22,700 Shares in UFP Technologies, Inc. $UFPT Acquired by Punch & Associates Investment Management Inc.

Punch & Associates Investment Management Inc. acquired a new stake in shares of UFP Technologies, Inc. (NASDAQ:UFPT) during the second quarter, Holdings Channel.com reports. The fund acquired 22,700 shares of the industrial products company’s stock, valued at approximately $6,018,000.

Several other large investors have also recently added to or reduced their stakes in UFPT. BlackRock Inc. purchased a new stake in UFP Technologies in the 2nd quarter worth approximately $302,622,000. Thrivent Financial for Lutherans grew its holdings in shares of UFP Technologies by 892.3% during 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 acquiring an additional 223,121 shares in the last quarter. Wasatch Advisors LP increased its stake in shares of UFP Technologies by 14.6% in the fourth quarter. Wasatch Advisors LP now owns 736,027 shares of the industrial products company’s stock worth $163,420,000 after acquiring an additional 93,640 shares during the last quarter. Neumeier Poma Investment Counsel LLC acquired a new position in shares of UFP Technologies in the second quarter worth $22,423,370,000. Finally, Boston Trust Walden Corp raised its holdings in shares of UFP Technologies by 36.3% during the first quarter. Boston Trust Walden Corp now owns 317,072 shares of the industrial products company’s stock worth $61,385,000 after acquiring an additional 84,396 shares in the last quarter. Institutional investors and hedge funds own 87.28% of the company’s stock.

Wall Street Analysts Forecast Growth

UFPT has been the subject of a number of research reports. Wall Street Zen raised UFP Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Weiss Ratings raised UFP Technologies from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, August 5th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

UFP Technologies Trading Up 0.1%

Shares of UFPT stock opened at $304.57 on Thursday. UFP Technologies, Inc. has a 12 month low of $173.86 and a 12 month high of $338.71. The company has a market cap of $2.36 billion, a PE ratio of 32.82 and a beta of 1.08. The company has a quick ratio of 1.72, a current ratio of 3.00 and a debt-to-equity ratio of 0.26. The business’s 50 day moving average is $272.80 and its two-hundred day moving average is $235.51.

UFP Technologies (NASDAQ:UFPT) last posted its quarterly earnings data on Monday, August 3rd. The industrial products company reported $2.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.31 by $0.61. UFP Technologies had a net margin of 11.45% and a return on equity of 18.42%. The business had revenue of $173.96 million during the quarter, compared to the consensus estimate of $159.38 million. Equities analysts predict that UFP Technologies, Inc. will post 10.54 EPS for the current year.

Insiders Place Their Bets

In related news, Chairman R Jeffrey Bailly sold 10,682 shares of the stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $318.63, for a total transaction of $3,403,605.66. Following the completion of the sale, the chairman owned 18,024 shares in the company, valued at $5,742,987.12. This represents a 37.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Symeria Hudson sold 1,926 shares of the firm’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $324.58, for a total value of $625,141.08. Following the completion of the sale, the director directly owned 1,225 shares in the company, valued at $397,610.50. This trade represents a 61.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 20,119 shares of company stock valued at $6,328,732 in the last quarter. Insiders own 4.59% 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.