UFP Technologies, Inc. $UFPT Holdings Decreased by Swedbank AB

Swedbank AB reduced its stake in UFP Technologies, Inc. (NASDAQ:UFPT) by 28.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 115,005 shares of the industrial products company’s stock after selling 45,000 shares during the period. Swedbank AB’s holdings in UFP Technologies were worth $22,265,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of UFPT. Global Retirement Partners LLC bought a new position in shares of UFP Technologies during the 4th quarter valued at about $28,000. Smartleaf Asset Management LLC raised its stake in UFP Technologies by 1,500.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 176 shares of the industrial products company’s stock valued at $41,000 after purchasing an additional 165 shares during the period. Canada Pension Plan Investment Board purchased a new stake in UFP Technologies in the 2nd quarter worth about $49,000. Caitong International Asset Management Co. Ltd acquired a new stake in UFP Technologies during the 3rd quarter worth about $51,000. Finally, PNC Financial Services Group Inc. grew its stake in UFP Technologies by 66.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 236 shares of the industrial products company’s stock valued at $52,000 after acquiring an additional 94 shares in the last quarter. Institutional investors and hedge funds own 87.28% of the company’s stock.

Insider Buying and Selling at UFP Technologies

In related news, Director Daniel C. Croteau sold 2,864 shares of UFP Technologies stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $221.71, for a total value of $634,977.44. Following the completion of the sale, the director owned 855 shares of the company’s stock, valued at approximately $189,562.05. The trade was a 77.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Cynthia L. Feldmann sold 1,200 shares of the company’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $239.29, for a total value of $287,148.00. Following the sale, the director owned 5,476 shares of the company’s stock, valued at approximately $1,310,352.04. This trade represents a 17.97% decrease in their position. The SEC filing for this sale provides additional information. 4.59% of the stock is currently owned by insiders.

Analyst Ratings Changes

UFPT has been the subject of a number of research analyst reports. Wall Street Zen raised shares of UFP Technologies from a “sell” rating to a “hold” rating in a research report on Saturday, March 28th. Weiss Ratings reiterated a “hold (c)” rating on shares of UFP Technologies in a research report on Friday, May 29th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $289.00.

UFP Technologies Trading Down 0.7%

Shares of NASDAQ UFPT opened at $249.71 on Friday. The business has a 50 day simple moving average of $232.86 and a 200 day simple moving average of $227.52. UFP Technologies, Inc. has a 52 week low of $173.86 and a 52 week high of $279.49. The stock has a market cap of $1.93 billion, a price-to-earnings ratio of 28.34 and a beta of 1.07. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.69 and a current ratio of 2.91.

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

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.