American Century Companies Inc. Increases Stock Holdings in UFP Technologies, Inc. (NASDAQ:UFPT)

American Century Companies Inc. lifted its stake in shares of UFP Technologies, Inc. (NASDAQ:UFPT) by 16.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,212 shares of the industrial products company’s stock after purchasing an additional 1,320 shares during the quarter. American Century Companies Inc. owned about 0.12% of UFP Technologies worth $2,431,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of UFP Technologies by 5.2% during the 4th quarter. Vanguard Group Inc. now owns 533,800 shares of the industrial products company’s stock worth $91,835,000 after purchasing an additional 26,269 shares in the last quarter. Confluence Investment Management LLC acquired a new position in UFP Technologies during the first quarter worth about $4,798,000. Tidal Investments LLC purchased a new position in UFP Technologies in the first quarter valued at about $448,000. Congress Wealth Management LLC DE lifted its position in shares of UFP Technologies by 221.7% during the 1st quarter. Congress Wealth Management LLC DE now owns 34,672 shares of the industrial products company’s stock valued at $8,744,000 after acquiring an additional 23,895 shares during the period. Finally, Congress Asset Management Co. MA boosted its stake in shares of UFP Technologies by 15.1% during the 4th quarter. Congress Asset Management Co. MA now owns 67,829 shares of the industrial products company’s stock worth $11,669,000 after acquiring an additional 8,914 shares in the last quarter. 87.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Lake Street Capital raised their price target on shares of UFP Technologies from $344.00 to $392.00 and gave the stock a “buy” rating in a research note on Wednesday, July 17th.

UFP Technologies Stock Up 0.4 %

Shares of NASDAQ:UFPT opened at $323.81 on Friday. The company has a current ratio of 3.13, a quick ratio of 1.63 and a debt-to-equity ratio of 0.14. The firm has a market cap of $2.48 billion, a price-to-earnings ratio of 52.06 and a beta of 0.94. The stock’s 50-day moving average price is $323.36 and its two-hundred day moving average price is $276.29. UFP Technologies, Inc. has a 12-month low of $127.29 and a 12-month high of $366.41.

UFP Technologies (NASDAQ:UFPT) last released its quarterly earnings results on Wednesday, July 31st. The industrial products company reported $1.86 EPS for the quarter. UFP Technologies had a return on equity of 17.53% and a net margin of 11.87%. The firm had revenue of $110.18 million for the quarter.

Insider Transactions at UFP Technologies

In other UFP Technologies news, CFO Ronald J. Lataille sold 1,598 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $319.37, for a total value of $510,353.26. Following the transaction, the chief financial officer now directly owns 57,596 shares of the company’s stock, valued at approximately $18,394,434.52. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other UFP Technologies news, CFO Ronald J. Lataille sold 1,598 shares of the company’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $319.37, for a total value of $510,353.26. Following the completion of the transaction, the chief financial officer now owns 57,596 shares in the company, valued at approximately $18,394,434.52. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Ronald J. Lataille sold 11,466 shares of the stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $301.65, for a total value of $3,458,718.90. Following the completion of the transaction, the chief financial officer now directly owns 46,130 shares of the company’s stock, valued at approximately $13,915,114.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 68,134 shares of company stock valued at $21,494,247. 6.17% of the stock is currently owned by insiders.

UFP Technologies Company 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.