UFP Technologies, Inc. $UFPT Shares Acquired by Annex Advisory Services LLC

Annex Advisory Services LLC boosted its stake in UFP Technologies, Inc. (NASDAQ:UFPT) by 3.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 126,884 shares of the industrial products company’s stock after acquiring an additional 4,271 shares during the period. Annex Advisory Services LLC owned 1.65% of UFP Technologies worth $28,172,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Illinois Municipal Retirement Fund raised its holdings in UFP Technologies by 1.2% in the third quarter. Illinois Municipal Retirement Fund now owns 3,977 shares of the industrial products company’s stock valued at $794,000 after acquiring an additional 49 shares in the last quarter. Royce & Associates LP raised its holdings in UFP Technologies by 0.7% in the third quarter. Royce & Associates LP now owns 7,511 shares of the industrial products company’s stock valued at $1,499,000 after acquiring an additional 54 shares in the last quarter. State of Wyoming raised its holdings in UFP Technologies by 22.7% in the third 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 in the last quarter. Guidance Capital Inc. raised its holdings in UFP Technologies by 2.8% in the fourth quarter. Guidance Capital Inc. now owns 2,337 shares of the industrial products company’s stock valued at $519,000 after acquiring an additional 63 shares in the last quarter. Finally, Anchor Capital Advisors LLC raised its holdings in UFP Technologies by 1.6% in the third quarter. Anchor Capital Advisors LLC now owns 4,350 shares of the industrial products company’s stock valued at $868,000 after acquiring an additional 70 shares in the last quarter. 87.28% of the stock is owned by institutional investors and hedge funds.

UFP Technologies Stock Down 3.6%

UFPT stock opened at $196.03 on Wednesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.68 and a quick ratio of 1.52. UFP Technologies, Inc. has a 1-year low of $182.87 and a 1-year high of $274.93. The firm has a fifty day moving average price of $215.32 and a two-hundred day moving average price of $221.03. The firm has a market cap of $1.51 billion, a price-to-earnings ratio of 22.33 and a beta of 1.17.

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

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Wall Street Zen raised shares of UFP Technologies from a “sell” rating to a “hold” rating in a report on Saturday, March 28th. Zacks Research raised shares of UFP Technologies from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 14th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average 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.