UFP Technologies, Inc. $UFPT Shares Sold by Peterson Wealth Services

Peterson Wealth Services reduced its position in UFP Technologies, Inc. (NASDAQ:UFPT) by 84.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 3,051 shares of the industrial products company’s stock after selling 16,040 shares during the quarter. Peterson Wealth Services’ holdings in UFP Technologies were worth $677,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of UFPT. Thrivent Financial for Lutherans increased its stake in UFP Technologies by 892.3% in the 4th quarter. Thrivent Financial for Lutherans now owns 248,125 shares of the industrial products company’s stock valued at $55,091,000 after buying an additional 223,121 shares during the period. Congress Asset Management Co. increased its stake in UFP Technologies by 32.4% in the 4th quarter. Congress Asset Management Co. now owns 441,122 shares of the industrial products company’s stock valued at $97,942,000 after buying an additional 107,908 shares during the period. Geneva Capital Management LLC increased its position in UFP Technologies by 88.6% during the 3rd quarter. Geneva Capital Management LLC now owns 158,496 shares of the industrial products company’s stock worth $31,636,000 after purchasing an additional 74,461 shares during the period. Allspring Global Investments Holdings LLC increased its position in UFP Technologies by 60.3% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 166,135 shares of the industrial products company’s stock worth $37,115,000 after purchasing an additional 62,472 shares during the period. Finally, Neumeier Poma Investment Counsel LLC acquired a new position in UFP Technologies during the 4th quarter worth approximately $11,572,000. 87.28% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

UFPT has been the topic of several recent analyst reports. Wall Street Zen upgraded UFP Technologies from a “sell” rating to a “hold” rating in a research report on Saturday, March 28th. Weiss Ratings reiterated a “hold (c)” rating on shares of UFP Technologies in a research report on Friday, May 29th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $289.00.

Insider Buying and Selling 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 in the company, valued at $189,562.05. This represents a 77.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 4.40% of the stock is currently owned by corporate insiders.

UFP Technologies Stock Performance

NASDAQ:UFPT opened at $238.60 on Friday. The stock has a market cap of $1.85 billion, a PE ratio of 27.08 and a beta of 1.11. The company has a quick ratio of 1.69, a current ratio of 2.91 and a debt-to-equity ratio of 0.32. The firm’s fifty day simple moving average is $211.67 and its 200-day simple moving average is $223.29. UFP Technologies, Inc. has a fifty-two week low of $173.86 and a fifty-two week high of $274.93.

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

About UFP Technologies

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.