Isthmus Partners LLC Takes Position in UFP Technologies, Inc. $UFPT

Isthmus Partners LLC purchased a new position in UFP Technologies, Inc. (NASDAQ:UFPT) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 8,675 shares of the industrial products company’s stock, valued at approximately $1,679,000.

Other hedge funds also recently bought and sold shares of the company. Thrivent Financial for Lutherans raised its holdings in UFP Technologies by 892.3% in the 4th quarter. Thrivent Financial for Lutherans now owns 248,125 shares of the industrial products company’s stock worth $55,091,000 after acquiring an additional 223,121 shares during the last quarter. Congress Asset Management Co. boosted its stake in UFP Technologies by 32.4% during the 4th quarter. Congress Asset Management Co. now owns 441,122 shares of the industrial products company’s stock valued at $97,942,000 after purchasing an additional 107,908 shares during the last quarter. Wasatch Advisors LP boosted its stake in UFP Technologies by 14.6% during the 4th quarter. Wasatch Advisors LP now owns 736,027 shares of the industrial products company’s stock valued at $163,420,000 after purchasing an additional 93,640 shares during the last quarter. Boston Trust Walden Corp increased its holdings in shares of UFP Technologies by 36.3% in the 1st quarter. Boston Trust Walden Corp now owns 317,072 shares of the industrial products company’s stock worth $61,385,000 after purchasing an additional 84,396 shares in the last quarter. Finally, Geneva Capital Management LLC increased its holdings in shares of UFP Technologies by 88.6% in the 3rd quarter. Geneva Capital Management LLC now owns 158,496 shares of the industrial products company’s stock worth $31,636,000 after purchasing an additional 74,461 shares in the last quarter. Institutional investors own 87.28% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Wall Street Zen upgraded UFP Technologies from a “sell” rating to a “hold” rating in a research note on Saturday, March 28th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of UFP Technologies in a research report on Friday, May 29th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, UFP Technologies currently has a consensus rating of “Hold” and a consensus target price of $289.00.

UFP Technologies Stock Down 4.8%

UFPT opened at $251.52 on Thursday. 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 firm has a 50 day moving average price of $231.77 and a 200-day moving average price of $227.38. UFP Technologies, Inc. has a twelve month low of $173.86 and a twelve month high of $279.49. The stock has a market capitalization of $1.95 billion, a price-to-earnings ratio of 28.55 and a beta of 1.07.

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

Insider Buying and Selling at UFP Technologies

In related news, Director Daniel C. Croteau sold 2,864 shares of UFP Technologies stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $221.71, for a total value of $634,977.44. Following the completion of the sale, the director owned 855 shares of the company’s stock, valued at $189,562.05. The trade was a 77.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Cynthia L. Feldmann sold 1,200 shares of UFP Technologies stock in a transaction on Friday, June 12th. The stock was sold at an average price of $239.29, for a total value of $287,148.00. Following the completion of the sale, the director directly owned 5,476 shares of the company’s stock, valued at $1,310,352.04. The trade was a 17.97% decrease in their position. The disclosure for this sale is available in the SEC filing. 4.59% of the stock is owned by corporate 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.