UFP Technologies, Inc. (NASDAQ:UFPT) Shares Acquired by Arizona State Retirement System

Arizona State Retirement System increased its position in shares of UFP Technologies, Inc. (NASDAQ:UFPT) by 1.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,032 shares of the industrial products company’s stock after purchasing an additional 38 shares during the period. Arizona State Retirement System’s holdings in UFP Technologies were worth $536,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Principal Securities Inc. purchased a new stake in shares of UFP Technologies in the fourth quarter valued at about $28,000. EverSource Wealth Advisors LLC grew its position in shares of UFP Technologies by 1,614.3% in the first quarter. EverSource Wealth Advisors LLC now owns 120 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 113 shares during the last quarter. Advisors Asset Management Inc. acquired a new stake in shares of UFP Technologies in the first quarter valued at approximately $35,000. Rothschild Investment LLC purchased a new position in shares of UFP Technologies during the second quarter valued at approximately $195,000. Finally, Townsend Asset Management Corp NC ADV purchased a new position in shares of UFP Technologies during the second quarter valued at approximately $209,000. Institutional investors and hedge funds own 87.28% of the company’s stock.

UFP Technologies Stock Performance

NASDAQ:UFPT opened at $324.26 on Tuesday. UFP Technologies, Inc. has a twelve month low of $127.29 and a twelve month high of $341.23. The firm has a market capitalization of $2.49 billion, a price-to-earnings ratio of 52.13 and a beta of 0.94. The company has a current ratio of 3.13, a quick ratio of 1.63 and a debt-to-equity ratio of 0.14. The firm’s fifty day simple moving average is $318.68 and its 200 day simple moving average is $269.88.

UFP Technologies (NASDAQ:UFPT) last released its earnings results on Wednesday, July 31st. The industrial products company reported $1.86 earnings per share for the quarter. The company had revenue of $110.18 million during the quarter. UFP Technologies had a net margin of 11.87% and a return on equity of 17.53%.

Analyst Ratings Changes

Separately, Lake Street Capital lifted their price target on shares of UFP Technologies from $344.00 to $392.00 and gave the company a “buy” rating in a report on Wednesday, July 17th.

Insider Transactions at UFP Technologies

In related news, CFO Ronald J. Lataille sold 2,392 shares of the business’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $329.04, for a total transaction of $787,063.68. Following the completion of the sale, the chief financial officer now owns 38,940 shares of the company’s stock, valued at approximately $12,812,817.60. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other UFP Technologies news, CEO R Jeffrey Bailly sold 1,083 shares of the business’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $310.36, for a total transaction of $336,119.88. Following the completion of the transaction, the chief executive officer now directly owns 139,341 shares of the company’s stock, valued at approximately $43,245,872.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Ronald J. Lataille sold 2,392 shares of the business’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $329.04, for a total transaction of $787,063.68. Following the transaction, the chief financial officer now directly owns 38,940 shares of the company’s stock, valued at $12,812,817.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 68,134 shares of company stock valued at $21,494,247. 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.