price Performance

Shares of NASDAQ UFPT opened at $218.20 on Thursday. UFP Technologies, Inc. has a 1-year low of $173.86 and a 1-year high of $274.93. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.91 and a quick ratio of 1.52. The business’s fifty day moving average price is $201.13 and its two-hundred day moving average price is $221.33. The firm has a market capitalization of $1.69 billion, a PE ratio of 24.77 and a beta of 1.08.

UFP Technologies (NASDAQ:UFPT) last issued its earnings results on Monday, May 4th. The industrial products company reported $2.48 earnings per share for the quarter, topping the consensus estimate of $2.18 by $0.30. UFP Technologies had a return on equity of 18.47% and a net margin of 11.27%.The firm had revenue of $154.20 million for the quarter, compared to analyst estimates of $154.78 million. During the same period last year, the company earned $2.47 earnings per share. The firm’s revenue for the quarter was up 4.1% on a year-over-year basis. On average, research analysts expect that UFP Technologies, Inc. will post 9.9 EPS for the current year.

Analyst Ratings Changes

UFPT has been the topic of several research reports. Zacks Research raised UFP Technologies from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 14th. Wall Street Zen raised UFP Technologies from a “sell” rating to a “hold” rating in a research report on Saturday, March 28th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $289.00.

About UFP Technologies

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.