Northwestern Mutual Wealth Management Co. Acquires 6,329 Shares of UFP Technologies, Inc. $UFPT

Northwestern Mutual Wealth Management Co. grew its holdings in UFP Technologies, Inc. (NASDAQ:UFPT) by 286.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,535 shares of the industrial products company’s stock after acquiring an additional 6,329 shares during the period. Northwestern Mutual Wealth Management Co. owned 0.11% of UFP Technologies worth $1,895,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Allspring Global Investments Holdings LLC raised its position in shares of UFP Technologies by 60.3% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 166,135 shares of the industrial products company’s stock valued at $37,115,000 after purchasing an additional 62,472 shares during the period. Public Sector Pension Investment Board raised its position in shares of UFP Technologies by 20.7% during the 3rd quarter. Public Sector Pension Investment Board now owns 30,119 shares of the industrial products company’s stock valued at $6,012,000 after purchasing an additional 5,174 shares during the period. Congress Asset Management Co. raised its position in shares of UFP Technologies by 32.4% during the 4th quarter. Congress Asset Management Co. now owns 441,122 shares of the industrial products company’s stock valued at $97,942,000 after purchasing an additional 107,908 shares during the period. Principal Financial Group Inc. raised its position in shares of UFP Technologies by 7.6% during the 3rd quarter. Principal Financial Group Inc. now owns 45,205 shares of the industrial products company’s stock valued at $9,023,000 after purchasing an additional 3,183 shares during the period. Finally, First National Bank of Omaha bought a new stake in shares of UFP Technologies during the 3rd quarter valued at $2,082,000. 87.28% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Daniel C. Croteau sold 2,864 shares of the firm’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $221.71, for a total transaction of $634,977.44. Following the completion of the transaction, the director directly owned 855 shares of the company’s stock, valued at approximately $189,562.05. This trade represents a 77.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 4.40% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of UFP Technologies from a “sell” rating to a “hold” rating in a research report on Saturday, March 28th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $289.00.

UFP Technologies Stock Performance

UFPT opened at $226.37 on Thursday. The stock has a market capitalization of $1.75 billion, a price-to-earnings ratio of 25.69 and a beta of 1.08. The company has a fifty day moving average of $204.47 and a 200 day moving average of $223.45. UFP Technologies, Inc. has a fifty-two week low of $173.86 and a fifty-two week high of $274.93. 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 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 net margin of 11.27% and a return on equity of 18.47%. UFP Technologies’s quarterly revenue was up 4.1% on a year-over-year basis. During the same period last year, the company posted $2.47 earnings per share. As a group, sell-side analysts forecast that UFP Technologies, Inc. will post 10.23 earnings per share for the current fiscal 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.