Northern Trust Corp increased its position in UFP Technologies, Inc. (NASDAQ:UFPT) by 6.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 87,559 shares of the industrial products company’s stock after purchasing an additional 5,475 shares during the quarter. Northern Trust Corp owned approximately 1.21% of UFP Technologies worth $2,478,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. New York State Common Retirement Fund increased its position in UFP Technologies by 559.1% in the second quarter. New York State Common Retirement Fund now owns 6,598 shares of the industrial products company’s stock worth $187,000 after purchasing an additional 5,597 shares during the period. Nationwide Fund Advisors boosted its holdings in UFP Technologies by 952.3% during the second quarter. Nationwide Fund Advisors now owns 40,775 shares of the industrial products company’s stock worth $1,154,000 after buying an additional 36,900 shares during the last quarter. TIAA CREF Investment Management LLC boosted its holdings in UFP Technologies by 12.9% during the second quarter. TIAA CREF Investment Management LLC now owns 18,999 shares of the industrial products company’s stock worth $538,000 after buying an additional 2,170 shares during the last quarter. Teachers Advisors LLC boosted its holdings in UFP Technologies by 2.1% during the second quarter. Teachers Advisors LLC now owns 11,190 shares of the industrial products company’s stock worth $317,000 after buying an additional 226 shares during the last quarter. Finally, AJO LP bought a new position in UFP Technologies during the second quarter worth about $479,000. Hedge funds and other institutional investors own 69.10% of the company’s stock.

UFP Technologies, Inc. (NASDAQ UFPT) opened at $26.70 on Tuesday. UFP Technologies, Inc. has a 1-year low of $22.95 and a 1-year high of $31.50. The stock has a market capitalization of $191.50, a PE ratio of 24.17 and a beta of 0.18.

UFP Technologies (NASDAQ:UFPT) last issued its earnings results on Thursday, November 2nd. The industrial products company reported $0.23 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.13). UFP Technologies had a return on equity of 6.83% and a net margin of 5.43%. The company had revenue of $35.68 million for the quarter, compared to the consensus estimate of $38.70 million. equities analysts forecast that UFP Technologies, Inc. will post 1.12 earnings per share for the current fiscal year.

Separately, Zacks Investment Research cut UFP Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, November 21st.

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UFP Technologies Company Profile

UFP Technologies, Inc is a designer and custom converter of foams, plastics, composites and natural fiber materials. The Company is engaged in providing solutions to customers primarily within the medical, automotive, consumer, electronics, industrial, and aerospace and defense markets. It converts these materials using laminating, molding, and fabricating manufacturing technologies.

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Institutional Ownership by Quarter for UFP Technologies (NASDAQ:UFPT)

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