Boston Trust Walden Corp Boosts Stake in UFP Technologies, Inc. $UFPT

Boston Trust Walden Corp increased its holdings in shares of UFP Technologies, Inc. (NASDAQ:UFPT) by 36.3% during the first quarter, HoldingsChannel.com reports. The fund owned 317,072 shares of the industrial products company’s stock after buying an additional 84,396 shares during the period. Boston Trust Walden Corp’s holdings in UFP Technologies were worth $61,385,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of UFPT. Wasatch Advisors LP grew its position in shares of UFP Technologies by 5.6% in the first quarter. Wasatch Advisors LP now owns 777,313 shares of the industrial products company’s stock valued at $150,488,000 after purchasing an additional 41,286 shares in the last quarter. Vanguard Group Inc. lifted its position in UFP Technologies by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 533,578 shares of the industrial products company’s stock worth $118,470,000 after buying an additional 5,957 shares in the last quarter. Congress Asset Management Co. lifted its position in UFP Technologies by 32.4% during the fourth quarter. Congress Asset Management Co. now owns 441,122 shares of the industrial products company’s stock worth $97,942,000 after buying an additional 107,908 shares in the last quarter. State Street Corp boosted its stake in UFP Technologies by 0.3% during the fourth quarter. State Street Corp now owns 289,775 shares of the industrial products company’s stock worth $64,339,000 after buying an additional 961 shares during the last quarter. Finally, Thrivent Financial for Lutherans boosted its stake in UFP Technologies by 892.3% during the fourth quarter. Thrivent Financial for Lutherans now owns 248,125 shares of the industrial products company’s stock worth $55,091,000 after buying an additional 223,121 shares during the last quarter. Hedge funds and other institutional investors own 87.28% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on UFPT shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of UFP Technologies in a research note on Friday, May 29th. Wall Street Zen raised shares of UFP Technologies from a “sell” rating to a “hold” rating in a research report on Saturday, March 28th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $289.00.

UFP Technologies Price Performance

NASDAQ:UFPT opened at $272.36 on Friday. UFP Technologies, Inc. has a 52 week low of $173.86 and a 52 week high of $275.20. The company has a quick ratio of 1.69, a current ratio of 2.91 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $2.11 billion, a P/E ratio of 30.91 and a beta of 1.07. The stock’s fifty day moving average is $226.55 and its two-hundred day moving average is $226.15.

UFP Technologies (NASDAQ:UFPT) last announced its quarterly earnings results on Monday, May 4th. The industrial products company reported $2.48 EPS for the quarter, beating the consensus estimate of $2.18 by $0.30. The business had revenue of $154.20 million for the quarter, compared to analyst estimates of $154.78 million. UFP Technologies had a return on equity of 18.47% and a net margin of 11.27%.The company’s quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.47 EPS. Equities analysts expect that UFP Technologies, Inc. will post 10.23 EPS for the current year.

Insider Activity

In related news, Director Cynthia L. Feldmann sold 1,200 shares of the business’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $239.29, for a total value of $287,148.00. Following the sale, the director directly owned 5,476 shares in the company, valued at approximately $1,310,352.04. The trade was a 17.97% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Daniel C. Croteau sold 2,864 shares of the company’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $221.71, for a total transaction of $634,977.44. Following the completion of the transaction, the director directly owned 855 shares in the company, valued at $189,562.05. The trade was a 77.01% decrease in their position. The SEC filing for this sale provides additional information. 4.59% of the stock is currently owned by insiders.

About UFP Technologies

UFP Technologies, Inc (NASDAQ: UFPT) is a global designer and manufacturer of custom-engineered products using plastics, foams and adhesives. The company partners with customers to develop application-specific solutions through a range of in-house processes, including foam fabrication, die cutting, sheet processing, lamination, machining and assembly services. Its components find use in industries requiring precise material properties, such as medical devices, aerospace, defense, electronics and transportation.

Building on its origins as a specialty foam converter, UFP Technologies has expanded its capabilities to include advanced material technologies, such as thermal management and electromagnetic interference (EMI) shielding solutions.