UFP Technologies, Inc. (NASDAQ:UFPT) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans trimmed its position in shares of UFP Technologies, Inc. (NASDAQ:UFPT) by 1.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,635 shares of the industrial products company’s stock after selling 90 shares during the period. Thrivent Financial for Lutherans owned about 0.07% of UFP Technologies worth $1,378,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the business. State Street Corp grew its position in shares of UFP Technologies by 1.4% in the 3rd quarter. State Street Corp now owns 283,460 shares of the industrial products company’s stock valued at $89,772,000 after buying an additional 4,007 shares during the last quarter. Congress Asset Management Co. increased its holdings in shares of UFP Technologies by 14.2% in the fourth quarter. Congress Asset Management Co. now owns 281,325 shares of the industrial products company’s stock valued at $68,787,000 after purchasing an additional 35,022 shares during the period. Geode Capital Management LLC lifted its stake in shares of UFP Technologies by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 172,996 shares of the industrial products company’s stock worth $54,799,000 after acquiring an additional 3,333 shares during the period. Boston Trust Walden Corp purchased a new position in shares of UFP Technologies during the 4th quarter worth approximately $26,395,000. Finally, Mountain Pacific Investment Advisers LLC lifted its position in shares of UFP Technologies by 0.4% during the 4th quarter. Mountain Pacific Investment Advisers LLC now owns 93,316 shares of the industrial products company’s stock valued at $22,817,000 after acquiring an additional 340 shares during the period. Hedge funds and other institutional investors own 87.28% of the company’s stock.

UFP Technologies Stock Down 1.9 %

Shares of NASDAQ:UFPT opened at $199.32 on Monday. The company has a market capitalization of $1.53 billion, a price-to-earnings ratio of 28.43 and a beta of 1.15. The company has a 50 day moving average of $241.95 and a two-hundred day moving average of $273.47. The company has a quick ratio of 1.43, a current ratio of 2.57 and a debt-to-equity ratio of 0.64. UFP Technologies, Inc. has a 52-week low of $198.10 and a 52-week high of $366.41.

UFP Technologies (NASDAQ:UFPT) last issued its quarterly earnings data on Tuesday, February 25th. The industrial products company reported $2.46 earnings per share for the quarter, beating analysts’ consensus estimates of $2.01 by $0.45. UFP Technologies had a return on equity of 18.92% and a net margin of 11.74%. The firm had revenue of $144.07 million during the quarter, compared to analyst estimates of $141.67 million.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Raymond James assumed coverage on UFP Technologies in a research note on Friday. They set a “market perform” rating for the company. StockNews.com lowered UFP Technologies from a “hold” rating to a “sell” rating in a research report on Thursday, January 23rd.

Insider Activity at UFP Technologies

In other news, Director Daniel C. Croteau sold 6,846 shares of the company’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $228.41, for a total transaction of $1,563,694.86. Following the completion of the transaction, the director now owns 1,785 shares in the company, valued at approximately $407,711.85. This represents a 79.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 6.17% 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.