Thrivent Financial for Lutherans Purchases 223,121 Shares of UFP Technologies, Inc. $UFPT

Thrivent Financial for Lutherans lifted its position in shares of UFP Technologies, Inc. (NASDAQ:UFPT) by 892.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 248,125 shares of the industrial products company’s stock after buying an additional 223,121 shares during the quarter. Thrivent Financial for Lutherans’ holdings in UFP Technologies were worth $55,091,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in UFPT. Canada Pension Plan Investment Board acquired a new position in shares of UFP Technologies in the second quarter worth approximately $49,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of UFP Technologies in the third quarter worth approximately $51,000. State of Wyoming lifted its stake in shares of UFP Technologies by 22.7% in 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 during the period. GAMMA Investing LLC lifted its stake in shares of UFP Technologies by 171.4% in the fourth quarter. GAMMA Investing LLC now owns 361 shares of the industrial products company’s stock worth $80,000 after acquiring an additional 228 shares during the period. Finally, Jones Financial Companies Lllp acquired a new position in shares of UFP Technologies in the first quarter worth approximately $172,000. 87.28% of the stock is currently owned by institutional investors.

UFP Technologies Price Performance

UFP Technologies stock opened at $213.95 on Friday. The stock’s 50 day moving average is $201.74 and its 200 day moving average is $222.21. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.91 and a quick ratio of 1.69. The firm has a market cap of $1.66 billion, a P/E ratio of 24.28 and a beta of 1.08. UFP Technologies, Inc. has a one year low of $173.86 and a one year high of $274.93.

UFP Technologies (NASDAQ:UFPT) last posted its quarterly earnings data 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. The company had revenue of $154.20 million for the quarter, compared to analyst estimates of $154.78 million. UFP Technologies had a return on equity of 18.47% and a net margin of 11.27%.The firm’s quarterly revenue was up 4.1% on a year-over-year basis. During the same period in the previous year, the firm earned $2.47 earnings per share. As a group, research analysts expect that UFP Technologies, Inc. will post 10.23 EPS for the current year.

Insider Activity

In other news, Director Daniel C. Croteau sold 2,864 shares of the firm’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $221.71, for a total transaction of $634,977.44. Following the completion of the sale, the director owned 855 shares of the company’s stock, valued at $189,562.05. This trade represents a 77.01% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 4.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised UFP Technologies from a “sell” rating to a “hold” rating in a research note on Saturday, March 28th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, 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.