Zions Bancorporation N.A. raised its holdings in shares of UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) by 37.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,471 shares of the industrial products company's stock after acquiring an additional 1,217 shares during the quarter. Zions Bancorporation N.A. owned approximately 0.06% of UFP Technologies worth $1,093,000 as of its most recent filing with the SEC.
A number of other hedge funds have also made changes to their positions in UFPT. Wasatch Advisors LP raised its holdings in UFP Technologies by 65.4% during the third quarter. Wasatch Advisors LP now owns 420,549 shares of the industrial products company's stock worth $133,188,000 after purchasing an additional 166,262 shares in the last quarter. Boston Trust Walden Corp purchased a new position in UFP Technologies during the 4th quarter worth approximately $26,395,000. Raymond James Financial Inc. purchased a new position in UFP Technologies during the 4th quarter worth approximately $16,808,000. Congress Asset Management Co. lifted its stake in 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 buying an additional 35,022 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its holdings in shares of UFP Technologies by 340.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 39,304 shares of the industrial products company's stock valued at $9,610,000 after acquiring an additional 30,372 shares during the period. Hedge funds and other institutional investors own 87.28% of the company's stock.
UFP Technologies Price Performance
UFPT traded down $3.91 during trading on Friday, reaching $199.32. 91,985 shares of the stock were exchanged, compared to its average volume of 75,454. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.57 and a quick ratio of 1.43. The company has a market capitalization of $1.53 billion, a price-to-earnings ratio of 28.43 and a beta of 1.15. UFP Technologies, Inc. has a 1 year low of $198.10 and a 1 year high of $366.41. The business's 50 day moving average price is $241.95 and its two-hundred day moving average price is $273.64.
UFP Technologies (NASDAQ:UFPT - Get Free Report) last released its quarterly earnings data on Tuesday, February 25th. The industrial products company reported $2.46 EPS for the quarter, topping the consensus estimate of $2.01 by $0.45. The business had revenue of $144.07 million for the quarter, compared to analyst estimates of $141.67 million. UFP Technologies had a net margin of 11.74% and a return on equity of 18.92%.
Analyst Upgrades and Downgrades
A number of research analysts have recently issued reports on UFPT shares. StockNews.com lowered shares of UFP Technologies from a "hold" rating to a "sell" rating in a research note on Thursday, January 23rd. Raymond James initiated coverage on UFP Technologies in a research note on Friday. They set a "market perform" rating for the company.
Read Our Latest Stock Report on UFP Technologies
Insider Transactions at UFP Technologies
In related news, Director Daniel C. Croteau sold 6,846 shares of the company's stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $228.41, for a total value of $1,563,694.86. Following the sale, the director now owns 1,785 shares of the company's stock, valued at approximately $407,711.85. This represents a 79.32 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 6.17% of the company's stock.
About UFP Technologies
(
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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