Inspire Investing LLC Has $393,000 Position in UFP Technologies, Inc. $UFPT

Inspire Investing LLC reduced its position in shares of UFP Technologies, Inc. (NASDAQ:UFPT) by 6.1% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 1,608 shares of the industrial products company’s stock after selling 104 shares during the quarter. Inspire Investing LLC’s holdings in UFP Technologies were worth $393,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Congress Asset Management Co. boosted its position in shares of UFP Technologies by 5.8% during the second quarter. Congress Asset Management Co. now owns 327,433 shares of the industrial products company’s stock worth $79,946,000 after buying an additional 18,038 shares during the period. American Century Companies Inc. boosted its position in UFP Technologies by 1,858.2% during the first quarter. American Century Companies Inc. now owns 287,588 shares of the industrial products company’s stock valued at $58,010,000 after purchasing an additional 272,902 shares during the last quarter. Boston Trust Walden Corp boosted its position in UFP Technologies by 98.4% during the first quarter. Boston Trust Walden Corp now owns 214,147 shares of the industrial products company’s stock valued at $43,196,000 after purchasing an additional 106,197 shares during the last quarter. Invesco Ltd. boosted its position in UFP Technologies by 1.9% during the first quarter. Invesco Ltd. now owns 178,174 shares of the industrial products company’s stock valued at $35,939,000 after purchasing an additional 3,313 shares during the last quarter. Finally, Swedbank AB boosted its position in UFP Technologies by 18.5% during the second quarter. Swedbank AB now owns 160,000 shares of the industrial products company’s stock valued at $39,066,000 after purchasing an additional 25,000 shares during the last quarter. 87.28% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

UFPT has been the subject of several recent research reports. Lake Street Capital increased their price target on UFP Technologies from $252.00 to $289.00 and gave the company a “buy” rating in a research report on Wednesday, August 6th. Weiss Ratings reissued a “hold (c)” rating on shares of UFP Technologies in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $289.00.

UFP Technologies Price Performance

NASDAQ:UFPT opened at $195.46 on Tuesday. The company has a quick ratio of 1.53, a current ratio of 2.77 and a debt-to-equity ratio of 0.39. The stock’s 50 day moving average price is $206.75 and its two-hundred day moving average price is $220.71. The firm has a market capitalization of $1.51 billion, a price-to-earnings ratio of 22.65 and a beta of 1.19. UFP Technologies, Inc. has a 12-month low of $178.26 and a 12-month high of $354.22.

UFP Technologies (NASDAQ:UFPT) last released its quarterly earnings data on Thursday, November 9th. The industrial products company reported $1.37 earnings per share (EPS) for the quarter. The firm had revenue of $96.97 million for the quarter. UFP Technologies had a return on equity of 21.54% and a net margin of 11.40%.

UFP Technologies Company Profile

UFP Technologies, Inc designs and manufactures solutions for medical devices, sterile packaging, and other highly engineered custom products. The company offers protective drapes for robotic surgery, single patient use surfaces, advanced wound care, infection prevention, disposables for surgical and endoscopic procedures, packaging for medical devices, orthopedic implants, biopharma drug manufacturing, and coils for catheters; and molded components for applications in acoustic insulation, interior trim, load floors, sunshades, SUV cargo cover handles, driveshaft damping, engine and manifold covers, quarter panels, and wheel liners.