Motley Fool Asset Management LLC Purchases 720 Shares of UFP Technologies, Inc. (NASDAQ:UFPT)

Motley Fool Asset Management LLC raised its position in shares of UFP Technologies, Inc. (NASDAQ:UFPT) by 8.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,960 shares of the industrial products company’s stock after buying an additional 720 shares during the period. Motley Fool Asset Management LLC owned about 0.12% of UFP Technologies worth $1,541,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Federated Hermes Inc. increased its holdings in shares of UFP Technologies by 98.6% in the fourth quarter. Federated Hermes Inc. now owns 147 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 73 shares in the last quarter. DekaBank Deutsche Girozentrale bought a new stake in shares of UFP Technologies during the third quarter worth $87,000. Peterson Wealth Services bought a new position in UFP Technologies in the fourth quarter valued at about $204,000. Mutual of America Capital Management LLC acquired a new stake in UFP Technologies in the fourth quarter worth about $212,000. Finally, CreativeOne Wealth LLC bought a new stake in UFP Technologies during the 3rd quarter worth about $215,000. Institutional investors own 87.28% of the company’s stock.

UFP Technologies Trading Up 1.7 %

Shares of NASDAQ:UFPT traded up $3.60 during mid-day trading on Friday, reaching $213.25. The stock had a trading volume of 40,236 shares, compared to its average volume of 63,355. The firm has a 50 day simple moving average of $220.49 and a two-hundred day simple moving average of $184.13. UFP Technologies, Inc. has a twelve month low of $127.29 and a twelve month high of $257.29. The firm has a market cap of $1.63 billion, a PE ratio of 35.84 and a beta of 0.83. The company has a current ratio of 2.48, a quick ratio of 1.28 and a debt-to-equity ratio of 0.10.

UFP Technologies (NASDAQ:UFPT) last posted its earnings results on Wednesday, February 21st. The industrial products company reported $1.53 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.41. UFP Technologies had a net margin of 11.23% and a return on equity of 25.48%. The company had revenue of $101.50 million for the quarter, compared to analyst estimates of $94.80 million. On average, research analysts predict that UFP Technologies, Inc. will post 6.19 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO R Jeffrey Bailly sold 27,090 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $209.48, for a total value of $5,674,813.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CEO R Jeffrey Bailly sold 27,090 shares of UFP Technologies stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $209.48, for a total value of $5,674,813.20. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Cynthia L. Feldmann sold 1,724 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $207.77, for a total value of $358,195.48. Following the transaction, the director now directly owns 4,466 shares of the company’s stock, valued at approximately $927,900.82. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 31,125 shares of company stock worth $6,511,420. Corporate insiders own 7.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on UFPT shares. KeyCorp initiated coverage on shares of UFP Technologies in a research report on Tuesday, February 6th. They set a “sector weight” rating for the company. CJS Securities assumed coverage on shares of UFP Technologies in a research report on Wednesday, March 20th. They set an “outperform” rating and a $255.00 target price for the company. Finally, StockNews.com upgraded UFP Technologies from a “sell” rating to a “hold” rating in a research report on Thursday, February 22nd.

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.