Millington Financial Advisors LLC Lowers Stock Holdings in UFP Technologies, Inc. $UFPT

Millington Financial Advisors LLC lowered its position in UFP Technologies, Inc. (NASDAQ:UFPT) by 82.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 2,035 shares of the industrial products company’s stock after selling 9,416 shares during the period. Millington Financial Advisors LLC’s holdings in UFP Technologies were worth $398,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Applied Fundamental Research LLC boosted its stake in shares of UFP Technologies by 23.6% in the third quarter. Applied Fundamental Research LLC now owns 48,753 shares of the industrial products company’s stock worth $9,731,000 after acquiring 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 valued at $868,000 after buying an additional 70 shares in the last quarter. Amalgamated Bank raised its position in shares of UFP Technologies by 4.4% during 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 third quarter. Massachusetts Financial Services Co. MA now owns 169,982 shares of the industrial products company’s stock valued at $33,928,000 after buying an additional 8,231 shares during the last quarter. Finally, First National Advisers LLC grew its stake in UFP Technologies by 2.7% during the third quarter. First National Advisers LLC now owns 10,377 shares of the industrial products company’s stock valued at $2,072,000 after acquiring an additional 274 shares in the last quarter. 87.28% of the stock is owned by institutional investors.

UFP Technologies Stock Performance

NASDAQ UFPT opened at $265.17 on Thursday. The business’s 50 day moving average price is $231.97 and its 200-day moving average price is $220.13. UFP Technologies, Inc. has a fifty-two week low of $178.26 and a fifty-two week high of $289.57. The company has a market cap of $2.04 billion, a P/E ratio of 30.73 and a beta of 1.11. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.36 and a current ratio of 2.41.

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

Analyst Upgrades and Downgrades

UFPT has been the topic of several research analyst reports. Wall Street Zen cut shares of UFP Technologies from a “hold” rating to a “sell” rating in a research note on Friday, November 28th. Zacks Research upgraded UFP Technologies from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 14th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of UFP Technologies in a report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $289.00.

Insider Activity

In other UFP Technologies news, SVP Christopher P. Litterio sold 1,829 shares of the business’s stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $227.20, for a total transaction of $415,548.80. Following the completion of the transaction, the senior vice president owned 10,756 shares in the company, valued at $2,443,763.20. The trade was a 14.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 4.40% of the stock is owned by company insiders.

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.