Teacher Retirement System of Texas Grows Stock Holdings in UFP Technologies, Inc. (NASDAQ:UFPT)

Teacher Retirement System of Texas lifted its holdings in UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) by 59.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,675 shares of the industrial products company's stock after buying an additional 2,112 shares during the quarter. Teacher Retirement System of Texas owned 0.07% of UFP Technologies worth $1,388,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of UFPT. Wasatch Advisors LP lifted its holdings in UFP Technologies by 65.4% in the third quarter. Wasatch Advisors LP now owns 420,549 shares of the industrial products company's stock valued at $133,188,000 after acquiring an additional 166,262 shares during the period. State Street Corp increased its holdings in shares of UFP Technologies by 1.4% in the 3rd quarter. State Street Corp now owns 283,460 shares of the industrial products company's stock valued at $89,772,000 after purchasing an additional 4,007 shares in the last quarter. Congress Asset Management Co. lifted its stake in shares of UFP Technologies by 14.2% in the fourth quarter. Congress Asset Management Co. now owns 281,325 shares of the industrial products company's stock valued at $68,787,000 after purchasing an additional 35,022 shares during the period. Geode Capital Management LLC boosted its holdings in UFP Technologies by 2.0% during the third quarter. Geode Capital Management LLC now owns 172,996 shares of the industrial products company's stock worth $54,799,000 after buying an additional 3,333 shares in the last quarter. Finally, Boston Trust Walden Corp acquired a new position in UFP Technologies during the fourth quarter worth about $26,395,000. Institutional investors and hedge funds own 87.28% of the company's stock.

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Analysts Set New Price Targets

A number of research firms have recently issued reports on UFPT. Raymond James initiated coverage on shares of UFP Technologies in a research report on Friday, March 28th. They set a "market perform" rating for the company. StockNews.com downgraded UFP Technologies from a "hold" rating to a "sell" rating in a research note on Thursday, January 23rd.

Insider Buying and Selling at UFP Technologies

In related news, Director Daniel C. Croteau sold 6,846 shares of the business's stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $228.41, for a total value of $1,563,694.86. Following the completion of the transaction, the director now owns 1,785 shares of the company's stock, valued at approximately $407,711.85. The trade was a 79.32 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 6.17% of the stock is owned by insiders.

UFP Technologies Price Performance

NASDAQ UFPT traded up $6.86 during trading hours on Wednesday, reaching $210.79. The company's stock had a trading volume of 91,541 shares, compared to its average volume of 75,664. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.43 and a current ratio of 2.57. The company's 50-day moving average is $238.05 and its two-hundred day moving average is $271.53. UFP Technologies, Inc. has a fifty-two week low of $193.00 and a fifty-two week high of $366.41. The stock has a market cap of $1.62 billion, a PE ratio of 30.07 and a beta of 1.15.

UFP Technologies (NASDAQ:UFPT - Get Free Report) last announced its quarterly earnings results on Tuesday, February 25th. The industrial products company reported $2.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.01 by $0.45. UFP Technologies had a net margin of 11.74% and a return on equity of 18.92%. The company had revenue of $144.07 million for the quarter, compared to the consensus estimate of $141.67 million.

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.