30,704 Shares in Smurfit Westrock PLC $SW Bought by Paragon Capital Management Inc.

Paragon Capital Management Inc. purchased a new position in Smurfit Westrock PLC (NYSE:SW) in the first quarter, Holdings Channel.com reports. The institutional investor purchased 30,704 shares of the company’s stock, valued at approximately $1,224,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. SG Americas Securities LLC boosted its position in shares of Smurfit Westrock by 264.5% during the 1st quarter. SG Americas Securities LLC now owns 555,264 shares of the company’s stock worth $22,127,000 after purchasing an additional 402,911 shares in the last quarter. Stance Capital LLC bought a new stake in Smurfit Westrock in the 4th quarter valued at about $1,503,000. Rockefeller Capital Management L.P. raised its stake in Smurfit Westrock by 39.8% during the 4th quarter. Rockefeller Capital Management L.P. now owns 10,784 shares of the company’s stock worth $417,000 after buying an additional 3,071 shares during the period. Corient Private Wealth LLC raised its stake in Smurfit Westrock by 34.1% during the 4th quarter. Corient Private Wealth LLC now owns 9,308 shares of the company’s stock worth $360,000 after buying an additional 2,368 shares during the period. Finally, Compound Planning Inc. raised its stake in Smurfit Westrock by 21.1% during the 4th quarter. Compound Planning Inc. now owns 8,739 shares of the company’s stock worth $338,000 after buying an additional 1,521 shares during the period. 83.38% of the stock is owned by institutional investors.

Smurfit Westrock Price Performance

SW stock opened at $45.44 on Tuesday. The company has a market capitalization of $23.83 billion, a P/E ratio of 63.11 and a beta of 0.96. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.95 and a current ratio of 1.44. Smurfit Westrock PLC has a 52-week low of $32.73 and a 52-week high of $52.65. The business has a 50-day simple moving average of $40.92 and a two-hundred day simple moving average of $41.43.

Smurfit Westrock (NYSE:SW) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.03). The company had revenue of $7.71 billion for the quarter, compared to the consensus estimate of $7.57 billion. Smurfit Westrock had a return on equity of 4.96% and a net margin of 1.22%.The business’s revenue for the quarter was up .7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.74 earnings per share. Research analysts expect that Smurfit Westrock PLC will post 2.32 EPS for the current fiscal year.

Smurfit Westrock Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 15th were issued a dividend of $0.4523 per share. The ex-dividend date was Friday, May 15th. This represents a $1.81 annualized dividend and a yield of 4.0%. Smurfit Westrock’s dividend payout ratio is 251.39%.

Wall Street Analyst Weigh In

A number of brokerages have commented on SW. UBS Group reduced their price objective on Smurfit Westrock from $60.00 to $56.00 and set a “buy” rating for the company in a research note on Monday, April 13th. Morgan Stanley reaffirmed an “overweight” rating and set a $57.00 target price on shares of Smurfit Westrock in a research report on Wednesday, May 6th. Barclays cut their target price on Smurfit Westrock from $54.00 to $52.00 and set an “overweight” rating on the stock in a report on Thursday, May 21st. Weiss Ratings reissued a “hold (c)” rating on shares of Smurfit Westrock in a research report on Friday, May 29th. Finally, The Goldman Sachs Group initiated coverage on shares of Smurfit Westrock in a research note on Tuesday, March 24th. They set a “buy” rating and a $49.00 price target for the company. Ten research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $53.00.

Smurfit Westrock 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.