UFP Technologies, Inc. (NASDAQ:UFPT) Shares Purchased by Knights of Columbus Asset Advisors LLC

Knights of Columbus Asset Advisors LLC raised its position in UFP Technologies, Inc. (NASDAQ:UFPT) by 99.8% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 26,130 shares of the industrial products company’s stock after purchasing an additional 13,050 shares during the period. Knights of Columbus Asset Advisors LLC’s holdings in UFP Technologies were worth $4,495,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in UFPT. BlackRock Inc. lifted its stake in UFP Technologies by 131.0% in the second quarter. BlackRock Inc. now owns 1,069,252 shares of the industrial products company’s stock valued at $207,274,000 after buying an additional 606,378 shares during the last quarter. Neuberger Berman Group LLC lifted its stake in UFP Technologies by 94.1% in the first quarter. Neuberger Berman Group LLC now owns 451,794 shares of the industrial products company’s stock valued at $29,895,000 after buying an additional 219,009 shares during the last quarter. State Street Corp lifted its stake in UFP Technologies by 42.0% in the second quarter. State Street Corp now owns 296,655 shares of the industrial products company’s stock valued at $57,507,000 after buying an additional 87,756 shares during the last quarter. Mountain Pacific Investment Advisers Inc. ID purchased a new stake in UFP Technologies in the third quarter valued at approximately $7,781,000. Finally, Morgan Stanley lifted its stake in UFP Technologies by 91.6% in the fourth quarter. Morgan Stanley now owns 87,823 shares of the industrial products company’s stock valued at $10,353,000 after buying an additional 41,990 shares during the last quarter. Hedge funds and other institutional investors own 87.28% of the company’s stock.

UFP Technologies Price Performance

UFP Technologies stock opened at $207.92 on Friday. UFP Technologies, Inc. has a 12 month low of $127.29 and a 12 month high of $257.29. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.48 and a quick ratio of 1.28. The business has a 50 day simple moving average of $218.14 and a 200-day simple moving average of $182.80. The stock has a market capitalization of $1.59 billion, a PE ratio of 35.54 and a beta of 0.83.

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

Analysts Set New Price Targets

UFPT has been the subject of a number of research reports. StockNews.com upgraded UFP Technologies from a “sell” rating to a “hold” rating in a research note on Thursday, February 22nd. CJS Securities assumed coverage on UFP Technologies in a research note on Wednesday, March 20th. They set an “outperform” rating and a $255.00 price target for the company. Finally, KeyCorp assumed coverage on UFP Technologies in a research note on Tuesday, February 6th. They set a “sector weight” rating for the company.

Insider Buying and Selling

In related news, CEO R Jeffrey Bailly sold 27,090 shares of the company’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $209.48, for a total transaction of $5,674,813.20. The sale was disclosed in a document filed with the SEC, which is available at this link. In other UFP Technologies news, VP Steve Cardin sold 311 shares of the company’s 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 sale, the vice president now owns 5,643 shares of the company’s stock, valued at $1,108,849.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO R Jeffrey Bailly sold 27,090 shares of the company’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $209.48, for a total value of $5,674,813.20. The disclosure for this sale can be found here. Insiders have sold 31,125 shares of company stock valued at $6,511,420 over the last quarter. Company insiders own 7.80% of the company’s stock.

About UFP Technologies

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.