Boston Trust Walden Corp Boosts Stock Holdings in UFP Technologies, Inc. $UFPT

Boston Trust Walden Corp boosted its position in UFP Technologies, Inc. (NASDAQ:UFPT) by 19.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 255,377 shares of the industrial products company’s stock after purchasing an additional 41,230 shares during the period. Boston Trust Walden Corp’s holdings in UFP Technologies were worth $62,353,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Allspring Global Investments Holdings LLC purchased a new position in UFP Technologies in the first quarter valued at approximately $2,971,000. Farther Finance Advisors LLC increased its holdings in shares of UFP Technologies by 422.5% in the first quarter. Farther Finance Advisors LLC now owns 1,186 shares of the industrial products company’s stock worth $242,000 after purchasing an additional 959 shares during the period. Fiera Capital Corp increased its holdings in shares of UFP Technologies by 12.5% in the first quarter. Fiera Capital Corp now owns 46,105 shares of the industrial products company’s stock worth $9,300,000 after purchasing an additional 5,105 shares during the period. Principal Financial Group Inc. grew its position in UFP Technologies by 3.0% in the first quarter. Principal Financial Group Inc. now owns 40,274 shares of the industrial products company’s stock worth $8,124,000 after acquiring an additional 1,166 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. grew its position in UFP Technologies by 25.8% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 1,033 shares of the industrial products company’s stock worth $208,000 after acquiring an additional 212 shares in the last quarter. Hedge funds and other institutional investors own 87.28% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Lake Street Capital upped their price target on shares of UFP Technologies from $252.00 to $289.00 and gave the company a “buy” rating in a research report on Wednesday, August 6th. Weiss Ratings reissued a “hold (c)” rating on shares of UFP Technologies in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $289.00.

UFP Technologies Price Performance

UFPT stock opened at $195.46 on Tuesday. The firm has a 50 day moving average price of $206.75 and a 200-day moving average price of $220.71. UFP Technologies, Inc. has a 52-week low of $178.26 and a 52-week high of $354.22. The firm has a market capitalization of $1.51 billion, a price-to-earnings ratio of 22.65 and a beta of 1.19. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.53 and a current ratio of 2.77.

UFP Technologies (NASDAQ:UFPT) last released its earnings results on Thursday, November 9th. The industrial products company reported $1.37 EPS for the quarter. UFP Technologies had a return on equity of 21.54% and a net margin of 11.40%.The firm had revenue of $96.97 million for the quarter.

UFP Technologies Profile

UFP Technologies, Inc designs and manufactures solutions for medical devices, sterile packaging, and other highly engineered custom products. The company offers protective drapes for robotic surgery, single patient use surfaces, advanced wound care, infection prevention, disposables for surgical and endoscopic procedures, packaging for medical devices, orthopedic implants, biopharma drug manufacturing, and coils for catheters; and molded components for applications in acoustic insulation, interior trim, load floors, sunshades, SUV cargo cover handles, driveshaft damping, engine and manifold covers, quarter panels, and wheel liners.