Raymond James Financial Inc. Has $8.30 Million Stock Holdings in UFP Technologies, Inc. $UFPT

Raymond James Financial Inc. cut its stake in shares of UFP Technologies, Inc. (NASDAQ:UFPT) by 40.1% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 41,148 shares of the industrial products company’s stock after selling 27,593 shares during the period. Raymond James Financial Inc. owned 0.53% of UFP Technologies worth $8,300,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of UFPT. Tower Research Capital LLC TRC boosted its position in UFP Technologies by 263.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 922 shares of the industrial products company’s stock valued at $225,000 after purchasing an additional 668 shares during the last quarter. Stifel Financial Corp boosted its position in UFP Technologies by 72.9% during the fourth quarter. Stifel Financial Corp now owns 4,976 shares of the industrial products company’s stock valued at $1,217,000 after purchasing an additional 2,098 shares during the last quarter. Northern Trust Corp boosted its position in UFP Technologies by 8.1% during the fourth quarter. Northern Trust Corp now owns 92,064 shares of the industrial products company’s stock valued at $22,511,000 after purchasing an additional 6,873 shares during the last quarter. Algert Global LLC lifted its position in shares of UFP Technologies by 500.1% in the fourth quarter. Algert Global LLC now owns 4,393 shares of the industrial products company’s stock valued at $1,074,000 after buying an additional 3,661 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its position in shares of UFP Technologies by 31.0% in the fourth quarter. BNP Paribas Financial Markets now owns 10,270 shares of the industrial products company’s stock valued at $2,511,000 after buying an additional 2,428 shares during the last quarter. 87.28% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Lake Street Capital raised their price objective on UFP Technologies from $252.00 to $289.00 and gave the company a “buy” rating in a research report on Wednesday, August 6th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $289.00.

UFP Technologies Stock Performance

UFPT opened at $210.16 on Tuesday. UFP Technologies, Inc. has a 12-month low of $178.26 and a 12-month high of $366.41. The stock has a market cap of $1.62 billion, a price-to-earnings ratio of 24.35 and a beta of 1.20. The business has a 50 day moving average of $231.16 and a 200-day moving average of $225.85. The company has a quick ratio of 1.53, a current ratio of 2.77 and a debt-to-equity ratio of 0.39.

UFP Technologies (NASDAQ:UFPT) last announced its earnings results on Monday, August 4th. The industrial products company reported $2.50 earnings per share for the quarter, topping analysts’ consensus estimates of $2.25 by $0.25. The company had revenue of $151.18 million for the quarter, compared to analyst estimates of $151.55 million. UFP Technologies had a return on equity of 21.54% and a net margin of 11.40%.The firm’s quarterly revenue was up 37.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.86 earnings per share.

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.