California State Teachers Retirement System acquired a new position in UFP Technologies Inc. (NASDAQ:UFPT) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 13,438 shares of the company’s stock, valued at approximately $303,000. California State Teachers Retirement System owned about 0.19% of UFP Technologies as of its most recent filing with the SEC.
A number of other large investors have also made changes to their positions in the company. Bank of New York Mellon Corp boosted its stake in shares of UFP Technologies by 171.3% in the second quarter. Bank of New York Mellon Corp now owns 39,529 shares of the company’s stock worth $890,000 after buying an additional 24,960 shares during the period. Thomson Horstmann & Bryant Inc. boosted its stake in shares of UFP Technologies by 12.8% in the second quarter. Thomson Horstmann & Bryant Inc. now owns 317,104 shares of the company’s stock worth $7,147,000 after buying an additional 36,040 shares during the period. Renaissance Technologies LLC boosted its stake in shares of UFP Technologies by 2.4% in the first quarter. Renaissance Technologies LLC now owns 515,100 shares of the company’s stock worth $11,471,000 after buying an additional 12,300 shares during the period. Finally, Geode Capital Management LLC boosted its stake in shares of UFP Technologies by 2.9% in the first quarter. Geode Capital Management LLC now owns 29,300 shares of the company’s stock worth $652,000 after buying an additional 817 shares during the period. Institutional investors and hedge funds own 65.68% of the company’s stock.
UFP Technologies Inc. (NASDAQ:UFPT) traded down 1.33% during midday trading on Tuesday, hitting $25.95. 26,095 shares of the stock were exchanged. The company has a market cap of $186.66 million, a PE ratio of 25.19 and a beta of 0.54. The firm’s 50 day moving average price is $26.04 and its 200 day moving average price is $23.66. UFP Technologies Inc. has a 12 month low of $20.40 and a 12 month high of $27.35.
UFP Technologies (NASDAQ:UFPT) last posted its earnings results on Tuesday, August 2nd. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.19. UFP Technologies had a net margin of 5.31% and a return on equity of 7.23%. The firm earned $37.90 million during the quarter, compared to analysts’ expectations of $36.50 million. On average, equities research analysts forecast that UFP Technologies Inc. will post $1.35 earnings per share for the current fiscal year.
A number of equities research analysts have recently commented on UFPT shares. Zacks Investment Research upgraded shares of UFP Technologies from a “hold” rating to a “strong-buy” rating and set a $30.00 price target on the stock in a report on Saturday, September 17th. TheStreet upgraded shares of UFP Technologies from a “hold” rating to a “buy” rating in a report on Friday, August 19th.
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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