Smurfit Westrock PLC $SW Holdings Boosted by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System boosted its position in shares of Smurfit Westrock PLC (NYSE:SW) by 4.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 25,321 shares of the company’s stock after purchasing an additional 1,159 shares during the period. Maryland State Retirement & Pension System’s holdings in Smurfit Westrock were worth $1,093,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Zions Bancorporation National Association UT purchased a new position in Smurfit Westrock during the 1st quarter worth approximately $29,000. Tsfg LLC purchased a new position in Smurfit Westrock during the 1st quarter worth approximately $30,000. IMA Advisory Services Inc. purchased a new position in Smurfit Westrock during the 1st quarter worth approximately $30,000. Smallwood Wealth Investment Management LLC purchased a new position in Smurfit Westrock during the 1st quarter worth approximately $40,000. Finally, SVB Wealth LLC purchased a new position in Smurfit Westrock during the 1st quarter worth approximately $49,000. 83.38% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

SW has been the topic of several research analyst reports. Seaport Res Ptn upgraded shares of Smurfit Westrock from a “hold” rating to a “strong-buy” rating in a report on Monday, October 6th. Wells Fargo & Company set a $52.00 price target on shares of Smurfit Westrock and gave the company an “overweight” rating in a report on Tuesday, October 7th. UBS Group started coverage on shares of Smurfit Westrock in a report on Monday, September 15th. They set a “buy” rating and a $60.00 price target on the stock. Jefferies Financial Group upgraded shares of Smurfit Westrock from a “hold” rating to a “buy” rating and boosted their price target for the company from $44.00 to $55.00 in a report on Monday, June 16th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Smurfit Westrock from $60.00 to $61.00 and gave the company an “overweight” rating in a report on Monday, October 6th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Smurfit Westrock presently has a consensus rating of “Buy” and an average target price of $57.80.

Smurfit Westrock Trading Down 5.5%

Shares of NYSE:SW opened at $40.53 on Monday. The stock has a market capitalization of $21.16 billion, a PE ratio of 61.40 and a beta of 1.09. Smurfit Westrock PLC has a 1 year low of $37.01 and a 1 year high of $56.99. The firm has a fifty day moving average price of $44.08 and a 200 day moving average price of $43.91. The company has a current ratio of 1.45, a quick ratio of 0.95 and a debt-to-equity ratio of 0.73.

Smurfit Westrock (NYSE:SW) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.12). The business had revenue of $7.94 billion during the quarter, compared to the consensus estimate of $7.88 billion. Smurfit Westrock had a return on equity of 5.90% and a net margin of 1.14%.The company’s revenue was up 167.4% compared to the same quarter last year. Analysts expect that Smurfit Westrock PLC will post 3.25 EPS for the current fiscal year.

Smurfit Westrock Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Friday, August 15th were issued a $0.4308 dividend. The ex-dividend date was Friday, August 15th. This represents a $1.72 dividend on an annualized basis and a yield of 4.3%. Smurfit Westrock’s dividend payout ratio is currently 260.61%.

Smurfit Westrock Company Profile

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.