Illinois Municipal Retirement Fund purchased a new position in shares of UFP Technologies, Inc. (NASDAQ:UFPT – Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 3,942 shares of the industrial products company’s stock, valued at approximately $763,000. Illinois Municipal Retirement Fund owned 0.05% of UFP Technologies as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors also recently modified their holdings of the business. Global Retirement Partners LLC acquired a new stake in UFP Technologies in the fourth quarter valued at $28,000. Smartleaf Asset Management LLC lifted its holdings in UFP Technologies by 1,500.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 176 shares of the industrial products company’s stock worth $41,000 after buying an additional 165 shares during the period. Canada Pension Plan Investment Board bought a new stake in shares of UFP Technologies in the 2nd quarter valued at about $49,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of UFP Technologies in the 3rd quarter valued at about $51,000. Finally, PNC Financial Services Group Inc. increased its stake in shares of UFP Technologies by 66.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 236 shares of the industrial products company’s stock valued at $52,000 after buying an additional 94 shares during the period. Institutional investors own 87.28% of the company’s stock.
Analysts Set New Price Targets
A number of equities analysts have recently issued reports on the company. Weiss Ratings restated a “hold (c)” rating on shares of UFP Technologies in a research report on Friday, May 29th. Wall Street Zen upgraded UFP Technologies from a “sell” rating to a “hold” rating in a report on Saturday, March 28th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $289.00.
UFP Technologies Price Performance
UFPT stock opened at $236.21 on Friday. The company has a quick ratio of 1.69, a current ratio of 2.91 and a debt-to-equity ratio of 0.32. The firm has a market cap of $1.83 billion, a price-to-earnings ratio of 26.81 and a beta of 1.07. The company’s fifty day simple moving average is $238.27 and its 200 day simple moving average is $228.25. UFP Technologies, Inc. has a 12-month low of $173.86 and a 12-month high of $279.49.
UFP Technologies (NASDAQ:UFPT – Get Free Report) last issued its quarterly earnings results on Monday, May 4th. The industrial products company reported $2.48 earnings per share for the quarter, topping analysts’ consensus estimates of $2.18 by $0.30. UFP Technologies had a return on equity of 18.47% and a net margin of 11.27%.The firm had revenue of $154.20 million during the quarter, compared to the consensus estimate of $154.78 million. During the same period last year, the business posted $2.47 EPS. The business’s revenue was up 4.1% compared to the same quarter last year. On average, analysts expect that UFP Technologies, Inc. will post 10.23 earnings per share for the current year.
Insider Activity
In other UFP Technologies news, Director Daniel C. Croteau sold 2,864 shares of UFP Technologies stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $221.71, for a total value of $634,977.44. Following the completion of the sale, the director directly owned 855 shares in the company, valued at approximately $189,562.05. The trade was a 77.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Cynthia L. Feldmann sold 1,200 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $239.29, for a total value of $287,148.00. Following the completion of the transaction, the director directly owned 5,476 shares in the company, valued at approximately $1,310,352.04. This trade represents a 17.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 4.59% of the stock is owned by corporate insiders.
UFP Technologies Profile
UFP Technologies, Inc (NASDAQ: UFPT) is a global designer and manufacturer of custom-engineered products using plastics, foams and adhesives. The company partners with customers to develop application-specific solutions through a range of in-house processes, including foam fabrication, die cutting, sheet processing, lamination, machining and assembly services. Its components find use in industries requiring precise material properties, such as medical devices, aerospace, defense, electronics and transportation.
Building on its origins as a specialty foam converter, UFP Technologies has expanded its capabilities to include advanced material technologies, such as thermal management and electromagnetic interference (EMI) shielding solutions.
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