UFP Technologies, Inc. $UFPT is Applied Fundamental Research LLC’s 3rd Largest Position

Applied Fundamental Research LLC grew its stake in UFP Technologies, Inc. (NASDAQ:UFPT) by 8.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 52,788 shares of the industrial products company’s stock after acquiring an additional 4,035 shares during the quarter. UFP Technologies comprises approximately 11.6% of Applied Fundamental Research LLC’s investment portfolio, making the stock its 3rd biggest position. Applied Fundamental Research LLC owned about 0.68% of UFP Technologies worth $11,721,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Canada Pension Plan Investment Board purchased a new position in shares of UFP Technologies during the second quarter worth $49,000. Caitong International Asset Management Co. Ltd acquired a new position in UFP Technologies during the 3rd quarter worth about $51,000. State of Wyoming boosted its holdings in UFP Technologies by 22.7% during 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. GAMMA Investing LLC boosted its holdings in UFP Technologies by 171.4% during the 4th quarter. GAMMA Investing LLC now owns 361 shares of the industrial products company’s stock valued at $80,000 after acquiring an additional 228 shares during the period. Finally, Pacer Advisors Inc. acquired a new position in UFP Technologies in the 3rd quarter valued at about $108,000. Hedge funds and other institutional investors own 87.28% of the company’s stock.

UFP Technologies Price Performance

Shares of UFPT opened at $203.74 on Thursday. The firm has a market capitalization of $1.57 billion, a price-to-earnings ratio of 23.21 and a beta of 1.17. The firm’s fifty day simple moving average is $207.74 and its 200-day simple moving average is $220.93. UFP Technologies, Inc. has a twelve month low of $182.87 and a twelve month high of $274.93. The company has a current ratio of 2.68, a quick ratio of 1.52 and a debt-to-equity ratio of 0.32.

UFP Technologies (NASDAQ:UFPT) last issued its earnings results on Tuesday, February 24th. The industrial products company reported $2.44 EPS for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $149.07 million. During the same quarter in the previous year, the firm posted $2.10 earnings per share. The company’s revenue was up 3.4% compared to the same quarter last year. Equities analysts forecast that UFP Technologies, Inc. will post 9.9 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Wall Street Zen upgraded shares of UFP Technologies from a “sell” rating to a “hold” rating in a report on Saturday, March 28th. Zacks Research upgraded shares of UFP Technologies from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 14th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, UFP Technologies currently has a consensus rating of “Hold” and a consensus price target of $289.00.

About UFP Technologies

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.