UFP Technologies, Inc. (NASDAQ:UFPT) Stock Holdings Increased by New York State Teachers Retirement System

New York State Teachers Retirement System increased its position in UFP Technologies, Inc. (NASDAQ:UFPT) by 9.1% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 2,400 shares of the industrial products company’s stock after acquiring an additional 200 shares during the period. New York State Teachers Retirement System’s holdings in UFP Technologies were worth $413,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Macquarie Group Ltd. acquired a new position in UFP Technologies during the fourth quarter valued at approximately $34,000. Point72 Asset Management L.P. bought a new position in shares of UFP Technologies during the fourth quarter valued at $43,000. Citigroup Inc. lifted its holdings in shares of UFP Technologies by 121.3% during the fourth quarter. Citigroup Inc. now owns 394 shares of the industrial products company’s stock valued at $46,000 after acquiring an additional 216 shares during the period. Ronald Blue Trust Inc. bought a new position in shares of UFP Technologies during the third quarter valued at $48,000. Finally, Captrust Financial Advisors lifted its holdings in shares of UFP Technologies by 3,322.2% during the second quarter. Captrust Financial Advisors now owns 616 shares of the industrial products company’s stock valued at $49,000 after acquiring an additional 598 shares during the period. Institutional investors and hedge funds own 87.28% of the company’s stock.

UFP Technologies Price Performance

NASDAQ UFPT opened at $217.74 on Friday. The business has a 50 day simple moving average of $216.57 and a 200 day simple moving average of $182.22. UFP Technologies, Inc. has a 52-week low of $127.29 and a 52-week high of $257.29. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.28 and a current ratio of 2.48. The stock has a market cap of $1.66 billion, a price-to-earnings ratio of 37.22 and a beta of 0.83.

UFP Technologies (NASDAQ:UFPT) last released its quarterly earnings results on Wednesday, February 21st. The industrial products company reported $1.53 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.41. UFP Technologies had a return on equity of 25.48% and a net margin of 11.23%. The firm had revenue of $101.50 million during the quarter, compared to the consensus estimate of $94.80 million. Analysts anticipate that UFP Technologies, Inc. will post 6.19 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently issued reports on UFPT. KeyCorp started coverage on UFP Technologies in a report on Tuesday, February 6th. They issued a “sector weight” rating for the company. StockNews.com raised UFP Technologies from a “sell” rating to a “hold” rating in a research note on Thursday, February 22nd. Finally, CJS Securities began coverage on UFP Technologies in a research note on Wednesday, March 20th. They issued an “outperform” rating and a $255.00 price target for the company.

Insider Activity

In other news, CEO R Jeffrey Bailly sold 27,090 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $209.48, for a total value of $5,674,813.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO R Jeffrey Bailly sold 27,090 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $209.48, for a total value of $5,674,813.20. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Cynthia L. Feldmann sold 1,724 shares of the stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $207.77, for a total value of $358,195.48. Following the completion of the sale, the director now owns 4,466 shares in the company, valued at approximately $927,900.82. The disclosure for this sale can be found here. In the last 90 days, insiders sold 31,125 shares of company stock valued at $6,511,420. 7.80% of the stock is owned by insiders.

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.