UFP Technologies, Inc. (NASDAQ:UFPT) Position Trimmed by Principal Financial Group Inc.

Principal Financial Group Inc. trimmed its stake in UFP Technologies, Inc. (NASDAQ:UFPT) by 2.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 37,664 shares of the industrial products company’s stock after selling 851 shares during the quarter. Principal Financial Group Inc.’s holdings in UFP Technologies were worth $11,928,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in UFPT. Franklin Resources Inc. grew its stake in shares of UFP Technologies by 39.4% in the 3rd quarter. Franklin Resources Inc. now owns 92,053 shares of the industrial products company’s stock valued at $28,904,000 after buying an additional 26,001 shares in the last quarter. Tidal Investments LLC lifted its stake in UFP Technologies by 28.4% in the third quarter. Tidal Investments LLC now owns 3,578 shares of the industrial products company’s stock valued at $1,133,000 after acquiring an additional 792 shares during the last quarter. World Investment Advisors LLC bought a new stake in UFP Technologies in the third quarter worth approximately $792,000. Arete Wealth Advisors LLC grew its position in UFP Technologies by 10.9% in the third quarter. Arete Wealth Advisors LLC now owns 909 shares of the industrial products company’s stock worth $287,000 after acquiring an additional 89 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of UFP Technologies by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 172,996 shares of the industrial products company’s stock worth $54,799,000 after purchasing an additional 3,333 shares during the last quarter. 87.28% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of UFP Technologies from a “sell” rating to a “hold” rating in a report on Tuesday, December 24th.

Insider Buying and Selling at UFP Technologies

In other UFP Technologies news, Director Cynthia L. Feldmann sold 647 shares of the company’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $352.30, for a total transaction of $227,938.10. Following the transaction, the director now owns 4,049 shares of the company’s stock, valued at approximately $1,426,462.70. This represents a 13.78 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO R Jeffrey Bailly sold 12,533 shares of UFP Technologies stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $346.46, for a total value of $4,342,183.18. Following the completion of the sale, the chief executive officer now owns 31,194 shares of the company’s stock, valued at approximately $10,807,473.24. The trade was a 28.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 13,326 shares of company stock worth $4,620,154 over the last ninety days. Corporate insiders own 6.17% of the company’s stock.

UFP Technologies Trading Down 3.0 %

Shares of UFP Technologies stock opened at $247.00 on Monday. UFP Technologies, Inc. has a 52-week low of $152.43 and a 52-week high of $366.41. The firm has a market capitalization of $1.90 billion, a PE ratio of 35.24 and a beta of 0.99. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.57 and a quick ratio of 1.43. The company’s fifty day moving average price is $289.71 and its two-hundred day moving average price is $301.64.

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.