1 week Ago By Defense World Staff
Wells Fargo & Company MN lifted its stake in shares of UFP Technologies, Inc. (NASDAQ:UFPT – Free Report) by 24.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission.
The fund owned 8,312 shares of the industrial products company’s stock after purchasing an additional 1,629 shares during the quarter. Wells Fargo & Company MN owned 0.11% of UFP Technologies worth $2,032,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Integrated Quantitative Investments LLC bought a new stake in shares of UFP Technologies in the 4th quarter valued at $1,274,000. Arete Wealth Advisors LLC lifted its holdings in UFP Technologies by 5.
4% during the fourth quarter. Arete Wealth Advisors LLC now owns 958 shares of the industrial products company’s stock worth $233,000 after acquiring an additional 49 shares during the period. Motley Fool Asset Management LLC increased its holdings in UFP Technologies by 10.
4% during the fourth quarter. Motley Fool Asset Management LLC now owns 8,480 shares of the industrial products company’s stock worth $2,073,000 after buying an additional 800 shares during the last quarter. Cynosure Group LLC lifted its stake in UFP Technologies by 133.
5% in the fourth quarter. Cynosure Group LLC now owns 4,822 shares of the industrial products company’s stock valued at $1,179,000 after purchasing an additional 2,757 shares during the last quarter. Finally, Massachusetts Financial Services Co.
MA increased its stake in shares of UFP Technologies by 16.8% in the fourth quarter. Massachusetts Financial Services Co.
MA now owns 103,574 shares of the industrial products company’s stock worth $25,325,000 after purchasing an additional 14,928 shares in the last quarter. Institutional investors own 87.28% of the company’s stock.
Insider Buying and Selling at UFP TechnologiesIn other news, Director Daniel C. Croteau sold 6,846 shares of the firm’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $228.
41, for a total transaction of $1,563,694.86. Following the transaction, the director now owns 1,785 shares in the company, valued at approximately $407,711.
85. This trade represents a 79.32 % decrease in their ownership of the stock.
The sale was disclosed in a filing with the SEC, which is accessible through this link. 6.17% of the stock is currently owned by corporate insiders.
UFP Technologies Stock Down 0.0 %UFPT stock opened at $206.80 on Friday.
The company has a debt-to-equity ratio of 0.64, a current ratio of 2.57 and a quick ratio of 1.
43. The stock has a market capitalization of $1.59 billion, a P/E ratio of 29.
50 and a beta of 1.08. The business has a fifty day moving average price of $213.
99 and a 200-day moving average price of $256.98. UFP Technologies, Inc.
has a 1-year low of $178.26 and a 1-year high of $366.41.
UFP Technologies (NASDAQ:UFPT – Get Free Report) last announced its quarterly earnings data on Tuesday, February 25th. The industrial products company reported $2.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.
01 by $0.45. UFP Technologies had a net margin of 11.
74% and a return on equity of 18.92%. The firm had revenue of $144.
07 million during the quarter, compared to analysts’ expectations of $141.67 million. Analysts Set New Price TargetsA number of equities analysts have recently commented on UFPT shares.
StockNews.com lowered shares of UFP Technologies from a “hold” rating to a “sell” rating in a report on Thursday, January 23rd. Raymond James initiated coverage on UFP Technologies in a research note on Friday, March 28th.
They issued a “market perform” rating on the stock.Get Our Latest Stock Analysis on UFPTAbout UFP Technologies (Free Report)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.
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