Millington Financial Advisors LLC Trims Position in UFP Technologies, Inc. $UFPT

Millington Financial Advisors LLC decreased its holdings in shares of UFP Technologies, Inc. (NASDAQ:UFPT) by 9.3% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,451 shares of the industrial products company’s stock after selling 1,172 shares during the quarter. UFP Technologies comprises about 1.4% of Millington Financial Advisors LLC’s investment portfolio, making the stock its 22nd biggest position. Millington Financial Advisors LLC owned about 0.15% of UFP Technologies worth $2,786,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Congress Asset Management Co. increased its position in UFP Technologies by 5.8% during 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 last quarter. American Century Companies Inc. boosted its holdings in shares of UFP Technologies by 13.0% in the 2nd quarter. American Century Companies Inc. now owns 325,047 shares of the industrial products company’s stock valued at $79,364,000 after purchasing an additional 37,459 shares during the last quarter. Boston Trust Walden Corp increased its holdings in shares of 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 last quarter. Geode Capital Management LLC increased its holdings in shares of UFP Technologies by 3.3% during the 2nd quarter. Geode Capital Management LLC now owns 186,090 shares of the industrial products company’s stock worth $45,441,000 after buying an additional 5,917 shares during the last quarter. Finally, Invesco Ltd. raised its position in shares of UFP Technologies by 1.9% in the 1st quarter. Invesco Ltd. now owns 178,174 shares of the industrial products company’s stock worth $35,939,000 after buying an additional 3,313 shares during the period. Hedge funds and other institutional investors own 87.28% of the company’s stock.

Insider Transactions at UFP Technologies

In related news, SVP Christopher P. Litterio sold 1,829 shares of the stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $227.20, for a total value of $415,548.80. Following the sale, the senior vice president owned 10,756 shares of the company’s stock, valued at $2,443,763.20. This trade represents a 14.53% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 4.40% of the stock is owned by corporate insiders.

UFP Technologies Stock Performance

UFP Technologies stock opened at $226.61 on Friday. UFP Technologies, Inc. has a 52 week low of $178.26 and a 52 week high of $327.68. The company has a current ratio of 2.77, a quick ratio of 1.53 and a debt-to-equity ratio of 0.39. The stock has a market cap of $1.75 billion, a P/E ratio of 26.26 and a beta of 1.16. The stock has a 50 day moving average of $207.95 and a 200-day moving average of $221.56.

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

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Weiss Ratings reissued a “hold (c)” rating on shares of UFP Technologies in a research report on Wednesday, October 8th. Wall Street Zen lowered UFP Technologies from a “hold” rating to a “sell” rating in a research report on Friday. Finally, Lake Street Capital increased their price objective on shares of UFP Technologies from $252.00 to $289.00 and gave the company a “buy” rating in a research report on Wednesday, August 6th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, UFP Technologies has a consensus rating of “Hold” and a consensus price target of $289.00.

UFP Technologies 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.