1,370 Shares in UFP Technologies, Inc. (NASDAQ:UFPT) Acquired by Everence Capital Management Inc.

Everence Capital Management Inc. acquired a new position in UFP Technologies, Inc. (NASDAQ:UFPT) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,370 shares of the industrial products company’s stock, valued at approximately $236,000.

Other institutional investors also recently modified their holdings of the company. Macquarie Group Ltd. bought a new position in shares of UFP Technologies in the fourth quarter worth approximately $34,000. Point72 Asset Management L.P. bought a new position in shares of UFP Technologies in the fourth quarter worth approximately $43,000. Citigroup Inc. grew its position in UFP Technologies by 121.3% during the fourth quarter. Citigroup Inc. now owns 394 shares of the industrial products company’s stock valued at $46,000 after acquiring an additional 216 shares during the last quarter. Ronald Blue Trust Inc. bought a new position in UFP Technologies during the third quarter valued at approximately $48,000. Finally, Captrust Financial Advisors grew its position in UFP Technologies by 3,322.2% during the second quarter. Captrust Financial Advisors now owns 616 shares of the industrial products company’s stock valued at $49,000 after acquiring an additional 598 shares during the last quarter. 87.28% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO R Jeffrey Bailly sold 27,090 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $209.48, for a total transaction of $5,674,813.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related 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 completion of the sale, the senior vice president now owns 14,334 shares of the company’s stock, valued at $2,990,789.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO R Jeffrey Bailly sold 27,090 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $209.48, for a total value of $5,674,813.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 31,125 shares of company stock valued at $6,511,420. 7.80% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

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

UFP Technologies Stock Performance

NASDAQ:UFPT opened at $217.74 on Friday. The firm has a market cap of $1.66 billion, a PE ratio of 37.22 and a beta of 0.83. UFP Technologies, Inc. has a fifty-two week low of $127.29 and a fifty-two week high of $257.29. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.28 and a current ratio of 2.48. The business has a 50 day moving average price of $216.57 and a 200-day moving average price of $182.22.

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

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.