Brandywine Global Investment Management LLC Sells 181,911 Shares of Graphic Packaging Holding Company $GPK

Brandywine Global Investment Management LLC lessened its holdings in shares of Graphic Packaging Holding Company (NYSE:GPK) by 49.6% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 184,575 shares of the industrial products company’s stock after selling 181,911 shares during the period. Brandywine Global Investment Management LLC owned approximately 0.06% of Graphic Packaging worth $3,889,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its stake in shares of Graphic Packaging by 54.7% in the second quarter. GAMMA Investing LLC now owns 5,841 shares of the industrial products company’s stock worth $123,000 after acquiring an additional 2,065 shares during the last quarter. Advocate Group LLC boosted its holdings in Graphic Packaging by 16.2% in the 2nd quarter. Advocate Group LLC now owns 290,184 shares of the industrial products company’s stock valued at $6,114,000 after purchasing an additional 40,466 shares during the period. Terra Alpha Investments LLC grew its position in Graphic Packaging by 74.7% in the 2nd quarter. Terra Alpha Investments LLC now owns 83,929 shares of the industrial products company’s stock worth $1,768,000 after purchasing an additional 35,883 shares during the last quarter. Harbor Capital Advisors Inc. grew its position in Graphic Packaging by 21.6% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 434,871 shares of the industrial products company’s stock worth $9,163,000 after purchasing an additional 77,162 shares during the last quarter. Finally, Howard Capital Management Group LLC increased its holdings in shares of Graphic Packaging by 2.8% during the 2nd quarter. Howard Capital Management Group LLC now owns 1,056,963 shares of the industrial products company’s stock worth $22,270,000 after purchasing an additional 29,215 shares during the period. Institutional investors and hedge funds own 99.67% of the company’s stock.

Graphic Packaging Stock Performance

Shares of NYSE:GPK opened at $15.57 on Monday. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.43 and a quick ratio of 0.56. The business’s fifty day moving average price is $17.66 and its two-hundred day moving average price is $20.60. Graphic Packaging Holding Company has a fifty-two week low of $14.90 and a fifty-two week high of $30.49. The stock has a market capitalization of $4.59 billion, a price-to-earnings ratio of 8.79 and a beta of 0.72.

Graphic Packaging (NYSE:GPK) last issued its earnings results on Tuesday, November 4th. The industrial products company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.54 by $0.04. Graphic Packaging had a net margin of 6.18% and a return on equity of 21.13%. The company had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.17 billion. Graphic Packaging has set its FY 2025 guidance at 1.800-2.000 EPS. As a group, analysts predict that Graphic Packaging Holding Company will post 2.47 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently weighed in on GPK. Royal Bank Of Canada downgraded Graphic Packaging from an “outperform” rating to a “sector perform” rating and decreased their target price for the stock from $25.00 to $21.00 in a research report on Thursday, October 9th. Zacks Research lowered Graphic Packaging from a “hold” rating to a “strong sell” rating in a report on Monday, November 3rd. Weiss Ratings restated a “hold (c-)” rating on shares of Graphic Packaging in a research report on Wednesday, October 8th. Wells Fargo & Company reduced their target price on Graphic Packaging from $20.00 to $18.00 and set an “equal weight” rating for the company in a research report on Thursday, November 6th. Finally, Truist Financial decreased their price target on shares of Graphic Packaging from $23.00 to $20.00 and set a “hold” rating on the stock in a research note on Monday, October 13th. One equities research analyst has rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $22.63.

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.