Motley Fool Wealth Management LLC Decreases Holdings in UFP Technologies, Inc. $UFPT

Motley Fool Wealth Management LLC decreased its position in shares of UFP Technologies, Inc. (NASDAQ:UFPT) by 15.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,081 shares of the industrial products company’s stock after selling 2,893 shares during the quarter. Motley Fool Wealth Management LLC’s holdings in UFP Technologies were worth $3,571,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Global Retirement Partners LLC purchased a new stake in shares of UFP Technologies during the 4th quarter worth approximately $28,000. Canada Pension Plan Investment Board purchased a new stake in shares of UFP Technologies during the 2nd quarter worth approximately $49,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of UFP Technologies during the 3rd quarter worth approximately $51,000. PNC Financial Services Group Inc. boosted its stake in shares of UFP Technologies by 66.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 236 shares of the industrial products company’s stock worth $52,000 after acquiring an additional 94 shares in the last quarter. Finally, State of Wyoming boosted its stake in shares of UFP Technologies by 22.7% during the 3rd quarter. State of Wyoming now owns 341 shares of the industrial products company’s stock worth $68,000 after acquiring an additional 63 shares in the last quarter. Hedge funds and other institutional investors own 87.28% of the company’s stock.

Insider Transactions at UFP Technologies

In related news, Director Daniel C. Croteau sold 2,864 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $221.71, for a total value of $634,977.44. Following the sale, the director owned 855 shares of the company’s stock, valued at approximately $189,562.05. This represents a 77.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 4.40% of the company’s stock.

UFP Technologies Price Performance

UFPT stock opened at $231.12 on Wednesday. UFP Technologies, Inc. has a 1 year low of $173.86 and a 1 year high of $274.93. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.69 and a current ratio of 2.91. The stock’s 50 day moving average price is $209.86 and its 200 day moving average price is $223.00. The firm has a market cap of $1.79 billion, a P/E ratio of 26.23 and a beta of 1.11.

UFP Technologies (NASDAQ:UFPT) last posted its earnings results on Monday, May 4th. The industrial products company reported $2.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.18 by $0.30. UFP Technologies had a return on equity of 18.47% and a net margin of 11.27%.The firm had revenue of $154.20 million for the quarter, compared to analyst estimates of $154.78 million. During the same quarter in the prior year, the company earned $2.47 EPS. UFP Technologies’s revenue was up 4.1% on a year-over-year basis. On average, sell-side analysts expect that UFP Technologies, Inc. will post 10.23 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on UFPT shares. Weiss Ratings reissued a “hold (c)” rating on shares of UFP Technologies in a research note on Friday, May 29th. Wall Street Zen raised UFP Technologies from a “sell” rating to a “hold” rating in a research note on Saturday, March 28th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, UFP Technologies presently has a consensus rating of “Hold” and an average price target of $289.00.

UFP Technologies 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.