UFP Technologies, Inc. $UFPT Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC decreased its position in UFP Technologies, Inc. (NASDAQ:UFPT) by 11.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 941 shares of the industrial products company’s stock after selling 121 shares during the quarter. Mutual of America Capital Management LLC’s holdings in UFP Technologies were worth $230,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Congress Asset Management Co. lifted its holdings in shares of UFP Technologies by 5.8% in the second quarter. Congress Asset Management Co. now owns 327,433 shares of the industrial products company’s stock valued at $79,946,000 after buying an additional 18,038 shares during the period. American Century Companies Inc. raised its position in shares of UFP Technologies by 1,858.2% during the first quarter. American Century Companies Inc. now owns 287,588 shares of the industrial products company’s stock worth $58,010,000 after purchasing an additional 272,902 shares during the period. Boston Trust Walden Corp raised its position in shares of UFP Technologies by 19.3% during the second quarter. Boston Trust Walden Corp now owns 255,377 shares of the industrial products company’s stock worth $62,353,000 after purchasing an additional 41,230 shares during the period. Invesco Ltd. raised its position in shares of UFP Technologies by 1.9% during the first quarter. Invesco Ltd. now owns 178,174 shares of the industrial products company’s stock worth $35,939,000 after purchasing an additional 3,313 shares during the period. Finally, Swedbank AB raised its position in shares of UFP Technologies by 18.5% during the second quarter. Swedbank AB now owns 160,000 shares of the industrial products company’s stock worth $39,066,000 after purchasing an additional 25,000 shares during the period. Institutional investors and hedge funds own 87.28% of the company’s stock.

UFP Technologies Stock Down 4.3%

NASDAQ:UFPT opened at $189.37 on Thursday. The firm has a market capitalization of $1.46 billion, a price-to-earnings ratio of 21.94 and a beta of 1.19. UFP Technologies, Inc. has a 1-year low of $178.26 and a 1-year high of $354.22. The company has a current ratio of 2.77, a quick ratio of 1.53 and a debt-to-equity ratio of 0.39. The business’s fifty day moving average price is $201.78 and its 200 day moving average price is $220.42.

UFP Technologies (NASDAQ:UFPT) last posted its quarterly earnings results on Thursday, November 9th. The industrial products company reported $1.37 earnings per share for the quarter. UFP Technologies had a return on equity of 21.54% and a net margin of 11.40%.The firm had revenue of $96.97 million for the quarter.

Wall Street Analyst Weigh In

UFPT has been the topic of a number of recent analyst reports. Lake Street Capital boosted their target price on UFP Technologies from $252.00 to $289.00 and gave the stock a “buy” rating in a research report on Wednesday, August 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of UFP Technologies in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, UFP Technologies has a consensus rating of “Hold” and a consensus target price of $289.00.

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.