Fox Run Management L.L.C. Sells 3,764 Shares of UFP Technologies, Inc. $UFPT

Fox Run Management L.L.C. decreased its holdings in UFP Technologies, Inc. (NASDAQ:UFPT) by 78.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,056 shares of the industrial products company’s stock after selling 3,764 shares during the quarter. Fox Run Management L.L.C.’s holdings in UFP Technologies were worth $211,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Illinois Municipal Retirement Fund boosted its position in UFP Technologies by 1.2% during the 3rd quarter. Illinois Municipal Retirement Fund now owns 3,977 shares of the industrial products company’s stock valued at $794,000 after acquiring an additional 49 shares in the last quarter. State of Wyoming boosted its position in shares of UFP Technologies by 22.7% during the third quarter. State of Wyoming now owns 341 shares of the industrial products company’s stock valued at $68,000 after purchasing an additional 63 shares in the last quarter. Anchor Capital Advisors LLC grew its stake in UFP Technologies by 1.6% in the third quarter. Anchor Capital Advisors LLC now owns 4,350 shares of the industrial products company’s stock worth $868,000 after purchasing an additional 70 shares during the period. Bank of Montreal Can raised its holdings in UFP Technologies by 6.7% in the second quarter. Bank of Montreal Can now owns 1,226 shares of the industrial products company’s stock worth $299,000 after purchasing an additional 77 shares in the last quarter. Finally, Portside Wealth Group LLC lifted its position in UFP Technologies by 3.8% during the second quarter. Portside Wealth Group LLC now owns 2,209 shares of the industrial products company’s stock valued at $539,000 after buying an additional 81 shares during the period. 87.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

UFPT has been the topic of a number of recent research reports. Zacks Research raised shares of UFP Technologies from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 14th. Wall Street Zen cut shares of UFP Technologies from a “hold” rating to a “sell” rating in a report on Friday, November 28th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $289.00.

UFP Technologies Price Performance

UFPT opened at $202.91 on Wednesday. The firm has a market cap of $1.56 billion, a PE ratio of 23.11 and a beta of 1.13. The stock has a 50-day moving average price of $245.37 and a 200-day moving average price of $222.83. UFP Technologies, Inc. has a 1 year low of $178.26 and a 1 year high of $274.93. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.68 and a quick ratio of 1.52.

UFP Technologies (NASDAQ:UFPT) last released its quarterly earnings data on Tuesday, February 24th. The industrial products company reported $2.44 earnings per share for the quarter, beating analysts’ consensus estimates of $2.26 by $0.18. The business had revenue of $148.92 million during the quarter, compared to analyst estimates of $149.07 million. UFP Technologies had a net margin of 11.33% and a return on equity of 19.36%. UFP Technologies’s revenue was up 3.4% compared to the same quarter last year. During the same period last year, the business earned $2.10 EPS.

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.