AlphaQuest LLC Boosts Holdings in UFP Technologies, Inc. $UFPT

AlphaQuest LLC raised its position in UFP Technologies, Inc. (NASDAQ:UFPT) by 559.3% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 4,417 shares of the industrial products company’s stock after buying an additional 3,747 shares during the quarter. AlphaQuest LLC owned about 0.06% of UFP Technologies worth $882,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Nisa Investment Advisors LLC increased its stake in shares of UFP Technologies by 290.3% during the second quarter. Nisa Investment Advisors LLC now owns 121 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 90 shares during the period. PNC Financial Services Group Inc. increased its position in UFP Technologies by 179.0% during the 2nd quarter. PNC Financial Services Group Inc. now owns 173 shares of the industrial products company’s stock worth $42,000 after purchasing an additional 111 shares during the period. Canada Pension Plan Investment Board acquired a new position in UFP Technologies during the 2nd quarter worth approximately $49,000. Pacer Advisors Inc. purchased a new position in shares of UFP Technologies during the 3rd quarter worth approximately $108,000. Finally, Jones Financial Companies Lllp acquired a new position in UFP Technologies during the first quarter worth $172,000. Institutional investors and hedge funds own 87.28% of the company’s stock.

Insider Activity

In other UFP Technologies news, SVP Christopher P. Litterio sold 1,829 shares of the business’s stock in a transaction on Thursday, November 6th. The stock was sold at an average price of $227.20, for a total value of $415,548.80. Following the completion of the transaction, the senior vice president directly owned 10,756 shares in the company, valued at approximately $2,443,763.20. The trade was a 14.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 4.40% of the company’s stock.

UFP Technologies Trading Up 1.9%

Shares of UFPT opened at $255.87 on Tuesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.41 and a quick ratio of 1.36. UFP Technologies, Inc. has a 1-year low of $178.26 and a 1-year high of $289.57. The stock has a market cap of $1.97 billion, a price-to-earnings ratio of 29.65 and a beta of 1.11. The firm has a 50 day simple moving average of $236.97 and a 200-day simple moving average of $220.73.

UFP Technologies (NASDAQ:UFPT) last released its quarterly earnings results on Monday, November 3rd. The industrial products company reported $2.39 earnings per share for the quarter, topping the consensus estimate of $2.22 by $0.17. UFP Technologies had a return on equity of 20.45% and a net margin of 11.23%.The company had revenue of $154.56 million during the quarter, compared to the consensus estimate of $149.56 million. The business’s revenue was up 6.5% compared to the same quarter last year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on UFPT shares. Weiss Ratings reissued a “hold (c)” rating on shares of UFP Technologies in a report on Wednesday, October 8th. Zacks Research upgraded shares of UFP Technologies from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 14th. Finally, Wall Street Zen cut shares of UFP Technologies from a “hold” rating to a “sell” rating in a research note on Friday, November 28th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, UFP Technologies presently has an average rating of “Hold” and an average target price of $289.00.

UFP Technologies Company Profile

UFP Technologies, Inc (NASDAQ: UFPT) is a global designer and manufacturer of custom-engineered products using plastics, foams and adhesives. The company partners with customers to develop application-specific solutions through a range of in-house processes, including foam fabrication, die cutting, sheet processing, lamination, machining and assembly services. Its components find use in industries requiring precise material properties, such as medical devices, aerospace, defense, electronics and transportation.

Building on its origins as a specialty foam converter, UFP Technologies has expanded its capabilities to include advanced material technologies, such as thermal management and electromagnetic interference (EMI) shielding solutions.