Inspire Investing LLC Has $393,000 Holdings in UFP Technologies, Inc. $UFPT

Inspire Investing LLC lessened its position in shares of UFP Technologies, Inc. (NASDAQ:UFPT) by 6.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,608 shares of the industrial products company’s stock after selling 104 shares during the quarter. Inspire Investing LLC’s holdings in UFP Technologies were worth $393,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of UFPT. Farther Finance Advisors LLC grew its holdings in shares of UFP Technologies by 422.5% during the 1st quarter. Farther Finance Advisors LLC now owns 1,186 shares of the industrial products company’s stock worth $242,000 after purchasing an additional 959 shares in the last quarter. SG Americas Securities LLC boosted its stake in UFP Technologies by 80.2% in the first quarter. SG Americas Securities LLC now owns 4,001 shares of the industrial products company’s stock worth $807,000 after purchasing an additional 1,781 shares in the last quarter. Mountain Pacific Investment Advisers LLC boosted its stake in UFP Technologies by 1.4% in the first quarter. Mountain Pacific Investment Advisers LLC now owns 94,578 shares of the industrial products company’s stock worth $19,077,000 after purchasing an additional 1,262 shares in the last quarter. Boston Trust Walden Corp raised its position in shares of UFP Technologies by 98.4% during the first quarter. Boston Trust Walden Corp now owns 214,147 shares of the industrial products company’s stock worth $43,196,000 after acquiring an additional 106,197 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its position in shares of UFP Technologies by 25.8% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 1,033 shares of the industrial products company’s stock worth $208,000 after acquiring an additional 212 shares during the last quarter. Institutional investors and hedge funds own 87.28% of the company’s stock.

UFP Technologies Stock Up 2.2%

NASDAQ:UFPT opened at $195.46 on Tuesday. UFP Technologies, Inc. has a 1 year low of $178.26 and a 1 year high of $354.22. The company has a current ratio of 2.77, a quick ratio of 1.53 and a debt-to-equity ratio of 0.39. The stock has a market cap of $1.51 billion, a price-to-earnings ratio of 22.65 and a beta of 1.19. The stock has a 50-day moving average price of $206.75 and a two-hundred day moving average price of $220.71.

UFP Technologies (NASDAQ:UFPT) last posted its earnings results on Thursday, November 9th. The industrial products company reported $1.37 earnings per share (EPS) for the quarter. UFP Technologies had a return on equity of 21.54% and a net margin of 11.40%.The firm had revenue of $96.97 million during the quarter.

Analysts Set New Price Targets

UFPT has been the subject of a number of recent analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of UFP Technologies in a report on Wednesday, October 8th. Lake Street Capital upped their price objective on UFP Technologies from $252.00 to $289.00 and gave the company a “buy” rating in a report on Wednesday, August 6th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, UFP Technologies has a consensus rating of “Hold” and a consensus target price of $289.00.

UFP Technologies Company 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.