Louisiana State Employees Retirement System Makes New Investment in UFP Technologies, Inc. (NASDAQ:UFPT)

Louisiana State Employees Retirement System bought a new position in shares of UFP Technologies, Inc. (NASDAQ:UFPT) in the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 3,500 shares of the industrial products company’s stock, valued at approximately $602,000.

A number of other large investors have also recently added to or reduced their stakes in UFPT. DekaBank Deutsche Girozentrale bought a new position in UFP Technologies during the 3rd quarter worth about $87,000. Mutual of America Capital Management LLC bought a new position in shares of UFP Technologies in the 4th quarter valued at about $212,000. EMC Capital Management grew its holdings in shares of UFP Technologies by 51.3% in the 3rd quarter. EMC Capital Management now owns 1,557 shares of the industrial products company’s stock valued at $251,000 after acquiring an additional 528 shares in the last quarter. Yorktown Management & Research Co Inc bought a new position in shares of UFP Technologies in the 3rd quarter valued at about $274,000. Finally, TD Asset Management Inc bought a new position in shares of UFP Technologies in the 3rd quarter valued at about $307,000. Institutional investors own 87.28% of the company’s stock.

UFP Technologies Trading Up 1.7 %

Shares of NASDAQ:UFPT opened at $213.25 on Monday. UFP Technologies, Inc. has a 52-week low of $127.29 and a 52-week high of $257.29. The company has a market capitalization of $1.63 billion, a P/E ratio of 36.45 and a beta of 0.83. The company has a 50-day simple moving average of $220.89 and a 200 day simple moving average of $184.75. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.28 and a current ratio of 2.48.

UFP Technologies (NASDAQ:UFPT) last issued its earnings results on Wednesday, February 21st. The industrial products company reported $1.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.41. UFP Technologies had a net margin of 11.23% and a return on equity of 25.48%. The business had revenue of $101.50 million during the quarter, compared to the consensus estimate of $94.80 million. Sell-side analysts forecast that UFP Technologies, Inc. will post 6.19 earnings per share for the current year.

Insider Activity at UFP Technologies

In other UFP Technologies news, Director Cynthia L. Feldmann sold 1,724 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $207.77, for a total transaction of $358,195.48. Following the completion of the sale, the director now directly owns 4,466 shares in the company, valued at $927,900.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other UFP Technologies news, Director Cynthia L. Feldmann sold 1,724 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $207.77, for a total transaction of $358,195.48. Following the completion of the sale, the director now directly owns 4,466 shares in the company, valued at $927,900.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO R Jeffrey Bailly sold 27,090 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $209.48, for a total transaction of $5,674,813.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 31,125 shares of company stock worth $6,511,420. Insiders own 7.80% of the company’s stock.

Analysts Set New Price Targets

UFPT has been the subject of several analyst reports. StockNews.com upgraded UFP Technologies from a “sell” rating to a “hold” rating in a report on Thursday, February 22nd. CJS Securities initiated coverage on UFP Technologies in a report on Wednesday, March 20th. They issued an “outperform” rating and a $255.00 price objective for the company. Finally, KeyCorp started coverage on UFP Technologies in a report on Tuesday, February 6th. They issued a “sector weight” rating for the company.

UFP Technologies Company 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.