Franklin Resources Inc. Has $41.48 Million Position in UFP Technologies, Inc. $UFPT

Franklin Resources Inc. boosted its stake in shares of UFP Technologies, Inc. (NASDAQ:UFPT) by 29.1% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 169,877 shares of the industrial products company’s stock after purchasing an additional 38,320 shares during the quarter. Franklin Resources Inc.’s holdings in UFP Technologies were worth $41,477,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Nisa Investment Advisors LLC grew its holdings in shares of UFP Technologies by 290.3% in the 2nd quarter. Nisa Investment Advisors LLC now owns 121 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 90 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in UFP Technologies by 179.0% in the second quarter. PNC Financial Services Group Inc. now owns 173 shares of the industrial products company’s stock valued at $42,000 after buying an additional 111 shares in the last quarter. GAMMA Investing LLC boosted its position in UFP Technologies by 37.6% in the second quarter. GAMMA Investing LLC now owns 183 shares of the industrial products company’s stock valued at $45,000 after buying an additional 50 shares in the last quarter. State of Wyoming grew its stake in UFP Technologies by 34.7% during the first quarter. State of Wyoming now owns 365 shares of the industrial products company’s stock worth $74,000 after buying an additional 94 shares during the last quarter. Finally, Jones Financial Companies Lllp acquired a new stake in shares of UFP Technologies during the first quarter worth approximately $172,000. Institutional investors and hedge funds own 87.28% of the company’s stock.

UFP Technologies Stock Performance

UFPT stock opened at $229.74 on Wednesday. The company has a 50 day moving average price of $206.42 and a 200 day moving average price of $221.82. UFP Technologies, Inc. has a fifty-two week low of $178.26 and a fifty-two week high of $327.68. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.77 and a quick ratio of 1.53. The stock has a market capitalization of $1.77 billion, a PE ratio of 26.62 and a beta of 1.16.

UFP Technologies (NASDAQ:UFPT) last released its earnings results on Thursday, November 9th. The industrial products company reported $1.37 EPS for the quarter. The company 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%.

Insider Transactions at UFP Technologies

In related news, SVP Christopher P. Litterio sold 1,829 shares of UFP Technologies stock in a transaction dated Thursday, November 6th. The stock was sold at an average price of $227.20, for a total value of $415,548.80. Following the completion of the sale, the senior vice president directly owned 10,756 shares in the company, valued at $2,443,763.20. This trade represents a 14.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.40% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Lake Street Capital boosted their target price on UFP Technologies from $252.00 to $289.00 and gave the stock a “buy” rating in a report on Wednesday, August 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of UFP Technologies in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $289.00.

UFP Technologies 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.