Vanguard Group Inc. grew its stake in UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) by 3.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 557,479 shares of the industrial products company's stock after acquiring an additional 17,356 shares during the period. Vanguard Group Inc. owned 7.27% of UFP Technologies worth $136,309,000 at the end of the most recent reporting period.
Other hedge funds have also added to or reduced their stakes in the company. AlphaQuest LLC bought a new position in UFP Technologies in the fourth quarter worth approximately $25,000. Venturi Wealth Management LLC purchased a new stake in shares of UFP Technologies in the 4th quarter worth $74,000. EverSource Wealth Advisors LLC grew its position in shares of UFP Technologies by 24.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 333 shares of the industrial products company's stock worth $81,000 after buying an additional 66 shares in the last quarter. KBC Group NV increased its stake in shares of UFP Technologies by 37.9% during the fourth quarter. KBC Group NV now owns 375 shares of the industrial products company's stock valued at $92,000 after buying an additional 103 shares during the period. Finally, Point72 DIFC Ltd bought a new stake in shares of UFP Technologies in the third quarter valued at about $133,000. 87.28% of the stock is currently owned by institutional investors.
Insider Activity at UFP Technologies
In related news, Director Daniel C. Croteau sold 6,846 shares of the business's stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $228.41, for a total transaction of $1,563,694.86. Following the transaction, the director now directly owns 1,785 shares in the company, valued at $407,711.85. The trade was a 79.32 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 6.17% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
Several research analysts have issued reports on UFPT shares. Raymond James began coverage on shares of UFP Technologies in a research report on Friday, March 28th. They set a "market perform" rating on the stock. StockNews.com lowered shares of UFP Technologies from a "hold" rating to a "sell" rating in a report on Thursday, January 23rd.
View Our Latest Stock Analysis on UFPT
UFP Technologies Stock Up 1.9 %
Shares of NASDAQ UFPT traded up $3.84 during mid-day trading on Friday, reaching $209.42. 79,261 shares of the company were exchanged, compared to its average volume of 78,443. UFP Technologies, Inc. has a 1 year low of $178.26 and a 1 year high of $366.41. The firm has a 50-day moving average of $224.95 and a 200 day moving average of $263.31. The stock has a market cap of $1.61 billion, a price-to-earnings ratio of 29.87 and a beta of 1.08. The company has a quick ratio of 1.43, a current ratio of 2.57 and a debt-to-equity ratio of 0.64.
UFP Technologies (NASDAQ:UFPT - Get Free Report) last announced its earnings results 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. UFP Technologies had a net margin of 11.74% and a return on equity of 18.92%. The business had revenue of $144.07 million during the quarter, compared to the consensus estimate of $141.67 million.
UFP Technologies Profile
(
Free Report)
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.
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