Bridge City Capital LLC Sells 9,589 Shares of UFP Technologies, Inc. $UFPT

Bridge City Capital LLC cut its position in shares of UFP Technologies, Inc. (NASDAQ:UFPT) by 36.2% in the fourth quarter, HoldingsChannel reports. The firm owned 16,923 shares of the industrial products company’s stock after selling 9,589 shares during the period. Bridge City Capital LLC’s holdings in UFP Technologies were worth $3,757,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. ProShare Advisors LLC raised its position in UFP Technologies by 3.2% during the 4th quarter. ProShare Advisors LLC now owns 1,466 shares of the industrial products company’s stock valued at $325,000 after purchasing an additional 46 shares in the last quarter. Illinois Municipal Retirement Fund raised its position in UFP Technologies by 1.2% during the 3rd quarter. Illinois Municipal Retirement Fund now owns 3,977 shares of the industrial products company’s stock valued at $794,000 after purchasing an additional 49 shares in the last quarter. Royce & Associates LP raised its position in UFP Technologies by 0.7% during the 3rd quarter. Royce & Associates LP now owns 7,511 shares of the industrial products company’s stock valued at $1,499,000 after purchasing an additional 54 shares in the last quarter. State of Wyoming raised its position in UFP Technologies by 22.7% during the 3rd quarter. State of Wyoming now owns 341 shares of the industrial products company’s stock valued at $68,000 after purchasing an additional 63 shares in the last quarter. Finally, Guidance Capital Inc. raised its position in UFP Technologies by 2.8% during the 4th quarter. Guidance Capital Inc. now owns 2,337 shares of the industrial products company’s stock valued at $519,000 after purchasing an additional 63 shares in the last quarter. 87.28% of the stock is owned by institutional investors.

UFP Technologies Stock Down 1.5%

Shares of UFPT stock opened at $234.94 on Friday. UFP Technologies, Inc. has a 1-year low of $173.86 and a 1-year high of $274.93. The stock’s fifty day moving average price is $212.49 and its 200 day moving average price is $223.38. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.91 and a quick ratio of 1.69. The company has a market cap of $1.82 billion, a price-to-earnings ratio of 26.67 and a beta of 1.11.

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

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other UFP Technologies news, Director Daniel C. Croteau sold 2,864 shares of the business’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $221.71, for a total transaction of $634,977.44. Following the sale, the director owned 855 shares in the company, valued at approximately $189,562.05. The trade was a 77.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 4.40% of the company’s stock.

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.