American Century Companies Inc. Sells 71,515 Shares of UFP Technologies, Inc. $UFPT

American Century Companies Inc. lessened its holdings in UFP Technologies, Inc. (NASDAQ:UFPT) by 22.0% during the third quarter, HoldingsChannel reports. The firm owned 253,532 shares of the industrial products company’s stock after selling 71,515 shares during the quarter. American Century Companies Inc.’s holdings in UFP Technologies were worth $50,605,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Nisa Investment Advisors LLC lifted its position in shares of UFP Technologies by 290.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 121 shares of the industrial products company’s stock worth $30,000 after buying an additional 90 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in UFP Technologies by 179.0% during the second quarter. PNC Financial Services Group Inc. now owns 173 shares of the industrial products company’s stock worth $42,000 after acquiring an additional 111 shares in the last quarter. Canada Pension Plan Investment Board acquired a new position in UFP Technologies during the second quarter worth about $49,000. State of Wyoming lifted its holdings in shares of UFP Technologies by 22.7% in the third quarter. State of Wyoming now owns 341 shares of the industrial products company’s stock worth $68,000 after acquiring an additional 63 shares during the last quarter. Finally, Pacer Advisors Inc. acquired a new stake in shares of UFP Technologies in the 3rd quarter valued at approximately $108,000. Institutional investors and hedge funds own 87.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on UFPT. Zacks Research raised shares of UFP Technologies from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 14th. Wall Street Zen lowered shares of UFP Technologies from a “hold” rating to a “sell” rating in a research report on Friday, November 28th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $289.00.

UFP Technologies Trading Down 0.8%

UFPT opened at $202.33 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.68 and a quick ratio of 1.52. UFP Technologies, Inc. has a fifty-two week low of $178.26 and a fifty-two week high of $274.93. The company’s 50 day moving average price is $244.07 and its two-hundred day moving average price is $222.56. The firm has a market capitalization of $1.56 billion, a price-to-earnings ratio of 23.04 and a beta of 1.13.

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

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.