UFP Technologies, Inc. $UFPT Shares Purchased by Mountain Pacific Investment Advisers LLC

Mountain Pacific Investment Advisers LLC boosted its holdings in UFP Technologies, Inc. (NASDAQ:UFPT) by 4.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 98,910 shares of the industrial products company’s stock after purchasing an additional 4,332 shares during the quarter. UFP Technologies makes up 1.8% of Mountain Pacific Investment Advisers LLC’s portfolio, making the stock its 25th biggest holding. Mountain Pacific Investment Advisers LLC’s holdings in UFP Technologies were worth $24,150,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. GAMMA Investing LLC increased its position in shares of UFP Technologies by 37.6% in the second quarter. GAMMA Investing LLC now owns 183 shares of the industrial products company’s stock worth $45,000 after acquiring an additional 50 shares in the last quarter. Comerica Bank boosted its position in UFP Technologies by 2.1% during the 1st quarter. Comerica Bank now owns 2,862 shares of the industrial products company’s stock worth $577,000 after purchasing an additional 58 shares during the period. Alliance Wealth Advisors LLC UT increased its holdings in UFP Technologies by 2.0% in the 1st quarter. Alliance Wealth Advisors LLC UT now owns 3,088 shares of the industrial products company’s stock valued at $623,000 after purchasing an additional 62 shares in the last quarter. Kestra Private Wealth Services LLC increased its holdings in UFP Technologies by 4.0% in the 1st quarter. Kestra Private Wealth Services LLC now owns 2,108 shares of the industrial products company’s stock valued at $425,000 after purchasing an additional 82 shares in the last quarter. Finally, State of Wyoming raised its position in UFP Technologies by 34.7% in the first quarter. State of Wyoming now owns 365 shares of the industrial products company’s stock valued at $74,000 after purchasing an additional 94 shares during the period. 87.28% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Lake Street Capital upped their target price on UFP Technologies from $252.00 to $289.00 and gave the stock a “buy” rating in a research report on Wednesday, August 6th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $289.00.

UFP Technologies Stock Performance

NASDAQ:UFPT opened at $199.56 on Thursday. The firm has a 50-day moving average of $212.88 and a two-hundred day moving average of $221.19. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.77 and a quick ratio of 1.53. The stock has a market cap of $1.54 billion, a P/E ratio of 23.12 and a beta of 1.19. UFP Technologies, Inc. has a 1-year low of $178.26 and a 1-year high of $354.22.

UFP Technologies (NASDAQ:UFPT) last issued its quarterly earnings results on Monday, August 4th. The industrial products company reported $2.50 EPS for the quarter, beating analysts’ consensus estimates of $2.25 by $0.25. UFP Technologies had a return on equity of 21.54% and a net margin of 11.40%.The firm had revenue of $151.18 million during the quarter, compared to the consensus estimate of $151.55 million. During the same quarter in the prior year, the business posted $1.86 earnings per share. UFP Technologies’s revenue for the quarter was up 37.2% on a year-over-year basis.

UFP Technologies Profile

UFP Technologies, Inc designs and manufactures solutions for medical devices, sterile packaging, and other highly engineered custom products. The company offers protective drapes for robotic surgery, single patient use surfaces, advanced wound care, infection prevention, disposables for surgical and endoscopic procedures, packaging for medical devices, orthopedic implants, biopharma drug manufacturing, and coils for catheters; and molded components for applications in acoustic insulation, interior trim, load floors, sunshades, SUV cargo cover handles, driveshaft damping, engine and manifold covers, quarter panels, and wheel liners.