American Century Companies Inc. Has $50.61 Million Holdings in UFP Technologies, Inc. $UFPT

American Century Companies Inc. trimmed its holdings in UFP Technologies, Inc. (NASDAQ:UFPT) by 22.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 253,532 shares of the industrial products company’s stock after selling 71,515 shares during the period. American Century Companies Inc. owned 3.29% of UFP Technologies worth $50,605,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Quantbot Technologies LP raised its stake in UFP Technologies by 12.7% in the 3rd quarter. Quantbot Technologies LP now owns 8,163 shares of the industrial products company’s stock valued at $1,629,000 after acquiring an additional 923 shares during the period. Diversify Wealth Management LLC increased its holdings in shares of UFP Technologies by 2.3% in the third quarter. Diversify Wealth Management LLC now owns 4,115 shares of the industrial products company’s stock valued at $819,000 after purchasing an additional 91 shares during the last quarter. Alliance Wealth Advisors LLC UT increased its holdings in shares of UFP Technologies by 7.0% in the third quarter. Alliance Wealth Advisors LLC UT now owns 3,308 shares of the industrial products company’s stock valued at $660,000 after purchasing an additional 215 shares during the last quarter. Personal CFO Solutions LLC raised its position in shares of UFP Technologies by 18.7% in the third quarter. Personal CFO Solutions LLC now owns 1,163 shares of the industrial products company’s stock valued at $232,000 after purchasing an additional 183 shares during the period. Finally, First National Bank of Omaha acquired a new stake in shares of UFP Technologies during the 3rd quarter worth about $2,082,000. 87.28% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. 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 UFP Technologies from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 14th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, UFP Technologies has an average rating of “Hold” and an average price target of $289.00.

UFP Technologies Stock Performance

UFPT opened at $202.33 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.52 and a current ratio of 2.68. UFP Technologies, Inc. has a 52-week low of $178.26 and a 52-week high of $274.93. The firm has a market cap of $1.56 billion, a P/E ratio of 23.04 and a beta of 1.13. The business’s fifty day moving average is $244.07 and its 200-day moving average is $222.56.

UFP Technologies (NASDAQ:UFPT) last posted its quarterly earnings data on Tuesday, February 24th. The industrial products company reported $2.44 earnings per share for the quarter, topping 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 business had revenue of $148.92 million during the quarter, compared to analysts’ expectations of $149.07 million. During the same quarter in the prior year, the business posted $2.10 earnings per share. UFP Technologies’s revenue was up 3.4% compared to the same quarter last year.

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.