Smurfit Westrock Ltd (NYSE:SW) Director Acquires $595,207.80 in Stock

Smurfit Westrock Ltd (NYSE:SW) Director Irial Finan purchased 15,180 shares of the business’s stock in a transaction dated Tuesday, May 6th. The shares were acquired at an average cost of $39.21 per share, for a total transaction of $595,207.80. Following the acquisition, the director now owns 54,893 shares of the company’s stock, valued at approximately $2,152,354.53. The trade was a 38.22 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Smurfit Westrock Trading Up 0.5 %

Shares of NYSE:SW opened at $41.90 on Friday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.89 and a current ratio of 1.37. The stock has a market capitalization of $21.87 billion, a price-to-earnings ratio of 76.18 and a beta of 1.00. Smurfit Westrock Ltd has a 1-year low of $37.01 and a 1-year high of $56.99. The company has a 50 day moving average price of $42.84 and a 200 day moving average price of $49.52.

Smurfit Westrock (NYSE:SW) last issued its earnings results on Thursday, May 1st. The company reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.08. The business had revenue of $7.66 billion for the quarter, compared to analysts’ expectations of $7.41 billion. Smurfit Westrock had a return on equity of 6.16% and a net margin of 0.63%. Smurfit Westrock’s revenue was up 161.3% compared to the same quarter last year. On average, research analysts anticipate that Smurfit Westrock Ltd will post 3.25 EPS for the current fiscal year.

Institutional Trading of Smurfit Westrock

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Retirement Wealth Solutions LLC purchased a new position in shares of Smurfit Westrock in the fourth quarter worth approximately $25,000. Versant Capital Management Inc purchased a new position in Smurfit Westrock during the 4th quarter worth approximately $27,000. MassMutual Private Wealth & Trust FSB raised its stake in Smurfit Westrock by 117.7% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 516 shares of the company’s stock valued at $28,000 after purchasing an additional 279 shares during the period. Deseret Mutual Benefit Administrators purchased a new stake in shares of Smurfit Westrock in the fourth quarter valued at $30,000. Finally, University of Texas Texas AM Investment Management Co. acquired a new stake in shares of Smurfit Westrock in the fourth quarter worth $30,000. Institutional investors and hedge funds own 83.38% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on SW. Morgan Stanley reduced their price target on Smurfit Westrock from $66.00 to $64.00 and set an “overweight” rating for the company in a research report on Tuesday, March 11th. Truist Financial decreased their target price on shares of Smurfit Westrock from $62.00 to $50.00 and set a “buy” rating for the company in a research report on Tuesday, April 22nd. Royal Bank of Canada dropped their price target on shares of Smurfit Westrock from $57.00 to $56.00 and set an “outperform” rating on the stock in a research report on Friday, May 2nd. Finally, Wells Fargo & Company decreased their price objective on shares of Smurfit Westrock from $53.00 to $43.00 and set an “equal weight” rating for the company in a report on Tuesday, April 8th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $58.60.

About Smurfit Westrock

Smurfit Westrock Plc, together with its subsidiaries, manufactures, distributes, and sells containerboard, corrugated containers, and other paper-based packaging products in Ireland and internationally. The company produces containerboard that it converts into corrugated containers or sells to third parties, as well as produces other types of paper, such as consumer packaging board, sack paper, graphic paper, solid board and graphic board, and other paper-based packaging products, such as consumer packaging, solid board packaging, paper sacks, and other packaging products, including bag-in-box.