Bridge City Capital LLC Sells 9,589 Shares of UFP Technologies, Inc. $UFPT

Bridge City Capital LLC trimmed its stake in UFP Technologies, Inc. (NASDAQ:UFPT) by 36.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,923 shares of the industrial products company’s stock after selling 9,589 shares during the quarter. Bridge City Capital LLC owned 0.22% of UFP Technologies worth $3,757,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC boosted its holdings in UFP Technologies by 60.3% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 166,135 shares of the industrial products company’s stock worth $37,115,000 after acquiring an additional 62,472 shares in the last quarter. Public Sector Pension Investment Board lifted its holdings in shares of UFP Technologies by 20.7% during the third 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 in the last quarter. UBS Group AG lifted its holdings in shares of UFP Technologies by 22.4% during the fourth quarter. UBS Group AG now owns 189,403 shares of the industrial products company’s stock valued at $42,053,000 after purchasing an additional 34,715 shares in the last quarter. Congress Asset Management Co. lifted its holdings in shares of UFP Technologies by 32.4% during the fourth 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 in the last quarter. Finally, First National Bank of Omaha bought a new position in shares of UFP Technologies during the third quarter valued at $2,082,000. 87.28% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Daniel C. Croteau sold 2,864 shares of the firm’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $221.71, for a total transaction of $634,977.44. Following the completion of the sale, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 4.40% of the company’s stock.

UFP Technologies Price Performance

Shares of UFP Technologies stock opened at $234.94 on Friday. The stock has a 50 day moving average of $212.49 and a 200 day moving average of $223.38. UFP Technologies, Inc. has a 12 month low of $173.86 and a 12 month high of $274.93. The firm has a market cap of $1.82 billion, a PE ratio of 26.67 and a beta of 1.11. The company has a current ratio of 2.91, a quick ratio of 1.69 and a debt-to-equity ratio of 0.32.

UFP Technologies (NASDAQ:UFPT) last announced 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. The firm 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%.The company’s quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.47 EPS. On average, research analysts expect that UFP Technologies, Inc. will post 10.23 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on UFPT. 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 research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, UFP Technologies currently has a consensus rating of “Hold” and an average target price of $289.00.

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.