Thomson Horstmann & Bryant Inc. lifted its stake in shares of UFP Technologies, Inc. (NASDAQ:UFPT) by 1.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 442,531 shares of the industrial products company’s stock after purchasing an additional 8,419 shares during the quarter. UFP Technologies accounts for about 1.6% of Thomson Horstmann & Bryant Inc.’s holdings, making the stock its 10th largest position. Thomson Horstmann & Bryant Inc. owned about 0.06% of UFP Technologies worth $12,302,000 as of its most recent filing with the SEC.
Several other large investors also recently added to or reduced their stakes in UFPT. Bank of New York Mellon Corp raised its stake in shares of UFP Technologies by 4.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 43,609 shares of the industrial products company’s stock valued at $1,234,000 after purchasing an additional 2,025 shares during the period. Martingale Asset Management L P bought a new stake in shares of UFP Technologies during the 2nd quarter valued at $552,000. AJO LP bought a new stake in shares of UFP Technologies during the 2nd quarter valued at $479,000. Teachers Advisors LLC raised its stake in shares of UFP Technologies by 2.1% during the 2nd quarter. Teachers Advisors LLC now owns 11,190 shares of the industrial products company’s stock valued at $317,000 after purchasing an additional 226 shares during the period. Finally, TIAA CREF Investment Management LLC raised its stake in shares of UFP Technologies by 12.9% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 18,999 shares of the industrial products company’s stock valued at $538,000 after purchasing an additional 2,170 shares during the period. Institutional investors own 69.08% of the company’s stock.
Separately, Zacks Investment Research lowered UFP Technologies from a “buy” rating to a “hold” rating in a research note on Friday, September 22nd.
Shares of UFP Technologies, Inc. (NASDAQ UFPT) traded down $0.30 during midday trading on Wednesday, reaching $28.40. The company’s stock had a trading volume of 24,200 shares, compared to its average volume of 30,400. The company has a market cap of $206.40, a price-to-earnings ratio of 26.06 and a beta of 0.13. UFP Technologies, Inc. has a fifty-two week low of $22.95 and a fifty-two week high of $31.50.
UFP Technologies (NASDAQ:UFPT) last announced its earnings results on Thursday, November 2nd. The industrial products company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.13). The business had revenue of $35.68 million during the quarter, compared to the consensus estimate of $38.70 million. UFP Technologies had a return on equity of 6.83% and a net margin of 5.43%. equities analysts anticipate that UFP Technologies, Inc. will post 1.12 earnings per share for the current fiscal year.
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UFP Technologies Company Profile
UFP Technologies, Inc is a designer and custom converter of foams, plastics, composites and natural fiber materials. The Company is engaged in providing solutions to customers primarily within the medical, automotive, consumer, electronics, industrial, and aerospace and defense markets. It converts these materials using laminating, molding, and fabricating manufacturing technologies.
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