Vanguard Group Inc. Purchases 5,957 Shares of UFP Technologies, Inc. $UFPT

Vanguard Group Inc. lifted its position in UFP Technologies, Inc. (NASDAQ:UFPT) by 1.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 533,578 shares of the industrial products company’s stock after purchasing an additional 5,957 shares during the period. Vanguard Group Inc. owned about 0.07% of UFP Technologies worth $118,470,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Allspring Global Investments Holdings LLC lifted its stake in shares of UFP Technologies by 60.3% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 166,135 shares of the industrial products company’s stock valued at $37,115,000 after buying an additional 62,472 shares in the last quarter. Public Sector Pension Investment Board increased its stake in UFP Technologies by 20.7% in the 3rd quarter. Public Sector Pension Investment Board now owns 30,119 shares of the industrial products company’s stock worth $6,012,000 after buying an additional 5,174 shares in the last quarter. Applied Fundamental Research LLC increased its stake in 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 buying an additional 9,314 shares in the last quarter. Congress Asset Management Co. raised its holdings in UFP Technologies by 32.4% during the fourth quarter. Congress Asset Management Co. now owns 441,122 shares of the industrial products company’s stock valued at $97,942,000 after acquiring an additional 107,908 shares during the period. Finally, First National Bank of Omaha purchased a new position in shares of UFP Technologies in the third quarter valued at about $2,082,000. 87.28% of the stock is currently owned by institutional investors.

UFP Technologies Stock Performance

NASDAQ:UFPT opened at $220.59 on Wednesday. UFP Technologies, Inc. has a fifty-two week low of $173.86 and a fifty-two week high of $274.93. The stock’s fifty day moving average is $200.88 and its 200 day moving average is $221.99. The firm has a market capitalization of $1.71 billion, a PE ratio of 25.04 and a beta of 1.08. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.69 and a current ratio of 2.91.

UFP Technologies (NASDAQ:UFPT) last issued its earnings results on Monday, May 4th. The industrial products company reported $2.48 EPS for the quarter, topping analysts’ consensus estimates of $2.18 by $0.30. UFP Technologies had a net margin of 11.27% and a return on equity of 18.47%. The business had revenue of $154.20 million for the quarter, compared to analyst estimates of $154.78 million. During the same period last year, the company posted $2.47 earnings per share. The company’s quarterly revenue was up 4.1% compared to the same quarter last year. On average, sell-side analysts anticipate that UFP Technologies, Inc. will post 10.23 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Wall Street Zen upgraded UFP Technologies from a “sell” rating to a “hold” rating in a research report on Saturday, March 28th. Zacks Research raised shares of 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 two have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $289.00.

About UFP Technologies

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.