Smurfit Westrock Ltd (NYSE:SW) Insider Sells $215,600.00 in Stock

Smurfit Westrock Ltd (NYSE:SW) insider Alvaro Henao sold 4,000 shares of the company’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $53.90, for a total value of $215,600.00. Following the completion of the sale, the insider now owns 44,361 shares of the company’s stock, valued at $2,391,057.90. This trade represents a 8.27 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Smurfit Westrock Trading Up 1.2 %

Shares of SW stock opened at $53.63 on Thursday. The company has a market cap of $27.91 billion, a PE ratio of 97.51 and a beta of 1.02. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.37 and a quick ratio of 0.89. The stock’s 50 day simple moving average is $53.60 and its two-hundred day simple moving average is $50.39. Smurfit Westrock Ltd has a 1 year low of $38.55 and a 1 year high of $56.99.

Smurfit Westrock (NYSE:SW) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.33). Smurfit Westrock had a net margin of 0.63% and a return on equity of 6.16%. Research analysts predict that Smurfit Westrock Ltd will post 3.25 earnings per share for the current year.

Smurfit Westrock Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 18th. Investors of record on Friday, February 14th will be paid a $0.4308 dividend. The ex-dividend date is Friday, February 14th. This represents a $1.72 annualized dividend and a yield of 3.21%. This is a boost from Smurfit Westrock’s previous quarterly dividend of $0.30. Smurfit Westrock’s dividend payout ratio is 312.73%.

Institutional Investors Weigh In On Smurfit Westrock

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

Wall Street Analyst Weigh In

Several research analysts recently weighed in on SW shares. Barclays upped their target price on shares of Smurfit Westrock from $60.00 to $68.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. JPMorgan Chase & Co. upped their price objective on Smurfit Westrock from $65.00 to $69.00 and gave the stock an “overweight” rating in a research note on Friday, November 29th. Truist Financial began coverage on Smurfit Westrock in a research note on Tuesday, January 21st. They set a “buy” rating and a $62.00 target price on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and set a $58.00 price objective on shares of Smurfit Westrock in a report on Friday, November 15th. Finally, Morgan Stanley boosted their target price on shares of Smurfit Westrock from $60.00 to $64.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, Smurfit Westrock currently has a consensus rating of “Moderate Buy” and an average target price of $60.70.

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.