Strs Ohio Buys New Stake in Graphic Packaging Holding Company $GPK

Strs Ohio bought a new stake in shares of Graphic Packaging Holding Company (NYSE:GPK) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 65,847 shares of the industrial products company’s stock, valued at approximately $1,709,000.

Other institutional investors also recently bought and sold shares of the company. Brooklyn Investment Group grew its stake in Graphic Packaging by 69.9% during the first quarter. Brooklyn Investment Group now owns 1,065 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 438 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in Graphic Packaging during the first quarter valued at $28,000. Wayfinding Financial LLC purchased a new position in shares of Graphic Packaging in the 1st quarter worth $42,000. UMB Bank n.a. grew its stake in shares of Graphic Packaging by 42.3% in the 1st quarter. UMB Bank n.a. now owns 2,125 shares of the industrial products company’s stock worth $55,000 after buying an additional 632 shares in the last quarter. Finally, Summit Securities Group LLC purchased a new position in shares of Graphic Packaging in the 1st quarter worth $64,000. 99.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Bank of America dropped their price objective on shares of Graphic Packaging from $31.00 to $28.00 and set a “buy” rating for the company in a research note on Wednesday, July 9th. BNP Paribas Exane cut shares of Graphic Packaging from an “outperform” rating to a “neutral” rating in a research note on Wednesday, June 25th. Truist Financial dropped their price objective on shares of Graphic Packaging from $24.00 to $23.00 and set a “hold” rating for the company in a research note on Friday, July 11th. Royal Bank Of Canada dropped their price objective on shares of Graphic Packaging from $26.00 to $25.00 and set an “outperform” rating for the company in a research note on Wednesday, June 18th. Finally, UBS Group assumed coverage on shares of Graphic Packaging in a research note on Wednesday, June 4th. They issued a “neutral” rating and a $24.00 price objective for the company. Four analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $26.38.

Graphic Packaging Price Performance

Graphic Packaging stock opened at $20.34 on Wednesday. The firm has a 50-day moving average price of $22.19 and a 200-day moving average price of $23.20. The firm has a market capitalization of $6.03 billion, a PE ratio of 11.49, a price-to-earnings-growth ratio of 6.87 and a beta of 0.75. The company has a current ratio of 1.43, a quick ratio of 0.56 and a debt-to-equity ratio of 1.68. Graphic Packaging Holding Company has a 12-month low of $20.10 and a 12-month high of $30.70.

Graphic Packaging (NYSE:GPK) last released its earnings results on Tuesday, July 29th. The industrial products company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.02. The firm had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.13 billion. Graphic Packaging had a net margin of 6.18% and a return on equity of 21.13%. Graphic Packaging has set its FY 2025 guidance at 1.900-2.20 EPS. As a group, equities research analysts forecast that Graphic Packaging Holding Company will post 2.47 EPS for the current year.

Graphic Packaging Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 8th. Shareholders of record on Monday, September 15th will be given a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Monday, September 15th. Graphic Packaging’s payout ratio is 24.86%.

Insider Activity

In other Graphic Packaging news, EVP Joseph P. Yost sold 30,000 shares of the business’s stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $22.72, for a total value of $681,600.00. Following the completion of the sale, the executive vice president directly owned 255,203 shares of the company’s stock, valued at $5,798,212.16. The trade was a 10.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Philip R. Martens sold 7,015 shares of the business’s stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $21.80, for a total transaction of $152,927.00. Following the completion of the sale, the director directly owned 26,811 shares of the company’s stock, valued at approximately $584,479.80. This trade represents a 20.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 93,752 shares of company stock valued at $2,073,663. 1.41% of the stock is owned by corporate insiders.

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.