Neumeier Poma Investment Counsel LLC Purchases New Stake in UFP Technologies, Inc. $UFPT

Neumeier Poma Investment Counsel LLC acquired a new position in shares of UFP Technologies, Inc. (NASDAQ:UFPT) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 84,575 shares of the industrial products company’s stock, valued at approximately $22,423,370,000.

Other large investors have also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. acquired a new stake in UFP Technologies in the second quarter valued at $565,000. Quantbot Technologies LP acquired a new position in shares of UFP Technologies during the 2nd quarter worth $253,000. De Lisle Partners LLP purchased a new position in shares of UFP Technologies in the 2nd quarter valued at about $19,677,000. Keebeck Wealth Management purchased a new position in shares of UFP Technologies in the 2nd quarter valued at about $595,000. Finally, B. Metzler seel. Sohn & Co. AG acquired a new stake in shares of UFP Technologies in the second quarter valued at about $1,982,000. Hedge funds and other institutional investors own 87.28% of the company’s stock.

Insider Activity

In related news, Director Symeria Hudson sold 298 shares of UFP Technologies stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $319.11, for a total transaction of $95,094.78. Following the completion of the transaction, the director directly owned 927 shares in the company, valued at $295,814.97. The trade was a 24.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman R Jeffrey Bailly sold 5,013 shares of the company’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $317.87, for a total value of $1,593,482.31. Following the completion of the sale, the chairman directly owned 13,011 shares in the company, valued at approximately $4,135,806.57. The trade was a 27.81% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 20,119 shares of company stock worth $6,328,732 over the last ninety days. 4.59% of the stock is currently owned by insiders.

Analyst Ratings Changes

UFPT has been the topic of a number of research analyst reports. Wall Street Zen raised shares of UFP Technologies from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Weiss Ratings raised shares of UFP Technologies from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, August 5th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

UFP Technologies Price Performance

UFP Technologies stock opened at $309.13 on Monday. UFP Technologies, Inc. has a fifty-two week low of $173.86 and a fifty-two week high of $338.71. The firm has a market capitalization of $2.40 billion, a price-to-earnings ratio of 33.31 and a beta of 1.08. The stock’s fifty day moving average is $268.38 and its two-hundred day moving average is $234.45. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.72 and a current ratio of 3.00.

UFP Technologies (NASDAQ:UFPT) last released its quarterly earnings results on Monday, August 3rd. The industrial products company reported $2.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.31 by $0.61. UFP Technologies had a return on equity of 18.42% and a net margin of 11.45%.The business had revenue of $173.96 million during the quarter, compared to the consensus estimate of $159.38 million. Analysts predict that UFP Technologies, Inc. will post 10.54 EPS for the current fiscal year.

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.