Public Employees Retirement System of Ohio Buys 2,485 Shares of UFP Technologies, Inc. $UFPT

Public Employees Retirement System of Ohio lifted its stake in UFP Technologies, Inc. (NASDAQ:UFPT) by 13.6% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 20,779 shares of the industrial products company’s stock after acquiring an additional 2,485 shares during the period. Public Employees Retirement System of Ohio’s holdings in UFP Technologies were worth $4,023,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Global Retirement Partners LLC acquired a new position in UFP Technologies during the fourth quarter valued at approximately $28,000. Smartleaf Asset Management LLC lifted its stake in shares of UFP Technologies by 1,500.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 176 shares of the industrial products company’s stock worth $41,000 after buying an additional 165 shares during the last quarter. Canada Pension Plan Investment Board bought a new stake in shares of UFP Technologies during the 2nd quarter worth $49,000. PNC Financial Services Group Inc. boosted its holdings in shares of 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 worth $52,000 after buying an additional 94 shares during the period. Finally, Caitong International Asset Management Co. Ltd acquired a new position in UFP Technologies in the 3rd quarter valued at $51,000. Institutional investors own 87.28% of the company’s stock.

UFP Technologies Stock Performance

Shares of NASDAQ UFPT opened at $255.03 on Friday. UFP Technologies, Inc. has a 12 month low of $173.86 and a 12 month high of $279.49. The company has a market cap of $1.97 billion, a P/E ratio of 28.95 and a beta of 1.07. The business’s 50 day moving average is $241.36 and its two-hundred day moving average is $228.31. The company has a quick ratio of 1.69, a current ratio of 2.91 and a debt-to-equity ratio of 0.32.

UFP Technologies (NASDAQ:UFPT) last posted its quarterly earnings data on Monday, May 4th. The industrial products company reported $2.48 earnings per share for the quarter, beating the consensus estimate 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 period in the prior year, the business earned $2.47 earnings per share. On average, equities analysts expect that UFP Technologies, Inc. will post 10.23 EPS for the current year.

Insider Buying and Selling at UFP Technologies

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

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of UFP Technologies in a 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’s stock. Based on data from MarketBeat.com, UFP Technologies currently has an average rating of “Hold” and an average target price of $289.00.

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.