Graphic Packaging (NYSE:GPK) Given New $20.00 Price Target at Truist Financial

Graphic Packaging (NYSE:GPK) had its price target lowered by Truist Financial from $23.00 to $20.00 in a research report sent to investors on Monday morning, Marketbeat.com reports. The firm currently has a hold rating on the industrial products company’s stock.

Other analysts have also issued research reports about the company. Weiss Ratings restated a “hold (c-)” rating on shares of Graphic Packaging in a report on Wednesday, October 8th. Citigroup lowered their price target on shares of Graphic Packaging from $23.00 to $21.00 and set a “neutral” rating on the stock in a report on Monday, October 6th. UBS Group lowered their price target on shares of Graphic Packaging from $24.00 to $20.00 and set a “neutral” rating on the stock in a report on Monday, October 6th. Royal Bank Of Canada cut shares of Graphic Packaging from an “outperform” rating to a “sector perform” rating and lowered their price target for the company from $25.00 to $21.00 in a report on Thursday. Finally, Bank of America restated a “neutral” rating and set a $24.00 price target on shares of Graphic Packaging in a report on Thursday, October 9th. Two research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $23.00.

Graphic Packaging Price Performance

GPK opened at $17.50 on Monday. The stock has a fifty day moving average of $20.88 and a 200-day moving average of $22.24. The firm has a market capitalization of $5.18 billion, a P/E ratio of 9.89 and a beta of 0.74. Graphic Packaging has a 12-month low of $17.33 and a 12-month high of $30.70. The company has a quick ratio of 0.56, a current ratio of 1.43 and a debt-to-equity ratio of 1.68.

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, beating analysts’ consensus estimates of $0.40 by $0.02. The company had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.13 billion. Graphic Packaging had a return on equity of 21.13% and a net margin of 6.18%. Graphic Packaging has set its FY 2025 guidance at 1.900-2.20 EPS. Equities analysts forecast that Graphic Packaging will post 2.47 EPS for the current fiscal year.

Graphic Packaging Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 8th. Stockholders of record on Monday, September 15th were given a dividend of $0.11 per share. The ex-dividend date of this dividend was Monday, September 15th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.5%. Graphic Packaging’s dividend payout ratio is currently 24.86%.

Insider Transactions at Graphic Packaging

In related news, Director Philip R. Martens sold 56,737 shares of the company’s stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $21.84, for a total value of $1,239,136.08. Following the sale, the director owned 33,826 shares of the company’s stock, valued at $738,759.84. The trade was a 62.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Joseph P. Yost sold 30,000 shares of the company’s stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $22.72, for a total transaction of $681,600.00. Following the completion of the sale, the executive vice president directly owned 255,203 shares in the company, valued at approximately $5,798,212.16. The trade was a 10.52% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 93,752 shares of company stock valued at $2,073,663 in the last ninety days. 1.41% of the stock is owned by company insiders.

Institutional Trading of Graphic Packaging

Several large investors have recently added to or reduced their stakes in GPK. Victory Capital Management Inc. lifted its position in shares of Graphic Packaging by 1,004.9% during the first quarter. Victory Capital Management Inc. now owns 9,240,697 shares of the industrial products company’s stock worth $239,888,000 after purchasing an additional 8,404,340 shares in the last quarter. American Century Companies Inc. lifted its holdings in Graphic Packaging by 19.1% in the second quarter. American Century Companies Inc. now owns 22,022,347 shares of the industrial products company’s stock valued at $464,011,000 after buying an additional 3,533,846 shares during the period. Norges Bank acquired a new position in Graphic Packaging in the second quarter valued at approximately $55,632,000. Epoch Investment Partners Inc. lifted its holdings in Graphic Packaging by 11,000.0% in the first quarter. Epoch Investment Partners Inc. now owns 1,299,806 shares of the industrial products company’s stock valued at $33,743,000 after buying an additional 1,288,096 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its holdings in Graphic Packaging by 7.7% in the second quarter. Allspring Global Investments Holdings LLC now owns 17,636,296 shares of the industrial products company’s stock valued at $385,353,000 after buying an additional 1,264,922 shares during the period. 99.67% of the stock is owned by institutional investors.

Graphic Packaging Company 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.