Thompson Siegel & Walmsley LLC Has $74.38 Million Stock Position in Graphic Packaging Holding (NYSE:GPK)

Thompson Siegel & Walmsley LLC grew its position in Graphic Packaging Holding (NYSE:GPK) by 1.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,738,589 shares of the industrial products company’s stock after purchasing an additional 29,034 shares during the period. Graphic Packaging comprises approximately 1.2% of Thompson Siegel & Walmsley LLC’s holdings, making the stock its 19th largest holding. Thompson Siegel & Walmsley LLC’s holdings in Graphic Packaging were worth $74,380,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in GPK. FMR LLC lifted its stake in Graphic Packaging by 12.6% in the third quarter. FMR LLC now owns 20,460,161 shares of the industrial products company’s stock valued at $605,416,000 after acquiring an additional 2,294,688 shares during the last quarter. Hennessy Advisors Inc. bought a new stake in Graphic Packaging during the 4th quarter worth about $51,642,000. Allspring Global Investments Holdings LLC grew its holdings in Graphic Packaging by 11.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 16,503,189 shares of the industrial products company’s stock worth $441,990,000 after acquiring an additional 1,702,764 shares during the last quarter. Boston Trust Walden Corp acquired a new position in Graphic Packaging during the 4th quarter valued at about $34,131,000. Finally, Raymond James Financial Inc. acquired a new position in Graphic Packaging during the 4th quarter valued at about $25,669,000. 99.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

GPK has been the topic of a number of analyst reports. Robert W. Baird cut their price target on shares of Graphic Packaging from $36.00 to $32.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 5th. Truist Financial raised their price target on shares of Graphic Packaging from $30.00 to $32.00 and gave the stock a “hold” rating in a research note on Monday, January 6th. Wells Fargo & Company raised shares of Graphic Packaging from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $24.00 to $27.00 in a research note on Monday, January 6th. Finally, Citigroup reaffirmed a “neutral” rating and set a $30.00 price objective (down from $33.00) on shares of Graphic Packaging in a research report on Monday, January 6th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $31.70.

Graphic Packaging Price Performance

Shares of GPK opened at $26.27 on Thursday. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.54 and a current ratio of 1.46. Graphic Packaging Holding has a 52-week low of $25.13 and a 52-week high of $30.70. The business’s 50 day moving average price is $27.03 and its two-hundred day moving average price is $28.36. The firm has a market cap of $7.89 billion, a PE ratio of 12.16, a price-to-earnings-growth ratio of 2.10 and a beta of 0.81.

Graphic Packaging (NYSE:GPK) last announced its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $0.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.04). The business had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.15 billion. Graphic Packaging had a net margin of 7.47% and a return on equity of 25.96%. The firm’s revenue for the quarter was down 6.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.75 EPS. On average, equities analysts anticipate that Graphic Packaging Holding will post 2.47 EPS for the current year.

Graphic Packaging Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Saturday, April 5th. Stockholders of record on Saturday, March 15th will be paid a dividend of $0.11 per share. This is an increase from Graphic Packaging’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.44 annualized dividend and a dividend yield of 1.68%. Graphic Packaging’s dividend payout ratio is presently 20.37%.

About Graphic Packaging

Graphic Packaging Holding Company, together with its subsidiaries, designs, produces, and sells consumer packaging products to brands in food, beverage, foodservice, household, and other consumer products. It operates through three segments: Paperboard Manufacturing, Americas Paperboard Packaging, and Europe Paperboard Packaging.