UFP Technologies, Inc. $UFPT Shares Sold by Peterson Wealth Services

Peterson Wealth Services lessened its holdings in shares of UFP Technologies, Inc. (NASDAQ:UFPT) by 84.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,051 shares of the industrial products company’s stock after selling 16,040 shares during the quarter. Peterson Wealth Services’ holdings in UFP Technologies were worth $677,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. Wasatch Advisors LP lifted its position in shares of UFP Technologies by 1.4% during the second quarter. Wasatch Advisors LP now owns 650,960 shares of the industrial products company’s stock worth $158,938,000 after purchasing an additional 8,770 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of UFP Technologies by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 533,578 shares of the industrial products company’s stock valued at $118,470,000 after acquiring an additional 5,957 shares in the last quarter. Congress Asset Management Co. raised its stake in shares of 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 valued at $97,942,000 after acquiring an additional 107,908 shares in the last quarter. Thrivent Financial for Lutherans raised its stake in shares of 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 valued at $55,091,000 after acquiring an additional 223,121 shares in the last quarter. Finally, UBS Group AG raised its stake in shares of UFP Technologies by 22.4% in the fourth quarter. UBS Group AG now owns 189,403 shares of the industrial products company’s stock valued at $42,053,000 after acquiring an additional 34,715 shares in the last quarter. Institutional investors and hedge funds own 87.28% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of UFP Technologies in a research note on Friday, May 29th. Wall Street Zen upgraded UFP Technologies from a “sell” rating to a “hold” rating in a research note on Saturday, March 28th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, UFP Technologies presently has an average rating of “Hold” and a consensus target price of $289.00.

Insider Transactions at UFP Technologies

In related news, Director Daniel C. Croteau sold 2,864 shares of the business’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 transaction, the director owned 855 shares in the company, valued at $189,562.05. The trade was a 77.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 4.40% of the stock is owned by company insiders.

UFP Technologies Stock Performance

Shares of UFP Technologies stock opened at $238.60 on Friday. The firm’s fifty day simple moving average is $211.67 and its 200-day simple moving average is $223.29. The stock has a market capitalization of $1.85 billion, a price-to-earnings ratio of 27.08 and a beta of 1.11. UFP Technologies, Inc. has a 12 month low of $173.86 and a 12 month high of $274.93. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.91 and a quick ratio of 1.69.

UFP Technologies (NASDAQ:UFPT) last announced its earnings results on Monday, May 4th. The industrial products company reported $2.48 EPS for the quarter, beating analysts’ consensus estimates of $2.18 by $0.30. The business had revenue of $154.20 million for the quarter, compared to analysts’ expectations of $154.78 million. UFP Technologies had a net margin of 11.27% and a return on equity of 18.47%. The company’s quarterly revenue was up 4.1% on a year-over-year basis. During the same period in the previous year, the company posted $2.47 EPS. As a group, equities analysts forecast that UFP Technologies, Inc. will post 10.23 earnings per share for the current 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.