UFP Technologies, Inc. $UFPT Shares Purchased by AltraVue Capital LLC

AltraVue Capital LLC lifted its holdings in UFP Technologies, Inc. (NASDAQ:UFPT) by 2.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 153,786 shares of the industrial products company’s stock after purchasing an additional 3,110 shares during the period. UFP Technologies comprises about 2.5% of AltraVue Capital LLC’s portfolio, making the stock its 16th largest holding. AltraVue Capital LLC owned 1.99% of UFP Technologies worth $30,696,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Nisa Investment Advisors LLC grew its holdings in UFP Technologies by 290.3% in the second quarter. Nisa Investment Advisors LLC now owns 121 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 90 shares during the period. PNC Financial Services Group Inc. lifted its position in shares of 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 valued at $42,000 after buying an additional 111 shares in the last quarter. Canada Pension Plan Investment Board acquired a new stake in UFP Technologies in the 2nd quarter valued at $49,000. State of Wyoming grew its stake in UFP Technologies by 22.7% in the 3rd quarter. State of Wyoming now owns 341 shares of the industrial products company’s stock valued at $68,000 after acquiring an additional 63 shares during the period. Finally, Pacer Advisors Inc. purchased a new stake in UFP Technologies in the 3rd quarter worth $108,000. Hedge funds and other institutional investors own 87.28% of the company’s stock.

UFP Technologies Trading Down 0.7%

Shares of UFPT stock opened at $202.91 on Wednesday. UFP Technologies, Inc. has a fifty-two week low of $178.26 and a fifty-two week high of $274.93. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.52 and a current ratio of 2.68. The stock’s fifty day moving average is $245.37 and its two-hundred day moving average is $222.83. The firm has a market capitalization of $1.56 billion, a P/E ratio of 23.11 and a beta of 1.13.

UFP Technologies (NASDAQ:UFPT) last released its earnings results on Tuesday, February 24th. The industrial products company reported $2.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.26 by $0.18. The business had revenue of $148.92 million during the quarter, compared to analyst estimates of $149.07 million. UFP Technologies had a net margin of 11.33% and a return on equity of 19.36%. The company’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.10 earnings per share.

Analyst Ratings Changes

UFPT has been the topic of several recent analyst reports. Wall Street Zen downgraded shares of UFP Technologies from a “hold” rating to a “sell” rating in a report on Friday, November 28th. Zacks Research upgraded shares of UFP Technologies from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 14th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, UFP Technologies presently has a consensus rating of “Hold” and a consensus price target of $289.00.

UFP Technologies 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.