UFP Technologies, Inc. (NASDAQ:UFPT) Shares Purchased by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA raised its stake in UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) by 2.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 105,118 shares of the industrial products company's stock after acquiring an additional 2,699 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 1.37% of UFP Technologies worth $27,737,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its stake in UFP Technologies by 3.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 59,004 shares of the industrial products company's stock valued at $10,151,000 after purchasing an additional 1,934 shares during the last quarter. Principal Securities Inc. acquired a new position in UFP Technologies in the fourth quarter valued at $28,000. Congress Wealth Management LLC DE increased its stake in UFP Technologies by 2.4% in the fourth quarter. Congress Wealth Management LLC DE now owns 10,777 shares of the industrial products company's stock valued at $1,854,000 after purchasing an additional 248 shares during the last quarter. Alberta Investment Management Corp acquired a new position in UFP Technologies in the fourth quarter valued at $1,245,000. Finally, Campbell & CO Investment Adviser LLC increased its stake in UFP Technologies by 35.4% during the fourth quarter. Campbell & CO Investment Adviser LLC now owns 8,806 shares of the industrial products company's stock worth $1,515,000 after acquiring an additional 2,302 shares during the last quarter. 87.28% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Lake Street Capital lifted their price objective on UFP Technologies from $344.00 to $392.00 and gave the company a "buy" rating in a research note on Wednesday, July 17th.

UFP Technologies Trading Up 1.0 %

Shares of UFPT stock traded up $3.56 during mid-day trading on Friday, reaching $358.42. The company's stock had a trading volume of 111,082 shares, compared to its average volume of 59,220. The company has a quick ratio of 1.63, a current ratio of 3.13 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $2.75 billion, a PE ratio of 57.62 and a beta of 0.94. The company's 50 day simple moving average is $322.17 and its 200-day simple moving average is $273.20. UFP Technologies, Inc. has a 12-month low of $127.29 and a 12-month high of $360.54.

UFP Technologies (NASDAQ:UFPT - Get Free Report) last released its quarterly earnings data on Wednesday, July 31st. The industrial products company reported $1.86 EPS for the quarter. UFP Technologies had a return on equity of 17.53% and a net margin of 11.87%. The company had revenue of $110.18 million for the quarter.

Insider Activity at UFP Technologies

In other UFP Technologies news, CFO Ronald J. Lataille sold 1,598 shares of the stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $319.37, for a total value of $510,353.26. Following the completion of the sale, the chief financial officer now owns 57,596 shares of the company's stock, valued at $18,394,434.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CFO Ronald J. Lataille sold 11,466 shares of the stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $301.65, for a total transaction of $3,458,718.90. Following the completion of the transaction, the chief financial officer now directly owns 46,130 shares in the company, valued at approximately $13,915,114.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Ronald J. Lataille sold 1,598 shares of the firm's stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $319.37, for a total transaction of $510,353.26. Following the sale, the chief financial officer now directly owns 57,596 shares of the company's stock, valued at approximately $18,394,434.52. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 68,134 shares of company stock worth $21,494,247. 6.17% of the stock is currently owned by company insiders.

About UFP Technologies

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.