Sanctuary Advisors LLC Purchases Shares of 2,215 UFP Technologies, Inc. $UFPT

Sanctuary Advisors LLC purchased a new stake in UFP Technologies, Inc. (NASDAQ:UFPT) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,215 shares of the industrial products company’s stock, valued at approximately $492,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in UFP Technologies by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 533,578 shares of the industrial products company’s stock valued at $118,470,000 after buying an additional 5,957 shares in the last quarter. B. Metzler seel. Sohn & Co. AG raised its stake in UFP Technologies by 72.5% in the fourth quarter. B. Metzler seel. Sohn & Co. AG now owns 7,750 shares of the industrial products company’s stock valued at $1,721,000 after buying an additional 3,256 shares in the last quarter. Applied Fundamental Research LLC raised its stake in UFP Technologies by 8.3% in the fourth quarter. Applied Fundamental Research LLC now owns 52,788 shares of the industrial products company’s stock valued at $11,721,000 after buying an additional 4,035 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in UFP Technologies in the fourth quarter valued at $470,000. Finally, Annex Advisory Services LLC raised its stake in UFP Technologies by 3.5% in the fourth quarter. Annex Advisory Services LLC now owns 126,884 shares of the industrial products company’s stock valued at $28,172,000 after buying an additional 4,271 shares in the last quarter. 87.28% of the stock is currently owned by institutional investors and hedge funds.

UFP Technologies Stock Up 4.2%

UFPT opened at $230.55 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.52 and a current ratio of 2.91. UFP Technologies, Inc. has a one year low of $173.86 and a one year high of $274.93. The business’s 50-day simple moving average is $200.74 and its 200-day simple moving average is $221.51. The stock has a market capitalization of $1.78 billion, a P/E ratio of 26.17 and a beta of 1.08.

UFP Technologies (NASDAQ:UFPT) last released its quarterly earnings results on Monday, May 4th. The industrial products company reported $2.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.18 by $0.30. UFP Technologies had a return on equity of 18.47% and a net margin of 11.27%.The firm had revenue of $154.20 million for the quarter, compared to analyst estimates of $154.78 million. During the same quarter last year, the company posted $2.47 earnings per share. The business’s revenue was up 4.1% on a year-over-year basis. Analysts anticipate that UFP Technologies, Inc. will post 10.23 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have weighed in on UFPT shares. Wall Street Zen upgraded UFP Technologies from a “sell” rating to a “hold” rating in a research note on Saturday, March 28th. Zacks Research upgraded UFP Technologies from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 14th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock 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.