Neumeier Poma Investment Counsel LLC Purchases New Shares in UFP Technologies, Inc. $UFPT

Neumeier Poma Investment Counsel LLC purchased a new stake in shares of UFP Technologies, Inc. (NASDAQ:UFPT) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 52,120 shares of the industrial products company’s stock, valued at approximately $11,572,000. Neumeier Poma Investment Counsel LLC owned approximately 0.68% of UFP Technologies as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in UFPT. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in UFP Technologies by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,327 shares of the industrial products company’s stock worth $873,000 after acquiring an additional 190 shares in the last quarter. Millennium Management LLC boosted its holdings in UFP Technologies by 123.1% in the first quarter. Millennium Management LLC now owns 93,773 shares of the industrial products company’s stock worth $18,915,000 after acquiring an additional 51,741 shares in the last quarter. Jones Financial Companies Lllp bought a new stake in UFP Technologies in the first quarter worth $172,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in UFP Technologies by 11.5% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 12,856 shares of the industrial products company’s stock worth $2,593,000 after acquiring an additional 1,327 shares in the last quarter. Finally, Jane Street Group LLC boosted its holdings in UFP Technologies by 383.0% in the first quarter. Jane Street Group LLC now owns 23,605 shares of the industrial products company’s stock worth $4,761,000 after acquiring an additional 18,718 shares in the last quarter. 87.28% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Weiss Ratings reissued a “hold (c)” rating on shares of UFP Technologies in a report on Friday, May 29th. Wall Street Zen raised UFP Technologies from a “sell” rating to a “hold” rating in a report on Saturday, March 28th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $289.00.

UFP Technologies Price Performance

Shares of UFPT opened at $224.51 on Friday. The firm has a market cap of $1.74 billion, a PE ratio of 25.48 and a beta of 1.11. The company has a current ratio of 2.91, a quick ratio of 1.69 and a debt-to-equity ratio of 0.32. UFP Technologies, Inc. has a 1-year low of $173.86 and a 1-year high of $274.93. The firm has a fifty day simple moving average of $207.57 and a two-hundred day simple moving average of $222.86.

UFP Technologies (NASDAQ:UFPT) last posted its quarterly earnings data on Monday, May 4th. The industrial products company reported $2.48 EPS for the quarter, beating analysts’ consensus estimates of $2.18 by $0.30. The company had revenue of $154.20 million during the quarter, compared to analysts’ expectations of $154.78 million. UFP Technologies had a return on equity of 18.47% and a net margin of 11.27%.UFP Technologies’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.47 earnings per share. On average, equities analysts anticipate that UFP Technologies, Inc. will post 10.23 EPS for the current year.

Insider Buying and Selling

In related news, Director Daniel C. Croteau sold 2,864 shares of the company’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $221.71, for a total transaction of $634,977.44. Following the completion of the sale, the director owned 855 shares in the company, valued at approximately $189,562.05. This represents a 77.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 4.40% of the company’s stock.

UFP Technologies Company 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.