Neumeier Poma Investment Counsel LLC Takes $22.42 Billion Position in UFP Technologies, Inc. $UFPT

Neumeier Poma Investment Counsel LLC acquired a new stake in shares of UFP Technologies, Inc. (NASDAQ:UFPT) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 84,575 shares of the industrial products company’s stock, valued at approximately $22,423,370,000. Neumeier Poma Investment Counsel LLC owned about 1.09% of UFP Technologies as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in UFP Technologies by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,327 shares of the industrial products company’s stock valued at $873,000 after acquiring an additional 190 shares during the period. Millennium Management LLC lifted its holdings in shares of UFP Technologies by 123.1% in the 1st quarter. Millennium Management LLC now owns 93,773 shares of the industrial products company’s stock worth $18,915,000 after purchasing an additional 51,741 shares during the last quarter. Jones Financial Companies Lllp bought a new stake in shares of UFP Technologies in the 1st quarter worth approximately $172,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in UFP Technologies by 11.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 12,856 shares of the industrial products company’s stock valued at $2,593,000 after purchasing an additional 1,327 shares during the period. Finally, Jane Street Group LLC boosted its position in UFP Technologies by 383.0% during the 1st quarter. Jane Street Group LLC now owns 23,605 shares of the industrial products company’s stock valued at $4,761,000 after purchasing an additional 18,718 shares during the period. Institutional investors and hedge funds own 87.28% of the company’s stock.

Insider Activity at UFP Technologies

In other UFP Technologies news, Director Cynthia L. Feldmann sold 1,200 shares of the business’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $239.29, for a total transaction of $287,148.00. Following the sale, the director directly owned 5,476 shares in the company, valued at approximately $1,310,352.04. The trade was a 17.97% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Symeria Hudson sold 1,926 shares of the company’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $324.58, for a total transaction of $625,141.08. Following the completion of the sale, the director directly owned 1,225 shares of the company’s stock, valued at approximately $397,610.50. This represents a 61.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 20,119 shares of company stock worth $6,328,732 in the last 90 days. Corporate insiders own 4.59% of the company’s stock.

UFP Technologies Price Performance

Shares of UFP Technologies stock opened at $309.13 on Monday. The company has a debt-to-equity ratio of 0.26, a current ratio of 3.00 and a quick ratio of 1.72. UFP Technologies, Inc. has a 1-year low of $173.86 and a 1-year high of $338.71. The business’s fifty day moving average price is $268.38 and its two-hundred day moving average price is $234.45. The company has a market capitalization of $2.40 billion, a P/E ratio of 33.31 and a beta of 1.08.

UFP Technologies (NASDAQ:UFPT) last released its quarterly earnings results on Monday, August 3rd. The industrial products company reported $2.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.31 by $0.61. The company had revenue of $173.96 million during the quarter, compared to analysts’ expectations of $159.38 million. UFP Technologies had a return on equity of 18.42% and a net margin of 11.45%. As a group, research analysts forecast that UFP Technologies, Inc. will post 10.54 EPS for the current year.

Wall Street Analysts Forecast Growth

UFPT has been the topic of several analyst reports. Wall Street Zen raised UFP Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Weiss Ratings raised shares of UFP Technologies from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, August 5th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, UFP Technologies presently has an average rating of “Hold”.

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.