SG Americas Securities LLC Makes New Investment in UFP Technologies, Inc. $UFPT

SG Americas Securities LLC purchased a new position in shares of UFP Technologies, Inc. (NASDAQ:UFPT) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 3,022 shares of the industrial products company’s stock, valued at approximately $603,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Wasatch Advisors LP boosted its stake in UFP Technologies by 1.4% in the 2nd 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. Congress Asset Management Co. raised its holdings in shares of UFP Technologies by 1.8% in the third quarter. Congress Asset Management Co. now owns 333,214 shares of the industrial products company’s stock worth $66,510,000 after buying an additional 5,781 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of UFP Technologies by 13.0% in the second quarter. American Century Companies Inc. now owns 325,047 shares of the industrial products company’s stock worth $79,364,000 after buying an additional 37,459 shares during the last quarter. Boston Trust Walden Corp lifted its stake in shares of UFP Technologies by 19.3% during the second quarter. Boston Trust Walden Corp now owns 255,377 shares of the industrial products company’s stock worth $62,353,000 after buying an additional 41,230 shares during the period. Finally, Geode Capital Management LLC grew its holdings in shares of UFP Technologies by 3.3% during the second quarter. Geode Capital Management LLC now owns 186,090 shares of the industrial products company’s stock valued at $45,441,000 after buying an additional 5,917 shares during the last quarter. 87.28% of the stock is owned by hedge funds and other institutional investors.

UFP Technologies Trading Up 0.6%

NASDAQ UFPT opened at $266.65 on Friday. UFP Technologies, Inc. has a 1 year low of $178.26 and a 1 year high of $289.57. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.41 and a quick ratio of 1.36. The company has a market capitalization of $2.06 billion, a PE ratio of 30.90 and a beta of 1.11. The company has a fifty day moving average of $232.62 and a 200 day moving average of $220.45.

UFP Technologies (NASDAQ:UFPT) last released its quarterly earnings data on Monday, November 3rd. The industrial products company reported $2.39 earnings per share for the quarter, beating 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 business had revenue of $154.56 million during the quarter, compared to analyst estimates of $149.56 million. The company’s revenue was up 6.5% compared to the same quarter last year.

Insider Transactions at UFP Technologies

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 value of $415,548.80. Following the completion of the transaction, the senior vice president directly owned 10,756 shares of the company’s stock, valued at approximately $2,443,763.20. The trade was a 14.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 4.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on UFPT shares. Zacks Research upgraded UFP Technologies from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 14th. Wall Street Zen lowered UFP Technologies from a “hold” rating to a “sell” rating in a report on Friday, November 28th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of UFP Technologies in a research note on Wednesday, October 8th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $289.00.

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.