Teacher Retirement System of Texas Has $653,000 Stock Holdings in UFP Technologies, Inc. $UFPT

Teacher Retirement System of Texas decreased its position in shares of UFP Technologies, Inc. (NASDAQ:UFPT) by 22.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,674 shares of the industrial products company’s stock after selling 756 shares during the quarter. Teacher Retirement System of Texas’ holdings in UFP Technologies were worth $653,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Congress Asset Management Co. raised its holdings in UFP Technologies by 5.8% in the second quarter. Congress Asset Management Co. now owns 327,433 shares of the industrial products company’s stock worth $79,946,000 after purchasing an additional 18,038 shares during the period. American Century Companies Inc. increased its position in shares of UFP Technologies by 1,858.2% in the 1st quarter. American Century Companies Inc. now owns 287,588 shares of the industrial products company’s stock valued at $58,010,000 after buying an additional 272,902 shares in the last quarter. Boston Trust Walden Corp raised its stake in UFP Technologies by 19.3% during the 2nd quarter. Boston Trust Walden Corp now owns 255,377 shares of the industrial products company’s stock worth $62,353,000 after buying an additional 41,230 shares during the period. Invesco Ltd. lifted its holdings in UFP Technologies by 1.9% during the first quarter. Invesco Ltd. now owns 178,174 shares of the industrial products company’s stock worth $35,939,000 after acquiring an additional 3,313 shares in the last quarter. Finally, Swedbank AB lifted its holdings in UFP Technologies by 18.5% during the second quarter. Swedbank AB now owns 160,000 shares of the industrial products company’s stock worth $39,066,000 after acquiring an additional 25,000 shares in the last quarter. Institutional investors own 87.28% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on UFPT shares. Weiss Ratings restated a “hold (c)” rating on shares of UFP Technologies in a report on Wednesday, October 8th. Lake Street Capital boosted their price objective on UFP Technologies from $252.00 to $289.00 and gave the company a “buy” rating in a research report on Wednesday, August 6th. One research analyst has rated the stock with a Buy rating and two have given 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 Stock Performance

UFPT opened at $226.11 on Friday. The company has a market capitalization of $1.74 billion, a price-to-earnings ratio of 26.20 and a beta of 1.16. The business’s 50-day moving average price is $201.03 and its two-hundred day moving average price is $220.60. UFP Technologies, Inc. has a 1 year low of $178.26 and a 1 year high of $354.22. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.77 and a quick ratio of 1.53.

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