Kestra Private Wealth Services LLC Has $344,000 Position in UFP Technologies, Inc. (NASDAQ:UFPT)

Kestra Private Wealth Services LLC lifted its stake in shares of UFP Technologies, Inc. (NASDAQ:UFPT) by 48.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 2,000 shares of the industrial products company’s stock after buying an additional 650 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in UFP Technologies were worth $344,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of UFPT. Federated Hermes Inc. increased its holdings in shares of UFP Technologies by 98.6% during the fourth quarter. Federated Hermes Inc. now owns 147 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 73 shares during the period. DekaBank Deutsche Girozentrale bought a new position in UFP Technologies during the 3rd quarter worth $87,000. Peterson Wealth Services acquired a new position in UFP Technologies in the 4th quarter valued at $204,000. Mutual of America Capital Management LLC bought a new stake in shares of UFP Technologies during the 4th quarter valued at $212,000. Finally, Everence Capital Management Inc. acquired a new stake in shares of UFP Technologies during the 4th quarter worth $236,000. Institutional investors own 87.28% of the company’s stock.

UFP Technologies Stock Performance

UFP Technologies stock opened at $253.04 on Wednesday. The company has a quick ratio of 1.28, a current ratio of 2.48 and a debt-to-equity ratio of 0.10. The stock has a market cap of $1.94 billion, a PE ratio of 40.68 and a beta of 0.90. UFP Technologies, Inc. has a 12-month low of $127.29 and a 12-month high of $268.34. The business’s 50-day moving average price is $225.85 and its two-hundred day moving average price is $189.10.

UFP Technologies (NASDAQ:UFPT) last posted its quarterly earnings results on Wednesday, February 21st. The industrial products company reported $1.53 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.41. The company had revenue of $101.50 million for the quarter, compared to the consensus estimate of $94.80 million. UFP Technologies had a net margin of 11.75% and a return on equity of 17.75%. As a group, analysts expect that UFP Technologies, Inc. will post 6.19 earnings per share for the current fiscal year.

Insider Buying and Selling at UFP Technologies

In other news, Director Cynthia L. Feldmann sold 1,724 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $207.77, for a total value of $358,195.48. Following the completion of the transaction, the director now directly owns 4,466 shares in the company, valued at approximately $927,900.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, VP Steve Cardin sold 311 shares of UFP Technologies stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $196.50, for a total transaction of $61,111.50. Following the sale, the vice president now directly owns 5,643 shares in the company, valued at approximately $1,108,849.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Cynthia L. Feldmann sold 1,724 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $207.77, for a total transaction of $358,195.48. Following the sale, the director now directly owns 4,466 shares in the company, valued at $927,900.82. The disclosure for this sale can be found here. Insiders have sold 31,125 shares of company stock worth $6,511,420 over the last quarter. Corporate insiders own 7.80% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on UFPT shares. CJS Securities initiated 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. KeyCorp began coverage on shares of UFP Technologies in a report on Tuesday, February 6th. They set a “sector weight” rating for the company. Finally, StockNews.com raised shares of UFP Technologies from a “sell” rating to a “hold” rating in a research note on Thursday, February 22nd.

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.