Graphic Packaging Holding (NYSE:GPK) Shares Purchased by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC raised its stake in Graphic Packaging Holding (NYSE:GPK) by 257.0% in the fourth quarter, HoldingsChannel reports. The fund owned 17,471 shares of the industrial products company’s stock after purchasing an additional 12,577 shares during the period. Tower Research Capital LLC TRC’s holdings in Graphic Packaging were worth $475,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also bought and sold shares of the stock. Picton Mahoney Asset Management lifted its stake in shares of Graphic Packaging by 55.4% in the 4th quarter. Picton Mahoney Asset Management now owns 1,105 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 394 shares during the period. Crews Bank & Trust purchased a new position in Graphic Packaging in the fourth quarter valued at $32,000. Avior Wealth Management LLC raised its position in shares of 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 worth $35,000 after acquiring an additional 1,242 shares during the period. Steward Partners Investment Advisory LLC boosted its stake in shares of Graphic Packaging by 92.7% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,432 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 689 shares in the last quarter. Finally, UMB Bank n.a. grew its position in shares of Graphic Packaging by 58.2% during the 4th quarter. UMB Bank n.a. now owns 1,493 shares of the industrial products company’s stock valued at $41,000 after acquiring an additional 549 shares during the period. Hedge funds and other institutional investors own 99.67% of the company’s stock.

Wall Street Analysts Forecast Growth

GPK has been the topic of a number of recent analyst reports. Raymond James lowered their price target on Graphic Packaging from $32.00 to $30.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 22nd. Truist Financial decreased their target price on Graphic Packaging from $30.00 to $28.00 and set a “hold” rating on the stock in a research report on Tuesday, April 22nd. Robert W. Baird reduced 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 report on Wednesday, February 5th. Wells Fargo & Company upgraded shares of Graphic Packaging from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $24.00 to $27.00 in a research report on Monday, January 6th. Finally, Citigroup restated a “neutral” rating and set a $30.00 price target (down previously from $33.00) on shares of Graphic Packaging in a research report on Monday, January 6th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $30.89.

Graphic Packaging Stock Up 1.2 %

GPK stock opened at $25.62 on Wednesday. The company has a market cap of $7.73 billion, a price-to-earnings ratio of 11.86, a PEG ratio of 2.10 and a beta of 0.80. The firm has a 50-day moving average of $25.70 and a two-hundred day moving average of $27.33. Graphic Packaging Holding has a 12 month low of $23.03 and a 12 month high of $30.70. The company has a current ratio of 1.46, a quick ratio of 0.54 and a debt-to-equity ratio of 1.71.

Graphic Packaging (NYSE:GPK) last released its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $0.59 earnings per share for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.04). Graphic Packaging had a return on equity of 25.96% and a net margin of 7.47%. The company had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.15 billion. During the same period last year, the firm posted $0.75 EPS. The business’s quarterly revenue was down 6.8% on a year-over-year basis. As a group, analysts forecast that Graphic Packaging Holding will post 2.47 earnings per share for the current fiscal year.

Graphic Packaging Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Saturday, April 5th. Shareholders of record on Saturday, March 15th were issued a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 1.72%. This is a positive change from Graphic Packaging’s previous quarterly dividend of $0.10. The ex-dividend date was Friday, March 14th. Graphic Packaging’s 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.