Northwestern Mutual Wealth Management Co. Invests $565,000 in UFP Technologies, Inc. $UFPT

Northwestern Mutual Wealth Management Co. acquired a new stake in UFP Technologies, Inc. (NASDAQ:UFPT) during the second quarter, Holdings Channel reports. The institutional investor acquired 2,131 shares of the industrial products company’s stock, valued at approximately $565,000.

Other institutional investors have also made changes to their positions in the company. Quantbot Technologies LP acquired a new position in UFP Technologies during the second quarter worth $253,000. De Lisle Partners LLP acquired a new stake in UFP Technologies in the 2nd quarter valued at $19,677,000. Keebeck Wealth Management acquired a new stake in UFP Technologies in the 2nd quarter valued at $595,000. B. Metzler seel. Sohn & Co. AG bought a new stake in UFP Technologies during the 2nd quarter worth about $1,982,000. Finally, Silvant Capital Management LLC bought a new stake in UFP Technologies during the 2nd quarter worth about $29,000. Institutional investors own 87.28% of the company’s stock.

UFP Technologies Price Performance

Shares of UFPT opened at $304.57 on Thursday. The company has a current ratio of 3.00, a quick ratio of 1.72 and a debt-to-equity ratio of 0.26. The company’s fifty day simple moving average is $272.80 and its 200 day simple moving average is $235.51. UFP Technologies, Inc. has a 1-year low of $173.86 and a 1-year high of $338.71. The company has a market cap of $2.36 billion, a price-to-earnings ratio of 32.82 and a beta of 1.08.

UFP Technologies (NASDAQ:UFPT) last announced its quarterly earnings results on Monday, August 3rd. The industrial products company reported $2.92 EPS for the quarter, beating analysts’ consensus estimates of $2.31 by $0.61. UFP Technologies had a net margin of 11.45% and a return on equity of 18.42%. The firm had revenue of $173.96 million during the quarter, compared to analysts’ expectations of $159.38 million. On average, research analysts forecast that UFP Technologies, Inc. will post 10.54 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Wall Street Zen upgraded UFP Technologies from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Weiss Ratings upgraded UFP Technologies from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, August 5th. Two analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Insider Activity

In other news, Director Cynthia L. Feldmann sold 1,000 shares of the company’s stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $324.26, for a total value of $324,260.00. Following the sale, the director directly owned 4,476 shares of the company’s stock, valued at approximately $1,451,387.76. This represents a 18.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman R Jeffrey Bailly sold 5,013 shares of the firm’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $317.87, for a total transaction of $1,593,482.31. Following the completion of the sale, the chairman owned 13,011 shares of the company’s stock, valued at $4,135,806.57. This trade represents a 27.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 20,119 shares of company stock valued at $6,328,732. 4.59% of the stock is owned by company 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.