Fox Run Management L.L.C. Acquires New Stake in Graphic Packaging Holding (NYSE:GPK)

Fox Run Management L.L.C. bought a new position in Graphic Packaging Holding (NYSE:GPK) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 23,884 shares of the industrial products company’s stock, valued at approximately $649,000.

Other institutional investors have also recently modified their holdings of the company. Picton Mahoney Asset Management raised its position 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 worth $30,000 after purchasing an additional 394 shares during the last quarter. Worldquant Millennium Advisors LLC raised its holdings in Graphic Packaging by 1.1% in the third quarter. Worldquant Millennium Advisors LLC now owns 38,064 shares of the industrial products company’s stock worth $1,126,000 after buying an additional 401 shares during the last quarter. 1620 Investment Advisors Inc. lifted its stake in shares of Graphic Packaging by 3.8% in the fourth quarter. 1620 Investment Advisors Inc. now owns 11,163 shares of the industrial products company’s stock worth $303,000 after buying an additional 413 shares in the last quarter. CIBC Asset Management Inc grew its holdings in shares of Graphic Packaging by 5.4% during the fourth quarter. CIBC Asset Management Inc now owns 9,231 shares of the industrial products company’s stock valued at $251,000 after buying an additional 477 shares during the last quarter. Finally, Sanctuary Advisors LLC increased its position in shares of Graphic Packaging by 2.0% during the fourth quarter. Sanctuary Advisors LLC now owns 24,606 shares of the industrial products company’s stock valued at $692,000 after acquiring an additional 486 shares in the last quarter. 99.67% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on GPK shares. Robert W. Baird lowered their price objective on Graphic Packaging from $36.00 to $32.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 5th. Citigroup reaffirmed a “neutral” rating and set a $30.00 price target (down from $33.00) on shares of Graphic Packaging in a report on Monday, January 6th. Wells Fargo & Company upgraded Graphic Packaging from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $24.00 to $27.00 in a report on Monday, January 6th. Finally, Truist Financial lowered their target price on shares of Graphic Packaging from $31.00 to $30.00 and set a “hold” rating on the stock in a research note on Monday. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $31.37.

Graphic Packaging Stock Up 0.2 %

GPK stock opened at $25.35 on Tuesday. The company has a market cap of $7.61 billion, a price-to-earnings ratio of 11.73, a P/E/G ratio of 2.10 and a beta of 0.81. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.54 and a current ratio of 1.46. The business’s 50-day moving average is $26.90 and its two-hundred day moving average is $28.14. Graphic Packaging Holding has a fifty-two week low of $24.50 and a fifty-two week high of $30.70.

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

Graphic Packaging Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, April 5th. Stockholders of record on Saturday, March 15th will be given a dividend of $0.11 per share. This is an increase from Graphic Packaging’s previous quarterly dividend of $0.10. The ex-dividend date is Friday, March 14th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.74%. Graphic Packaging’s payout ratio is presently 20.37%.

Graphic Packaging Profile

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.