UFP Technologies, Inc. (NASDAQ:UFPT) Shares Purchased by Alliance Wealth Advisors LLC UT

Alliance Wealth Advisors LLC UT boosted its holdings in UFP Technologies, Inc. (NASDAQ:UFPT) by 4.6% during the fourth quarter, HoldingsChannel reports. The fund owned 2,403 shares of the industrial products company’s stock after buying an additional 105 shares during the period. Alliance Wealth Advisors LLC UT’s holdings in UFP Technologies were worth $413,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in UFPT. Federated Hermes Inc. lifted its stake in UFP Technologies by 98.6% during the fourth quarter. Federated Hermes Inc. now owns 147 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 73 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new position in UFP Technologies during the third quarter worth $87,000. Peterson Wealth Services acquired a new position in UFP Technologies during the fourth quarter worth $204,000. Mutual of America Capital Management LLC acquired a new position in UFP Technologies during the fourth quarter worth $212,000. Finally, CreativeOne Wealth LLC acquired a new position in UFP Technologies during the third quarter worth $215,000. 87.28% of the stock is currently owned by institutional investors and hedge funds.

UFP Technologies Stock Performance

Shares of UFPT stock traded up $3.60 during mid-day trading on Friday, hitting $213.25. 40,236 shares of the stock were exchanged, compared to its average volume of 56,572. The stock’s fifty day simple moving average is $220.89 and its two-hundred day simple moving average is $184.59. The stock has a market capitalization of $1.63 billion, a price-to-earnings ratio of 36.45 and a beta of 0.83. 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 quick ratio of 1.28 and a current ratio of 2.48.

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

Analyst Ratings Changes

Several analysts have recently issued reports on the company. CJS Securities assumed coverage on UFP Technologies in a research note on Wednesday, March 20th. They issued an “outperform” rating and a $255.00 price objective on the stock. KeyCorp assumed coverage on UFP Technologies in a research note on Tuesday, February 6th. They issued a “sector weight” rating on the stock. Finally, StockNews.com upgraded UFP Technologies from a “sell” rating to a “hold” rating in a research note on Thursday, February 22nd.

Insider Activity at UFP Technologies

In other news, VP Steve Cardin sold 311 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $196.50, for a total transaction of $61,111.50. Following the sale, the vice president now 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 through this hyperlink. In related news, VP Steve Cardin sold 311 shares of UFP Technologies stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $196.50, for a total transaction of $61,111.50. Following the completion of the transaction, the vice president now directly owns 5,643 shares in the company, valued at approximately $1,108,849.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO R Jeffrey Bailly sold 27,090 shares of UFP Technologies stock in a transaction that occurred on Friday, February 23rd. The stock was 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 sold a total of 31,125 shares of company stock worth $6,511,420 over the last 90 days. Company insiders own 7.80% of the company’s stock.

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.