Legal & General Group Plc Invests $4.78 Million in UFP Technologies, Inc. $UFPT

Legal & General Group Plc purchased a new position in UFP Technologies, Inc. (NASDAQ:UFPT) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 18,022 shares of the industrial products company’s stock, valued at approximately $4,778,000. Legal & General Group Plc owned approximately 0.23% of UFP Technologies at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Global Retirement Partners LLC acquired a new stake in UFP Technologies in the 4th quarter valued at about $28,000. Silvant Capital Management LLC acquired a new position in shares of UFP Technologies during the 2nd quarter worth approximately $29,000. Smartleaf Asset Management LLC boosted its holdings in shares of UFP Technologies by 1,500.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 176 shares of the industrial products company’s stock worth $41,000 after purchasing an additional 165 shares during the last quarter. Versant Capital Management Inc grew its position in shares of UFP Technologies by 1,291.7% in the second quarter. Versant Capital Management Inc now owns 167 shares of the industrial products company’s stock valued at $44,000 after purchasing an additional 155 shares in the last quarter. Finally, Canada Pension Plan Investment Board purchased a new stake in shares of UFP Technologies in the second quarter valued at approximately $49,000. 87.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at UFP Technologies

In other UFP Technologies news, Director Cynthia Feldmann sold 1,200 shares of the 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 completion of the transaction, the director owned 5,476 shares of the company’s stock, valued at $1,310,352.04. This trade represents a 17.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Symeria Hudson sold 1,926 shares of UFP Technologies stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $324.58, for a total transaction of $625,141.08. Following the sale, the director 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. Over the last ninety days, insiders sold 27,119 shares of company stock worth $8,460,232. 4.59% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

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

UFP Technologies Price Performance

UFPT stock opened at $286.52 on Friday. UFP Technologies, Inc. has a 52-week low of $173.86 and a 52-week high of $338.71. The company has a quick ratio of 1.72, a current ratio of 3.00 and a debt-to-equity ratio of 0.26. The stock has a market cap of $2.22 billion, a price-to-earnings ratio of 30.88 and a beta of 1.08. The business has a fifty day moving average of $279.38 and a two-hundred day moving average of $237.02.

UFP Technologies (NASDAQ:UFPT) last announced its quarterly earnings results on Monday, August 3rd. The industrial products company reported $2.92 EPS for the quarter, beating the consensus estimate of $2.31 by $0.61. The business had revenue of $173.96 million for the quarter, compared to analyst estimates 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 anticipate that UFP Technologies, Inc. will post 10.54 earnings per share for the current year.

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.