Knights of Columbus Asset Advisors LLC Boosts Position in UFP Technologies, Inc. (NASDAQ:UFPT)

Knights of Columbus Asset Advisors LLC boosted its holdings in shares of UFP Technologies, Inc. (NASDAQ:UFPT) by 99.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 26,130 shares of the industrial products company’s stock after buying an additional 13,050 shares during the quarter. Knights of Columbus Asset Advisors LLC owned 0.34% of UFP Technologies worth $4,495,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of UFPT. Federated Hermes Inc. raised its position in UFP Technologies by 98.6% during the 4th quarter. Federated Hermes Inc. now owns 147 shares of the industrial products company’s stock worth $25,000 after buying an additional 73 shares during the last quarter. Macquarie Group Ltd. purchased a new position in UFP Technologies during the 4th quarter worth approximately $34,000. Point72 Asset Management L.P. purchased a new position in UFP Technologies during the 4th quarter worth approximately $43,000. Citigroup Inc. raised its position in UFP Technologies by 121.3% during the 4th quarter. Citigroup Inc. now owns 394 shares of the industrial products company’s stock worth $46,000 after buying an additional 216 shares during the last quarter. Finally, Ronald Blue Trust Inc. purchased a new position in UFP Technologies during the 3rd quarter worth approximately $48,000. 87.28% of the stock is owned by hedge funds and other institutional investors.

UFP Technologies Price Performance

UFP Technologies stock opened at $207.92 on Friday. The company’s fifty day moving average price is $218.14 and its 200 day moving average price is $182.80. UFP Technologies, Inc. has a 1 year low of $127.29 and a 1 year high of $257.29. The stock has a market capitalization of $1.59 billion, a P/E ratio of 35.54 and a beta of 0.83. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.28 and a current ratio of 2.48.

UFP Technologies (NASDAQ:UFPT) last released its quarterly earnings results on Wednesday, February 21st. The industrial products company reported $1.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.41. UFP Technologies had a net margin of 11.23% and a return on equity of 25.48%. The firm had revenue of $101.50 million for the quarter, compared to analysts’ expectations of $94.80 million. As a group, equities research analysts anticipate that UFP Technologies, Inc. will post 6.19 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. CJS Securities assumed coverage on shares of UFP Technologies in a research note on Wednesday, March 20th. They set an “outperform” rating and a $255.00 price objective on the stock. KeyCorp assumed coverage on shares of UFP Technologies in a research note on Tuesday, February 6th. They set a “sector weight” rating on the stock. Finally, StockNews.com raised shares of UFP Technologies from a “sell” rating to a “hold” rating in a research note on Thursday, February 22nd.

Insider Activity at UFP Technologies

In related news, VP Steve Cardin sold 311 shares of UFP Technologies stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $196.50, for a total value of $61,111.50. Following the sale, the vice president now owns 5,643 shares of the company’s stock, valued at approximately $1,108,849.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other UFP Technologies news, SVP Christopher P. Litterio sold 2,000 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $208.65, for a total value of $417,300.00. Following the transaction, the senior vice president now owns 14,334 shares in the company, valued at approximately $2,990,789.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Steve Cardin sold 311 shares of the firm’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $196.50, for a total value of $61,111.50. Following the completion of the transaction, the vice president now owns 5,643 shares in the company, valued at approximately $1,108,849.50. The disclosure for this sale can be found here. In the last quarter, insiders have sold 31,125 shares of company stock valued at $6,511,420. 7.80% of the stock is owned by company insiders.

UFP Technologies Profile

UFP Technologies, Inc designs and manufactures solutions for medical devices, sterile packaging, and other highly engineered custom products. The company offers protective drapes for robotic surgery, single patient use surfaces, advanced wound care, infection prevention, disposables for surgical and endoscopic procedures, packaging for medical devices, orthopedic implants, biopharma drug manufacturing, and coils for catheters; and molded components for applications in acoustic insulation, interior trim, load floors, sunshades, SUV cargo cover handles, driveshaft damping, engine and manifold covers, quarter panels, and wheel liners.