Motley Fool Asset Management LLC Lowers Stock Holdings in UFP Technologies, Inc. $UFPT

Motley Fool Asset Management LLC trimmed its position in UFP Technologies, Inc. (NASDAQ:UFPT) by 6.0% during the second quarter, HoldingsChannel reports. The institutional investor owned 11,755 shares of the industrial products company’s stock after selling 751 shares during the period. Motley Fool Asset Management LLC’s holdings in UFP Technologies were worth $2,870,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Congress Asset Management Co. boosted its holdings in UFP Technologies by 5.8% in the 2nd quarter. Congress Asset Management Co. now owns 327,433 shares of the industrial products company’s stock valued at $79,946,000 after purchasing an additional 18,038 shares during the period. American Century Companies Inc. boosted its holdings in UFP Technologies by 1,858.2% in the 1st quarter. American Century Companies Inc. now owns 287,588 shares of the industrial products company’s stock valued at $58,010,000 after purchasing an additional 272,902 shares during the period. Boston Trust Walden Corp boosted its holdings in UFP Technologies by 19.3% in the 2nd quarter. Boston Trust Walden Corp now owns 255,377 shares of the industrial products company’s stock valued at $62,353,000 after purchasing an additional 41,230 shares during the period. Invesco Ltd. boosted its holdings in UFP Technologies by 1.9% in the 1st quarter. Invesco Ltd. now owns 178,174 shares of the industrial products company’s stock valued at $35,939,000 after purchasing an additional 3,313 shares during the period. Finally, Swedbank AB boosted its holdings in UFP Technologies by 18.5% in the 2nd quarter. Swedbank AB now owns 160,000 shares of the industrial products company’s stock valued at $39,066,000 after purchasing an additional 25,000 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 analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of UFP Technologies in a report on Wednesday, October 8th. Lake Street Capital increased their price target on shares of UFP Technologies from $252.00 to $289.00 and gave the stock a “buy” rating in a report on Wednesday, August 6th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $289.00.

UFP Technologies Stock Down 1.1%

Shares of UFPT opened at $197.89 on Wednesday. The firm has a market cap of $1.53 billion, a P/E ratio of 22.93 and a beta of 1.19. The stock has a 50 day simple moving average of $202.38 and a two-hundred day simple moving average of $220.56. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.77 and a quick ratio of 1.53. UFP Technologies, Inc. has a 1 year low of $178.26 and a 1 year high of $354.22.

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

UFP Technologies Company 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.