Fox Run Management L.L.C. Invests $649,000 in Graphic Packaging Holding (NYSE:GPK)

Fox Run Management L.L.C. bought a new stake in shares of Graphic Packaging Holding (NYSE:GPK) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 23,884 shares of the industrial products company’s stock, valued at approximately $649,000.

Other large investors also recently added to or reduced their stakes in the company. Truvestments Capital LLC bought a new position in shares of Graphic Packaging during the third quarter valued at about $30,000. Picton Mahoney Asset Management grew its position in Graphic Packaging by 55.4% during the 4th quarter. Picton Mahoney Asset Management now owns 1,105 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 394 shares during the last quarter. Crews Bank & Trust purchased a new position in Graphic Packaging in the 4th quarter worth approximately $32,000. Avior Wealth Management LLC lifted its position in Graphic Packaging by 2,484.0% in the fourth quarter. Avior Wealth Management LLC now owns 1,292 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 1,242 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC boosted its stake in shares of Graphic Packaging by 92.7% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,432 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 689 shares during the period. Hedge funds and other institutional investors own 99.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on GPK shares. Citigroup reiterated a “neutral” rating and set a $30.00 price target (down from $33.00) on shares of Graphic Packaging in a report on Monday, January 6th. Robert W. Baird lowered their price objective on shares of Graphic Packaging from $36.00 to $32.00 and set an “outperform” rating for the company in a research note on Wednesday, February 5th. Truist Financial cut their target price on Graphic Packaging from $31.00 to $30.00 and set a “hold” rating on the stock in a research note on Monday. Finally, Wells Fargo & Company raised Graphic Packaging from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $24.00 to $27.00 in a research report on Monday, January 6th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $31.37.

Graphic Packaging Price Performance

Shares of NYSE GPK opened at $25.35 on Tuesday. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.46 and a quick ratio of 0.54. Graphic Packaging Holding has a 1 year low of $24.50 and a 1 year high of $30.70. The company’s 50-day moving average is $26.90 and its 200 day moving average is $28.14. The stock has a market capitalization of $7.61 billion, a P/E ratio of 11.73, a P/E/G ratio of 2.10 and a beta of 0.81.

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

Graphic Packaging Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, April 5th. Stockholders of record on Saturday, March 15th will be given a $0.11 dividend. The ex-dividend date of this dividend is Friday, March 14th. This is an increase from Graphic Packaging’s previous quarterly dividend of $0.10. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.74%. Graphic Packaging’s dividend payout ratio is currently 20.37%.

Graphic Packaging Profile

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.