Rhumbline Advisers Increases Stake in UFP Technologies, Inc. $UFPT

Rhumbline Advisers increased its holdings in UFP Technologies, Inc. (NASDAQ:UFPT) by 2.6% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 20,020 shares of the industrial products company’s stock after purchasing an additional 516 shares during the period. Rhumbline Advisers owned approximately 0.26% of UFP Technologies worth $4,038,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. State of Wyoming boosted its position in UFP Technologies by 34.7% during the 1st quarter. State of Wyoming now owns 365 shares of the industrial products company’s stock valued at $74,000 after buying an additional 94 shares during the period. Lazard Asset Management LLC purchased a new stake in UFP Technologies during the 4th quarter valued at $84,000. Park Square Financial Group LLC purchased a new stake in UFP Technologies during the 4th quarter valued at $107,000. Jones Financial Companies Lllp purchased a new stake in UFP Technologies during the 1st quarter valued at $172,000. Finally, CreativeOne Wealth LLC purchased a new stake in UFP Technologies during the 1st quarter valued at $203,000. Hedge funds and other institutional investors own 87.28% of the company’s stock.

Analysts Set New Price Targets

Separately, Lake Street Capital increased their price target on shares of UFP Technologies from $252.00 to $289.00 and gave the company a “buy” rating in a research report on Wednesday, August 6th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $289.00.

UFP Technologies Stock Down 1.0%

Shares of UFP Technologies stock opened at $199.32 on Monday. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.77 and a quick ratio of 1.53. The company has a 50-day moving average of $223.21 and a 200 day moving average of $222.85. The firm has a market cap of $1.54 billion, a price-to-earnings ratio of 23.10 and a beta of 1.20. UFP Technologies, Inc. has a 1 year low of $178.26 and a 1 year high of $366.41.

UFP Technologies (NASDAQ:UFPT) last announced its quarterly earnings data on Monday, August 4th. The industrial products company reported $2.50 EPS for the quarter, beating the consensus estimate of $2.25 by $0.25. UFP Technologies had a net margin of 11.40% and a return on equity of 21.54%. The company had revenue of $151.18 million for the quarter, compared to the consensus estimate of $151.55 million. During the same period in the prior year, the firm posted $1.86 EPS. UFP Technologies’s revenue for the quarter was up 37.2% on a year-over-year basis.

About UFP Technologies

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.