UFP Technologies, Inc. $UFPT Shares Bought by CW Advisors LLC

CW Advisors LLC grew its position in shares of UFP Technologies, Inc. (NASDAQ:UFPT) by 9.2% during the first quarter, Holdings Channel reports. The firm owned 44,260 shares of the industrial products company’s stock after acquiring an additional 3,730 shares during the quarter. CW Advisors LLC’s holdings in UFP Technologies were worth $8,928,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in UFPT. American Century Companies Inc. lifted its stake 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 worth $58,010,000 after purchasing an additional 272,902 shares in the last quarter. Boston Trust Walden Corp lifted its stake 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 worth $43,196,000 after purchasing an additional 106,197 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in UFP Technologies by 55.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 178,411 shares of the industrial products company’s stock worth $43,625,000 after purchasing an additional 63,899 shares in the last quarter. Royal Bank of Canada lifted its stake in UFP Technologies by 508.8% during the fourth quarter. Royal Bank of Canada now owns 69,145 shares of the industrial products company’s stock worth $16,907,000 after purchasing an additional 57,787 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its stake in UFP Technologies by 261.3% during the first quarter. Envestnet Asset Management Inc. now owns 75,194 shares of the industrial products company’s stock worth $15,167,000 after purchasing an additional 54,382 shares in the last quarter. 87.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Lake Street Capital upped their price target on UFP Technologies from $252.00 to $289.00 and gave the stock a “buy” rating in a research note on Wednesday, August 6th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $289.00.

UFP Technologies Stock Up 2.8%

UFP Technologies stock opened at $225.74 on Friday. UFP Technologies, Inc. has a twelve month low of $178.26 and a twelve month high of $366.41. The stock’s fifty day simple moving average is $233.88 and its 200-day simple moving average is $228.44. The company has a current ratio of 2.77, a quick ratio of 1.53 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $1.74 billion, a P/E ratio of 26.16 and a beta of 1.14.

UFP Technologies (NASDAQ:UFPT) last posted its quarterly earnings data on Monday, August 4th. The industrial products company reported $2.50 earnings per share for the quarter, topping analysts’ consensus estimates of $2.25 by $0.25. UFP Technologies had a return on equity of 21.54% and a net margin of 11.40%.The business had revenue of $151.18 million for the quarter, compared to analyst estimates of $151.55 million. During the same quarter in the prior year, the company earned $1.86 earnings per share. The company’s revenue was up 37.2% on a year-over-year basis.

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.