Fox Run Management L.L.C. Cuts Holdings in UFP Technologies, Inc. $UFPT

Fox Run Management L.L.C. lowered its holdings in UFP Technologies, Inc. (NASDAQ:UFPT) by 78.1% in the 3rd quarter, Holdings Channel reports. The firm owned 1,056 shares of the industrial products company’s stock after selling 3,764 shares during the period. Fox Run Management L.L.C.’s holdings in UFP Technologies were worth $211,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Brown Capital Management LLC grew its holdings in shares of UFP Technologies by 11.4% in the second quarter. Brown Capital Management LLC now owns 170,811 shares of the industrial products company’s stock worth $41,705,000 after acquiring an additional 17,493 shares during the period. Allspring Global Investments Holdings LLC boosted its position in UFP Technologies by 469.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 103,663 shares of the industrial products company’s stock worth $20,687,000 after purchasing an additional 85,457 shares during the last quarter. Ashford Capital Management Inc. bought a new stake in shares of UFP Technologies during the 2nd quarter valued at about $17,284,000. Public Sector Pension Investment Board increased its position in shares of UFP Technologies by 20.7% during the 3rd quarter. Public Sector Pension Investment Board now owns 30,119 shares of the industrial products company’s stock valued at $6,012,000 after purchasing an additional 5,174 shares during the last quarter. Finally, Applied Fundamental Research LLC lifted its stake in shares of UFP Technologies by 23.6% in the 3rd quarter. Applied Fundamental Research LLC now owns 48,753 shares of the industrial products company’s stock worth $9,731,000 after purchasing an additional 9,314 shares during the period. 87.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

UFPT has been the subject of several recent research reports. Wall Street Zen lowered shares of UFP Technologies from a “hold” rating to a “sell” rating in a research report on Friday, November 28th. Zacks Research raised shares of UFP Technologies from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 14th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $289.00.

UFP Technologies Trading Down 0.7%

UFP Technologies stock opened at $202.91 on Wednesday. The company has a current ratio of 2.68, a quick ratio of 1.52 and a debt-to-equity ratio of 0.29. UFP Technologies, Inc. has a 12-month low of $178.26 and a 12-month high of $274.93. The firm has a market capitalization of $1.56 billion, a price-to-earnings ratio of 23.11 and a beta of 1.13. The firm has a 50 day moving average of $245.37 and a 200 day moving average of $222.83.

UFP Technologies (NASDAQ:UFPT) last posted its quarterly earnings results on Tuesday, February 24th. The industrial products company reported $2.44 earnings per share for the quarter, topping analysts’ consensus estimates of $2.26 by $0.18. The business had revenue of $148.92 million during the quarter, compared to analyst estimates of $149.07 million. UFP Technologies had a net margin of 11.33% and a return on equity of 19.36%. The company’s revenue was up 3.4% on a year-over-year basis. During the same period in the prior year, the business posted $2.10 earnings per share.

UFP Technologies 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.