6,963 Shares in UFP Technologies, Inc. (NASDAQ:UFPT) Acquired by Teacher Retirement System of Texas

Posted by Defense World Staff on Jun 12th, 2023

Teacher Retirement System of Texas acquired a new position in shares of UFP Technologies, Inc. (NASDAQ:UFPT – Get Rating) in the 4th quarter, HoldingsChannel reports. The firm acquired 6,963 shares of the industrial products company’s stock, valued at approximately $821,000.

Several other large investors have also recently made changes to their positions in UFPT. Lazard Asset Management LLC grew its stake in UFP Technologies by 169.2% in the 3rd quarter. Lazard Asset Management LLC now owns 428 shares of the industrial products company’s stock valued at $36,000 after acquiring an additional 269 shares during the last quarter. Citigroup Inc. grew its position in shares of UFP Technologies by 121.3% in the fourth quarter. Citigroup Inc. now owns 394 shares of the industrial products company’s stock valued at $46,000 after purchasing an additional 216 shares during the last quarter. Captrust Financial Advisors raised its holdings in shares of UFP Technologies by 3,322.2% in the 2nd quarter. Captrust Financial Advisors now owns 616 shares of the industrial products company’s stock worth $49,000 after buying an additional 598 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in UFP Technologies by 131.3% in the third quarter. Tower Research Capital LLC TRC now owns 893 shares of the industrial products company’s stock valued at $76,000 after acquiring an additional 507 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of UFP Technologies during the 4th quarter valued at about $111,000. 80.34% of the stock is currently owned by institutional investors and hedge funds.

UFP Technologies Price Performance

UFPT opened at $167.31 on Monday. The company has a market cap of $1.27 billion, a P/E ratio of 27.43 and a beta of 0.79. The company has a 50 day moving average of $144.85 and a two-hundred day moving average of $126.46. The company has a quick ratio of 1.35, a current ratio of 2.43 and a debt-to-equity ratio of 0.23. UFP Technologies, Inc. has a 52-week low of $71.83 and a 52-week high of $171.44.

UFP Technologies (NASDAQ:UFPT – Get Rating) last released its quarterly earnings results on Tuesday, May 2nd. The industrial products company reported $4.20 EPS for the quarter. The company had revenue of $97.75 million for the quarter. UFP Technologies had a net margin of 12.27% and a return on equity of 23.36%.

Insider Activity at UFP Technologies

In other UFP Technologies news, CFO Ronald J. Lataille sold 7,354 shares of UFP Technologies stock in a transaction on Tuesday, May 9th. The shares were sold at an average price of $142.06, for a total transaction of $1,044,709.24. Following the transaction, the chief financial officer now directly owns 55,123 shares of the company’s stock, valued at approximately $7,830,773.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CFO Ronald J. Lataille sold 7,354 shares of the stock in a transaction on Tuesday, May 9th. The stock was sold at an average price of $142.06, for a total transaction of $1,044,709.24. Following the sale, the chief financial officer now directly owns 55,123 shares of the company’s stock, valued at $7,830,773.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Ronald J. Lataille sold 2,324 shares of UFP Technologies stock in a transaction that occurred on Thursday, May 4th. The stock was sold at an average price of $147.25, for a total value of $342,209.00. Following the completion of the sale, the chief financial officer now directly owns 62,477 shares in the company, valued at approximately $9,199,738.25. The disclosure for this sale can be found here. Insiders have sold 24,758 shares of company stock valued at $3,557,125 over the last ninety days. 7.80% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have commented on the company. Lake Street Capital boosted their target price on UFP Technologies from $131.00 to $171.00 in a research note on Wednesday, May 3rd. VNET Group restated a “maintains” rating on shares of UFP Technologies in a report on Wednesday, May 3rd. Finally, StockNews.com upgraded shares of UFP Technologies from a “sell” rating to a “hold” rating in a research note on Friday, May 26th.

About UFP Technologies

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UFP Technologies, Inc engages in designing and custom manufacturing of components, subassemblies, products and packaging utilizing specialized foams, films, and plastics primarily for the medical market. The firm manufactures its products by converting raw materials using laminating, molding, radio frequency and impulse welding and fabricating manufacturing techniques. �It’s single-use and single-patient devices and components are used in a wide range of medical devices, disposable wound care products, infection prevention, minimally invasive surgery, wearables, orthopedic soft goods, and orthopedic implant packaging.