UFP Technologies, Inc. (NASDAQ:UFPT) Shares Sold by Laurus Investment Counsel Inc.

Laurus Investment Counsel Inc. decreased its holdings in shares of UFP Technologies, Inc. (NASDAQ:UFPT) by 7.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,350 shares of the industrial products company’s stock after selling 1,100 shares during the period. UFP Technologies makes up about 1.1% of Laurus Investment Counsel Inc.’s holdings, making the stock its 25th biggest position. Laurus Investment Counsel Inc. owned approximately 0.17% of UFP Technologies worth $2,297,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. BlackRock Inc. increased its position in UFP Technologies by 131.0% during the 2nd quarter. BlackRock Inc. now owns 1,069,252 shares of the industrial products company’s stock worth $207,274,000 after purchasing an additional 606,378 shares during the period. Vanguard Group Inc. grew its holdings in shares of UFP Technologies by 2.5% in the 3rd quarter. Vanguard Group Inc. now owns 507,531 shares of the industrial products company’s stock worth $81,941,000 after acquiring an additional 12,420 shares during the period. Neuberger Berman Group LLC grew its holdings in shares of UFP Technologies by 94.1% in the 1st quarter. Neuberger Berman Group LLC now owns 451,794 shares of the industrial products company’s stock worth $29,895,000 after acquiring an additional 219,009 shares during the period. State Street Corp grew its holdings in shares of UFP Technologies by 42.0% in the 2nd quarter. State Street Corp now owns 296,655 shares of the industrial products company’s stock worth $57,507,000 after acquiring an additional 87,756 shares during the period. Finally, Wellington Management Group LLP grew its holdings in shares of UFP Technologies by 6.5% in the 1st quarter. Wellington Management Group LLP now owns 219,674 shares of the industrial products company’s stock worth $14,536,000 after acquiring an additional 13,479 shares during the period. Institutional investors and hedge funds own 87.28% of the company’s stock.

UFP Technologies Trading Up 4.8 %

Shares of UFP Technologies stock opened at $252.15 on Thursday. UFP Technologies, Inc. has a fifty-two week low of $122.80 and a fifty-two week high of $257.29. The firm has a market cap of $1.93 billion, a PE ratio of 43.10 and a beta of 0.81. The business’s fifty day moving average is $194.32 and its two-hundred day moving average is $173.49. The company has a quick ratio of 1.28, a current ratio of 2.48 and a debt-to-equity ratio of 0.10.

UFP Technologies (NASDAQ:UFPT) last issued its quarterly earnings results on Wednesday, February 21st. The industrial products company reported $1.53 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.41. UFP Technologies had a return on equity of 25.48% and a net margin of 11.23%. The company had revenue of $101.50 million for the quarter, compared to analyst estimates of $94.80 million. Analysts anticipate that UFP Technologies, Inc. will post 6.19 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. KeyCorp assumed coverage on UFP Technologies in a report on Tuesday, February 6th. They issued a “sector weight” rating on the stock. CJS Securities began coverage on UFP Technologies in a research note on Wednesday, March 20th. They issued an “outperform” rating and a $255.00 target price on the stock. Finally, StockNews.com raised UFP Technologies from a “sell” rating to a “hold” rating in a research note on Thursday, February 22nd.

Insider Buying and Selling

In related news, VP Steve Cardin sold 311 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $196.50, for a total value of $61,111.50. Following the transaction, the vice president now directly owns 5,643 shares of the company’s stock, valued at approximately $1,108,849.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, Director Cynthia L. Feldmann sold 1,724 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $207.77, for a total transaction of $358,195.48. Following the completion of the sale, the director now directly owns 4,466 shares in the company, valued at $927,900.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Steve Cardin sold 311 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $196.50, for a total value of $61,111.50. Following the sale, the vice president now owns 5,643 shares of the company’s stock, valued at $1,108,849.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 31,125 shares of company stock valued at $6,511,420. 7.80% of the stock is currently owned by company insiders.

UFP Technologies Profile

UFP Technologies, Inc designs and manufactures solutions for medical devices, sterile packaging, and other highly engineered custom products. The company offers protective drapes for robotic surgery, single patient use surfaces, advanced wound care, infection prevention, disposables for surgical and endoscopic procedures, packaging for medical devices, orthopedic implants, biopharma drug manufacturing, and coils for catheters; and molded components for applications in acoustic insulation, interior trim, load floors, sunshades, SUV cargo cover handles, driveshaft damping, engine and manifold covers, quarter panels, and wheel liners.