Motley Fool Asset Management LLC Cuts Stock Holdings in UFP Technologies, Inc. $UFPT

Motley Fool Asset Management LLC trimmed its position in shares of UFP Technologies, Inc. (NASDAQ:UFPT) by 6.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,755 shares of the industrial products company’s stock after selling 751 shares during the quarter. Motley Fool Asset Management LLC owned 0.15% of UFP Technologies worth $2,870,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. Nisa Investment Advisors LLC boosted its holdings in UFP Technologies by 290.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 121 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 90 shares during the last quarter. GAMMA Investing LLC boosted its holdings in UFP Technologies by 37.6% during the 2nd quarter. GAMMA Investing LLC now owns 183 shares of the industrial products company’s stock worth $45,000 after acquiring an additional 50 shares during the last quarter. State of Wyoming boosted its holdings in UFP Technologies by 34.7% during the 1st quarter. State of Wyoming now owns 365 shares of the industrial products company’s stock worth $74,000 after acquiring an additional 94 shares during the last quarter. Jones Financial Companies Lllp purchased a new position in UFP Technologies during the 1st quarter worth $172,000. Finally, CreativeOne Wealth LLC purchased a new position in UFP Technologies during the 1st quarter worth $203,000. 87.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on UFPT. Lake Street Capital lifted their price objective on shares of UFP Technologies from $252.00 to $289.00 and gave the stock a “buy” rating in a report on Wednesday, August 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of UFP Technologies in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, UFP Technologies has a consensus rating of “Hold” and an average target price of $289.00.

UFP Technologies Trading Down 1.1%

Shares of UFP Technologies stock opened at $197.89 on Wednesday. UFP Technologies, Inc. has a 52-week low of $178.26 and a 52-week high of $354.22. The stock’s 50-day simple moving average is $202.38 and its 200 day simple moving average is $220.56. The stock has a market capitalization of $1.53 billion, a P/E ratio of 22.93 and a beta of 1.19. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.53 and a current ratio of 2.77.

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

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.