Rice Hall James & Associates LLC Grows Stock Holdings in UFP Technologies, Inc. $UFPT

Rice Hall James & Associates LLC lifted its holdings in UFP Technologies, Inc. (NASDAQ:UFPT) by 110.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,211 shares of the industrial products company’s stock after acquiring an additional 11,111 shares during the period. Rice Hall James & Associates LLC’s holdings in UFP Technologies were worth $4,106,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Public Employees Retirement System of Ohio boosted its position in UFP Technologies by 13.6% during the 1st quarter. Public Employees Retirement System of Ohio now owns 20,779 shares of the industrial products company’s stock worth $4,023,000 after purchasing an additional 2,485 shares during the period. Gibbs Wealth Management raised its position in UFP Technologies by 99.6% in the first quarter. Gibbs Wealth Management now owns 6,965 shares of the industrial products company’s stock valued at $1,348,000 after purchasing an additional 3,476 shares during the period. Sei Investments Co. raised its position in UFP Technologies by 144.7% in the first quarter. Sei Investments Co. now owns 26,305 shares of the industrial products company’s stock valued at $5,093,000 after purchasing an additional 15,553 shares during the period. State of Wyoming lifted its stake in shares of UFP Technologies by 65.6% during the first quarter. State of Wyoming now owns 732 shares of the industrial products company’s stock worth $142,000 after purchasing an additional 290 shares in the last quarter. Finally, First Trust Advisors LP lifted its stake in shares of UFP Technologies by 160.0% during the first quarter. First Trust Advisors LP now owns 27,941 shares of the industrial products company’s stock worth $5,409,000 after purchasing an additional 17,195 shares in the last quarter. Hedge funds and other institutional investors own 87.28% of the company’s stock.

Insider Activity

In related news, Director Cynthia L. Feldmann sold 1,200 shares of the business’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $239.29, for a total value of $287,148.00. Following the transaction, the director owned 5,476 shares in the company, valued at approximately $1,310,352.04. The trade was a 17.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Daniel C. Croteau sold 2,864 shares of the stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $221.71, for a total value of $634,977.44. Following the completion of the transaction, the director directly owned 855 shares of the company’s stock, valued at $189,562.05. This represents a 77.01% decrease in their position. The disclosure for this sale is available in the SEC filing. 4.59% of the stock is owned by company insiders.

Analysts Set New Price Targets

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

UFP Technologies Price Performance

UFPT opened at $237.20 on Friday. The company has a fifty day simple moving average of $238.73 and a 200 day simple moving average of $228.32. The firm has a market cap of $1.84 billion, a price-to-earnings ratio of 26.92 and a beta of 1.07. UFP Technologies, Inc. has a twelve month low of $173.86 and a twelve month high of $279.49. The company has a current ratio of 2.91, a quick ratio of 1.69 and a debt-to-equity ratio of 0.32.

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

UFP Technologies Company 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.