Everence Capital Management Inc. Takes $236,000 Position in UFP Technologies, Inc. (NASDAQ:UFPT)

Everence Capital Management Inc. acquired a new stake in shares of UFP Technologies, Inc. (NASDAQ:UFPT) during the fourth quarter, according to its most recent disclosure with the SEC. The fund acquired 1,370 shares of the industrial products company’s stock, valued at approximately $236,000.

A number of other large investors have also recently made changes to their positions in UFPT. Macquarie Group Ltd. purchased a new position in UFP Technologies in the 4th quarter worth approximately $34,000. Ronald Blue Trust Inc. purchased a new position in UFP Technologies in the 3rd quarter worth approximately $48,000. Point72 Asset Management L.P. purchased a new position in UFP Technologies in the 4th quarter worth approximately $43,000. Citigroup Inc. lifted its holdings in UFP Technologies by 121.3% in the 4th quarter. Citigroup Inc. now owns 394 shares of the industrial products company’s stock worth $46,000 after purchasing an additional 216 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale purchased a new position in UFP Technologies in the 3rd quarter worth approximately $87,000. 87.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

UFPT has been the topic of a number of research analyst reports. KeyCorp initiated coverage on UFP Technologies in a report on Tuesday, February 6th. They issued a “sector weight” rating on the stock. StockNews.com raised UFP Technologies from a “sell” rating to a “hold” rating in a report on Thursday, February 22nd. Finally, CJS Securities initiated coverage on UFP Technologies in a report on Wednesday, March 20th. They issued 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 company has a debt-to-equity ratio of 0.10, a current ratio of 2.48 and a quick ratio of 1.28. UFP Technologies, Inc. has a 1 year low of $127.29 and a 1 year high of $257.29. The stock’s 50 day simple moving average is $216.57 and its two-hundred day simple moving average is $182.22. The company has a market cap of $1.66 billion, a price-to-earnings ratio of 37.22 and a beta of 0.83.

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

Insiders Place Their Bets

In other UFP Technologies news, CEO R Jeffrey Bailly sold 27,090 shares of UFP Technologies stock in a transaction that occurred 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 transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, VP Steve Cardin sold 311 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $196.50, for a total transaction of $61,111.50. Following the transaction, 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 SEC, which is accessible through the SEC website. Also, CEO R Jeffrey Bailly sold 27,090 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The shares were 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. Insiders have sold a total of 31,125 shares of company stock valued at $6,511,420 in the last quarter. 7.80% of the stock is currently owned by 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.