New York State Teachers Retirement System Has $464,000 Position in UFP Technologies, Inc. $UFPT

New York State Teachers Retirement System reduced its holdings in UFP Technologies, Inc. (NASDAQ:UFPT) by 5.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,900 shares of the industrial products company’s stock after selling 100 shares during the period. New York State Teachers Retirement System’s holdings in UFP Technologies were worth $464,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. GAMMA Investing LLC boosted its stake in shares of UFP Technologies by 37.6% during the 2nd quarter. GAMMA Investing LLC now owns 183 shares of the industrial products company’s stock worth $45,000 after buying an additional 50 shares during the last quarter. State of Wyoming boosted its stake in shares of UFP Technologies by 34.7% during the 1st quarter. State of Wyoming now owns 365 shares of the industrial products company’s stock worth $74,000 after buying an additional 94 shares during the last quarter. Jones Financial Companies Lllp acquired a new position in shares of UFP Technologies during the 1st quarter worth about $172,000. CreativeOne Wealth LLC acquired a new position in shares of UFP Technologies during the 1st quarter worth about $203,000. Finally, Dakota Wealth Management acquired a new position in shares of UFP Technologies during the 1st quarter worth about $204,000. 87.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

UFP Technologies Stock Up 2.7%

UFP Technologies stock opened at $206.65 on Thursday. UFP Technologies, Inc. has a twelve month low of $178.26 and a twelve month high of $354.22. The company’s 50-day moving average price is $204.00 and its two-hundred day moving average price is $220.37. The stock has a market cap of $1.59 billion, a P/E ratio of 23.95 and a beta of 1.19. The company has a quick ratio of 1.53, a current ratio of 2.77 and a debt-to-equity ratio of 0.39.

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

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.