Goldman Sachs Group Inc. Has $4.95 Million Stake in UFP Technologies, Inc. $UFPT

Goldman Sachs Group Inc. trimmed its stake in UFP Technologies, Inc. (NASDAQ:UFPT) by 28.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,551 shares of the industrial products company’s stock after selling 9,816 shares during the period. Goldman Sachs Group Inc. owned about 0.32% of UFP Technologies worth $4,952,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Lazard Asset Management LLC acquired a new stake in UFP Technologies in the fourth quarter valued at $84,000. State of Wyoming increased its holdings in UFP Technologies by 34.7% in the first quarter. State of Wyoming now owns 365 shares of the industrial products company’s stock valued at $74,000 after purchasing an additional 94 shares during the period. Park Square Financial Group LLC acquired a new stake in UFP Technologies in the fourth quarter valued at $107,000. Jones Financial Companies Lllp acquired a new stake in UFP Technologies in the first quarter valued at $172,000. Finally, CreativeOne Wealth LLC acquired a new stake in UFP Technologies in the first quarter valued at $203,000. 87.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

UFP Technologies Price Performance

UFPT stock opened at $203.13 on Wednesday. The stock has a market capitalization of $1.57 billion, a PE ratio of 23.54 and a beta of 1.20. The company’s 50-day moving average is $221.67 and its 200-day moving average is $222.55. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.77 and a quick ratio of 1.53. UFP Technologies, Inc. has a 1 year low of $178.26 and a 1 year high of $366.41.

UFP Technologies (NASDAQ:UFPT) last released its quarterly earnings data on Monday, August 4th. The industrial products company reported $2.50 earnings per share (EPS) 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 analysts’ expectations of $151.55 million. UFP Technologies had a net margin of 11.40% and a return on equity of 21.54%. The business’s revenue was up 37.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.86 EPS.

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.