10,431 Shares in UFP Technologies, Inc. $UFPT Purchased by First National Bank of Omaha

First National Bank of Omaha acquired a new stake in UFP Technologies, Inc. (NASDAQ:UFPT) during the third quarter, Holdings Channel reports. The firm acquired 10,431 shares of the industrial products company’s stock, valued at approximately $2,082,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in UFPT. Nisa Investment Advisors LLC raised its position in shares of UFP Technologies by 290.3% in the second quarter. Nisa Investment Advisors LLC now owns 121 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 90 shares during the period. PNC Financial Services Group Inc. grew its stake in UFP Technologies by 179.0% in the 2nd quarter. PNC Financial Services Group Inc. now owns 173 shares of the industrial products company’s stock valued at $42,000 after buying an additional 111 shares in the last quarter. Canada Pension Plan Investment Board purchased a new position in UFP Technologies in the 2nd quarter valued at approximately $49,000. State of Wyoming lifted its position in shares of UFP Technologies by 22.7% during the third quarter. State of Wyoming now owns 341 shares of the industrial products company’s stock worth $68,000 after acquiring an additional 63 shares in the last quarter. Finally, Pacer Advisors Inc. purchased a new stake in shares of UFP Technologies during the third quarter worth $108,000. Institutional investors own 87.28% of the company’s stock.

UFP Technologies Price Performance

UFP Technologies stock opened at $245.83 on Thursday. The stock has a market cap of $1.90 billion, a price-to-earnings ratio of 28.49 and a beta of 1.11. The company has a quick ratio of 1.36, a current ratio of 2.41 and a debt-to-equity ratio of 0.37. The business has a 50-day simple moving average of $245.34 and a 200 day simple moving average of $222.56. UFP Technologies, Inc. has a 52 week low of $178.26 and a 52 week high of $275.81.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on UFPT shares. Wall Street Zen cut UFP Technologies from a “hold” rating to a “sell” rating in a research report on Friday, November 28th. Zacks Research raised UFP Technologies from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 14th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price 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.