UFP Technologies, Inc. (NASDAQ:UFPT) Stock Position Raised by LPL Financial LLC

LPL Financial LLC increased its holdings in UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) by 26.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,151 shares of the industrial products company's stock after buying an additional 1,898 shares during the period. LPL Financial LLC owned about 0.12% of UFP Technologies worth $2,329,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. State Street Corp raised its stake in 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 during the last quarter. Congress Asset Management Co. increased its stake in UFP Technologies by 14.2% during the fourth quarter. Congress Asset Management Co. now owns 281,325 shares of the industrial products company's stock worth $68,787,000 after acquiring an additional 35,022 shares during the last quarter. Geode Capital Management LLC raised its holdings in UFP Technologies by 2.0% in the third quarter. Geode Capital Management LLC now owns 172,996 shares of the industrial products company's stock valued at $54,799,000 after buying an additional 3,333 shares during the period. Boston Trust Walden Corp acquired a new position in shares of UFP Technologies during the 4th quarter valued at $26,395,000. Finally, Mountain Pacific Investment Advisers LLC boosted its position in shares of UFP Technologies by 0.4% in the fourth quarter. Mountain Pacific Investment Advisers LLC now owns 93,316 shares of the industrial products company's stock worth $22,817,000 after buying an additional 340 shares during the period. 87.28% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

Several equities research analysts recently issued reports on UFPT shares. Raymond James initiated coverage on shares of UFP Technologies in a research note on Friday, March 28th. They set a "market perform" rating on the stock. StockNews.com cut shares of UFP Technologies from a "hold" rating to a "sell" rating in a report on Thursday, January 23rd.

Insider Buying and Selling at UFP Technologies

In related news, Director Daniel C. Croteau sold 6,846 shares of the firm's stock in a transaction that occurred on 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. This trade represents a 79.32 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 6.17% of the stock is owned by corporate insiders.

UFP Technologies Stock Performance

Shares of NASDAQ:UFPT traded down $3.97 on Tuesday, hitting $204.46. The company's stock had a trading volume of 89,039 shares, compared to its average volume of 78,645. The company has a market capitalization of $1.57 billion, a price-to-earnings ratio of 29.17 and a beta of 1.08. The stock's 50-day moving average is $223.42 and its two-hundred day moving average is $262.09. UFP Technologies, Inc. has a 12 month low of $178.26 and a 12 month high of $366.41. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.43 and a current ratio of 2.57.

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

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.