Massachusetts Financial Services Co. MA Increases Position in UFP Technologies, Inc. $UFPT

Massachusetts Financial Services Co. MA lifted its holdings in shares of UFP Technologies, Inc. (NASDAQ:UFPT) by 5.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 169,982 shares of the industrial products company’s stock after buying an additional 8,231 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 2.20% of UFP Technologies worth $33,928,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC increased its stake 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 buying an additional 90 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of UFP Technologies by 179.0% in the second quarter. PNC Financial Services Group Inc. now owns 173 shares of the industrial products company’s stock worth $42,000 after acquiring an additional 111 shares during the last quarter. GAMMA Investing LLC increased its position in shares of UFP Technologies by 37.6% during the second quarter. GAMMA Investing LLC now owns 183 shares of the industrial products company’s stock worth $45,000 after purchasing an additional 50 shares in the last quarter. Canada Pension Plan Investment Board purchased a new stake in shares of UFP Technologies during the second quarter worth approximately $49,000. Finally, Pacer Advisors Inc. acquired a new position in UFP Technologies in the 3rd quarter valued at $108,000. Institutional investors and hedge funds own 87.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Wall Street Zen lowered shares of UFP Technologies from a “hold” rating to a “sell” rating in a report on Friday, November 28th. Zacks Research upgraded shares of UFP Technologies from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 14th. Finally, Weiss Ratings reiterated 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 three have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $289.00.

Insider Activity

In other news, SVP Christopher P. Litterio sold 1,829 shares of the business’s stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $227.20, for a total transaction of $415,548.80. Following the completion of the sale, the senior vice president owned 10,756 shares in the company, valued at approximately $2,443,763.20. The trade was a 14.53% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 4.40% of the company’s stock.

UFP Technologies Price Performance

Shares of UFPT opened at $266.65 on Friday. The firm has a 50-day simple moving average of $232.62 and a two-hundred day simple moving average of $220.45. The stock has a market cap of $2.06 billion, a PE ratio of 30.90 and a beta of 1.11. UFP Technologies, Inc. has a 1-year low of $178.26 and a 1-year high of $289.57. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.41 and a quick ratio of 1.36.

UFP Technologies (NASDAQ:UFPT) last issued its quarterly earnings data on Monday, November 3rd. The industrial products company reported $2.39 earnings per share for the quarter, beating analysts’ consensus estimates of $2.22 by $0.17. UFP Technologies had a return on equity of 20.45% and a net margin of 11.23%.The business had revenue of $154.56 million during the quarter, compared to analysts’ expectations of $149.56 million. The firm’s revenue was up 6.5% 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.