Neumeier Poma Investment Counsel LLC Acquires New Stake in UFP Technologies, Inc. $UFPT

Neumeier Poma Investment Counsel LLC acquired a new stake in shares of UFP Technologies, Inc. (NASDAQ:UFPT) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 52,120 shares of the industrial products company’s stock, valued at approximately $11,572,000.

A number of other hedge funds also recently bought and sold shares of UFPT. Wasatch Advisors LP increased its position in UFP Technologies by 1.4% in the second quarter. Wasatch Advisors LP now owns 650,960 shares of the industrial products company’s stock worth $158,938,000 after buying an additional 8,770 shares in the last quarter. Vanguard Group Inc. increased its position in UFP Technologies by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 533,578 shares of the industrial products company’s stock worth $118,470,000 after buying an additional 5,957 shares in the last quarter. Congress Asset Management Co. increased its position in UFP Technologies by 32.4% in the fourth quarter. Congress Asset Management Co. now owns 441,122 shares of the industrial products company’s stock worth $97,942,000 after buying an additional 107,908 shares in the last quarter. Thrivent Financial for Lutherans increased its position in UFP Technologies by 892.3% in the fourth quarter. Thrivent Financial for Lutherans now owns 248,125 shares of the industrial products company’s stock worth $55,091,000 after buying an additional 223,121 shares in the last quarter. Finally, UBS Group AG increased its position in UFP Technologies by 22.4% in the fourth quarter. UBS Group AG now owns 189,403 shares of the industrial products company’s stock worth $42,053,000 after buying an additional 34,715 shares in the last quarter. Hedge funds and other institutional investors own 87.28% of the company’s stock.

Insider Buying and Selling at UFP Technologies

In other news, Director Daniel C. Croteau sold 2,864 shares of the company’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $221.71, for a total value of $634,977.44. Following the completion of the transaction, the director owned 855 shares of the company’s stock, valued at $189,562.05. This represents a 77.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 4.40% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

UFPT has been the subject of a number of analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of UFP Technologies in a research report on Friday, May 29th. Wall Street Zen upgraded UFP Technologies from a “sell” rating to a “hold” rating in a research report on Saturday, March 28th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $289.00.

UFP Technologies Stock Performance

NASDAQ UFPT opened at $224.51 on Friday. The firm has a market cap of $1.74 billion, a price-to-earnings ratio of 25.48 and a beta of 1.11. The company has a quick ratio of 1.69, a current ratio of 2.91 and a debt-to-equity ratio of 0.32. The business has a 50-day moving average price of $207.57 and a 200-day moving average price of $222.86. UFP Technologies, Inc. has a twelve month low of $173.86 and a twelve month high of $274.93.

UFP Technologies (NASDAQ:UFPT) last released its quarterly earnings data on Monday, May 4th. The industrial products company reported $2.48 earnings per share for the quarter, topping analysts’ consensus estimates of $2.18 by $0.30. The firm had revenue of $154.20 million during the quarter, compared to analyst estimates of $154.78 million. UFP Technologies had a return on equity of 18.47% and a net margin of 11.27%.The business’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.47 earnings per share. As a group, equities research analysts predict that UFP Technologies, Inc. will post 10.23 EPS for the current fiscal 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.