UFP Technologies, Inc. (NASDAQ:UFPT) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC trimmed its stake in shares of UFP Technologies, Inc. (NASDAQ:UFPT) by 8.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,696 shares of the industrial products company’s stock after selling 1,928 shares during the period. Nuveen Asset Management LLC owned about 0.26% of UFP Technologies worth $4,816,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. AlphaQuest LLC acquired a new stake in shares of UFP Technologies during the 4th quarter valued at approximately $25,000. Johnson Financial Group Inc. acquired a new stake in shares of UFP Technologies during the 4th quarter valued at approximately $42,000. Venturi Wealth Management LLC acquired a new stake in shares of UFP Technologies during the 4th quarter valued at approximately $74,000. EverSource Wealth Advisors LLC lifted 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 valued at $81,000 after acquiring an additional 66 shares during the period. Finally, Lazard Asset Management LLC acquired a new stake in shares of UFP Technologies during the 4th quarter valued at approximately $84,000. 87.28% of the stock is currently owned by institutional investors and hedge funds.

UFP Technologies Trading Up 0.5%

Shares of UFP Technologies stock opened at $234.35 on Friday. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.57 and a quick ratio of 1.43. UFP Technologies, Inc. has a 1 year low of $178.26 and a 1 year high of $366.41. The company has a market capitalization of $1.81 billion, a P/E ratio of 33.43 and a beta of 1.10. The business has a 50 day moving average price of $216.66 and a 200 day moving average price of $243.77.

UFP Technologies (NASDAQ:UFPT) last issued its quarterly earnings data on Tuesday, May 6th. The industrial products company reported $2.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.05 by $0.42. UFP Technologies had a return on equity of 18.92% and a net margin of 11.74%. The firm had revenue of $148.15 million during the quarter, compared to the consensus estimate of $139.93 million.

Wall Street Analyst Weigh In

UFPT has been the subject of a number of research reports. Raymond James initiated coverage on shares of UFP Technologies in a research report on Friday, March 28th. They set a “market perform” rating for the company. Lake Street Capital set a $252.00 price objective on UFP Technologies and gave the stock a “buy” rating in a research report on Wednesday, May 7th.

Insider Buying and Selling at UFP Technologies

In other UFP Technologies news, SVP Christopher P. Litterio sold 1,473 shares of the business’s stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $220.12, for a total value of $324,236.76. Following the completion of the transaction, the senior vice president now directly owns 12,585 shares in the company, valued at approximately $2,770,210.20. The trade was a 10.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 4.40% of the stock is currently owned by insiders.

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.