Motley Fool Wealth Management LLC Invests $5.19 Million in UFP Technologies, Inc. $UFPT

Motley Fool Wealth Management LLC bought a new position in UFP Technologies, Inc. (NASDAQ:UFPT) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 21,273 shares of the industrial products company’s stock, valued at approximately $5,194,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in UFPT. Envestnet Portfolio Solutions Inc. grew its holdings in shares of UFP Technologies by 25.8% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 1,033 shares of the industrial products company’s stock worth $208,000 after purchasing an additional 212 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new position in shares of UFP Technologies in the first quarter worth approximately $2,971,000. Principal Financial Group Inc. grew its holdings in shares of UFP Technologies by 3.0% in the first quarter. Principal Financial Group Inc. now owns 40,274 shares of the industrial products company’s stock worth $8,124,000 after purchasing an additional 1,166 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of UFP Technologies by 261.3% in the first quarter. Envestnet Asset Management Inc. now owns 75,194 shares of the industrial products company’s stock worth $15,167,000 after purchasing an additional 54,382 shares during the last quarter. Finally, Palisades Investment Partners LLC grew its holdings in shares of UFP Technologies by 1.6% in the first quarter. Palisades Investment Partners LLC now owns 35,476 shares of the industrial products company’s stock worth $7,156,000 after purchasing an additional 549 shares during the last quarter. Institutional investors own 87.28% of the company’s stock.

UFP Technologies Stock Performance

Shares of UFPT stock opened at $200.01 on Tuesday. The stock has a fifty day moving average of $202.77 and a 200 day moving average of $220.61. UFP Technologies, Inc. has a 52 week low of $178.26 and a 52 week high of $354.22. The firm has a market capitalization of $1.54 billion, a price-to-earnings ratio of 23.18 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 quarterly earnings data on Thursday, November 9th. The industrial products company reported $1.37 EPS for the quarter. The business had revenue of $96.97 million during the quarter. UFP Technologies had a return on equity of 21.54% and a net margin of 11.40%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Weiss Ratings restated a “hold (c)” rating on shares of UFP Technologies in a report on Wednesday, October 8th. Lake Street Capital raised their price target on UFP Technologies from $252.00 to $289.00 and gave the stock a “buy” rating in a research note on Wednesday, August 6th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $289.00.

About UFP Technologies

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.