Diversify Wealth Management LLC Acquires 4,791 Shares of UFP Technologies, Inc. $UFPT

Diversify Wealth Management LLC lifted its holdings in UFP Technologies, Inc. (NASDAQ:UFPT) by 109.4% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 9,171 shares of the industrial products company’s stock after purchasing an additional 4,791 shares during the quarter. Diversify Wealth Management LLC’s holdings in UFP Technologies were worth $1,701,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of UFPT. Carnegie Investment Counsel lifted its stake in UFP Technologies by 4.8% in the first quarter. Carnegie Investment Counsel now owns 2,064 shares of the industrial products company’s stock valued at $400,000 after buying an additional 94 shares in the last quarter. Fifth Third Bancorp boosted its holdings in shares of UFP Technologies by 10,652.4% in the first quarter. Fifth Third Bancorp now owns 2,258 shares of the industrial products company’s stock valued at $437,000 after buying an additional 2,237 shares during the period. Peterson Wealth Services increased its position in shares of UFP Technologies by 5.5% during the first quarter. Peterson Wealth Services now owns 3,219 shares of the industrial products company’s stock worth $623,000 after acquiring an additional 168 shares in the last quarter. Isthmus Partners LLC bought a new stake in shares of UFP Technologies during the first quarter worth $1,679,000. Finally, Personal CFO Solutions LLC raised its holdings in shares of UFP Technologies by 9.6% during the first quarter. Personal CFO Solutions LLC now owns 1,634 shares of the industrial products company’s stock worth $316,000 after acquiring an additional 143 shares during the period. 87.28% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Daniel C. Croteau sold 2,864 shares of the business’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $221.71, for a total value of $634,977.44. Following the sale, the director owned 855 shares of the company’s stock, valued at $189,562.05. The trade was a 77.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Cynthia L. Feldmann sold 1,200 shares of the stock in a transaction on Friday, June 12th. The stock was sold at an average price of $239.29, for a total transaction of $287,148.00. Following the transaction, the director owned 5,476 shares of the company’s stock, valued at $1,310,352.04. The trade was a 17.97% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 4.59% of the company’s stock.

UFP Technologies Trading Down 3.0%

NASDAQ UFPT opened at $230.11 on Wednesday. The stock has a market capitalization of $1.78 billion, a price-to-earnings ratio of 26.12 and a beta of 1.07. The stock’s 50 day moving average price is $235.16 and its two-hundred day moving average price is $227.57. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.69 and a current ratio of 2.91. UFP Technologies, Inc. has a 52 week low of $173.86 and a 52 week high of $279.49.

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 firm had revenue of $154.20 million during 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 business’s revenue was up 4.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.47 EPS. As a group, analysts anticipate that UFP Technologies, Inc. will post 10.23 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently commented on UFPT shares. Wall Street Zen raised shares of 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 report on Friday, May 29th. One investment 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, UFP Technologies has an average rating of “Hold” and a consensus target price of $289.00.

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.