UFP Technologies, Inc. $UFPT Shares Bought by Ashford Capital Management Inc.

Ashford Capital Management Inc. grew its position in shares of UFP Technologies, Inc. (NASDAQ:UFPT) by 27.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 96,660 shares of the industrial products company’s stock after acquiring an additional 21,050 shares during the quarter. UFP Technologies comprises 2.4% of Ashford Capital Management Inc.’s portfolio, making the stock its 12th biggest position. Ashford Capital Management Inc.’s holdings in UFP Technologies were worth $21,461,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wasatch Advisors LP boosted its position in shares of UFP Technologies by 14.6% in the fourth quarter. Wasatch Advisors LP now owns 736,027 shares of the industrial products company’s stock worth $163,420,000 after buying an additional 93,640 shares during the period. Vanguard Group Inc. boosted its position in shares of UFP Technologies by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 533,578 shares of the industrial products company’s stock worth $118,470,000 after buying an additional 5,957 shares during the period. Congress Asset Management Co. boosted its position in shares of UFP Technologies by 32.4% in the fourth quarter. Congress Asset Management Co. now owns 441,122 shares of the industrial products company’s stock worth $97,942,000 after buying an additional 107,908 shares during the period. State Street Corp boosted its position in shares of UFP Technologies by 0.3% in the fourth quarter. State Street Corp now owns 289,775 shares of the industrial products company’s stock worth $64,339,000 after buying an additional 961 shares during the period. Finally, Thrivent Financial for Lutherans boosted its position in shares of UFP Technologies by 892.3% in the fourth quarter. Thrivent Financial for Lutherans now owns 248,125 shares of the industrial products company’s stock worth $55,091,000 after buying an additional 223,121 shares during the period. 87.28% of the stock is currently owned by institutional investors and hedge funds.

UFP Technologies Trading Down 0.6%

Shares of UFPT opened at $232.20 on Wednesday. The company has a market capitalization of $1.80 billion, a P/E ratio of 26.36 and a beta of 1.11. UFP Technologies, Inc. has a one year low of $173.86 and a one year 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. The stock has a 50-day moving average price of $214.13 and a 200 day moving average price of $223.47.

UFP Technologies (NASDAQ:UFPT) last released its earnings results on Monday, May 4th. The industrial products company reported $2.48 EPS for the quarter, topping analysts’ consensus estimates of $2.18 by $0.30. UFP Technologies had a return on equity of 18.47% and a net margin of 11.27%.The company had revenue of $154.20 million for the quarter, compared to the consensus estimate of $154.78 million. During the same quarter last year, the business posted $2.47 EPS. UFP Technologies’s quarterly revenue was up 4.1% compared to the same quarter last year. Sell-side analysts forecast that UFP Technologies, Inc. will post 10.23 EPS for the current fiscal year.

Analysts Set New Price Targets

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

Insider Buying and Selling

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

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.