2,131 Shares in UFP Technologies, Inc. $UFPT Purchased by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. acquired a new position in shares of UFP Technologies, Inc. (NASDAQ:UFPT) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 2,131 shares of the industrial products company’s stock, valued at approximately $565,000.

Other large investors also recently added to or reduced their stakes in the company. Rice Hall James & Associates LLC boosted its stake in UFP Technologies by 110.0% in the first quarter. Rice Hall James & Associates LLC now owns 21,211 shares of the industrial products company’s stock valued at $4,106,000 after acquiring an additional 11,111 shares during the last quarter. UBS Group AG raised its position in shares of UFP Technologies by 22.4% during the 4th quarter. UBS Group AG now owns 189,403 shares of the industrial products company’s stock valued at $42,053,000 after acquiring an additional 34,715 shares during the last quarter. De Lisle Partners LLP bought a new stake in shares of UFP Technologies during the 2nd quarter valued at $19,677,000. Diamond Hill Capital Management LLC Investment Advisor acquired a new position in shares of UFP Technologies in the 2nd quarter valued at $14,629,000. Finally, Maridea Wealth Management LLC acquired a new position in shares of UFP Technologies in the 1st quarter valued at $1,465,000. 87.28% of the stock is currently owned by institutional investors and hedge funds.

UFP Technologies Price Performance

Shares of UFPT opened at $304.57 on Thursday. The stock has a 50 day simple moving average of $272.80 and a 200 day simple moving average of $235.51. UFP Technologies, Inc. has a 52-week low of $173.86 and a 52-week high of $338.71. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.72 and a current ratio of 3.00. The firm has a market capitalization of $2.36 billion, a PE ratio of 32.82 and a beta of 1.08.

UFP Technologies (NASDAQ:UFPT) last announced its earnings results on Monday, August 3rd. The industrial products company reported $2.92 EPS for the quarter, topping the consensus estimate of $2.31 by $0.61. UFP Technologies had a net margin of 11.45% and a return on equity of 18.42%. The firm had revenue of $173.96 million for the quarter, compared to the consensus estimate of $159.38 million. Sell-side analysts predict that UFP Technologies, Inc. will post 10.54 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Wall Street Zen upgraded UFP Technologies from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Weiss Ratings upgraded UFP Technologies from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, August 5th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold”.

Insider Transactions at UFP Technologies

In related news, Chairman R Jeffrey Bailly sold 5,013 shares of the firm’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $317.87, for a total transaction of $1,593,482.31. Following the sale, the chairman directly owned 13,011 shares in the company, valued at $4,135,806.57. This trade represents a 27.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Cynthia L. Feldmann sold 1,000 shares of the business’s stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $324.26, for a total transaction of $324,260.00. Following the completion of the sale, the director directly owned 4,476 shares in the company, valued at $1,451,387.76. This represents a 18.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 20,119 shares of company stock valued at $6,328,732 over the last quarter. Corporate insiders own 4.59% of the company’s stock.

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.