Packaging Corporation of America (NYSE:PKG) Given “Buy” Rating at Truist Financial

Truist Financial reissued their buy rating on shares of Packaging Corporation of America (NYSE:PKG) in a research note released on Monday,Benzinga reports. Truist Financial currently has a $258.00 price objective on the industrial products company’s stock, down from their previous price objective of $260.00.

PKG has been the topic of a number of other reports. Weiss Ratings downgraded Packaging Corporation of America from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, February 27th. Zacks Research raised Packaging Corporation of America from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 6th. Citigroup dropped their price target on shares of Packaging Corporation of America from $227.00 to $217.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 14th. JPMorgan Chase & Co. boosted their price objective on shares of Packaging Corporation of America from $225.00 to $246.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, UBS Group decreased their price objective on shares of Packaging Corporation of America from $235.00 to $225.00 and set a “neutral” rating for the company in a report on Friday, April 10th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $228.86.

Packaging Corporation of America Trading Down 0.1%

Shares of NYSE:PKG opened at $212.70 on Monday. The company has a current ratio of 3.17, a quick ratio of 1.94 and a debt-to-equity ratio of 0.86. The stock has a market capitalization of $18.94 billion, a PE ratio of 25.88, a P/E/G ratio of 1.92 and a beta of 0.90. Packaging Corporation of America has a 1 year low of $178.30 and a 1 year high of $249.51. The firm has a fifty day moving average price of $216.94 and a 200 day moving average price of $212.55.

Packaging Corporation of America (NYSE:PKG) last posted its earnings results on Wednesday, April 22nd. The industrial products company reported $2.40 earnings per share for the quarter, beating the consensus estimate of $2.17 by $0.23. Packaging Corporation of America had a return on equity of 19.20% and a net margin of 8.04%.The company had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.45 billion. During the same period last year, the company earned $2.31 earnings per share. The business’s revenue was up 10.6% compared to the same quarter last year. Packaging Corporation of America has set its Q2 2026 guidance at 2.330-2.330 EPS. Analysts expect that Packaging Corporation of America will post 10.83 EPS for the current fiscal year.

Packaging Corporation of America Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Friday, March 13th were issued a $1.25 dividend. The ex-dividend date of this dividend was Friday, March 13th. This represents a $5.00 dividend on an annualized basis and a yield of 2.4%. Packaging Corporation of America’s dividend payout ratio (DPR) is 60.83%.

Insider Buying and Selling

In other news, President Thomas A. Hassfurther sold 12,129 shares of the company’s stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $230.50, for a total transaction of $2,795,734.50. Following the completion of the transaction, the president directly owned 197,062 shares in the company, valued at $45,422,791. The trade was a 5.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.60% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Packaging Corporation of America

A number of institutional investors and hedge funds have recently bought and sold shares of PKG. HB Wealth Management LLC raised its stake in Packaging Corporation of America by 5.0% during the 1st quarter. HB Wealth Management LLC now owns 10,844 shares of the industrial products company’s stock valued at $2,301,000 after purchasing an additional 518 shares during the last quarter. Turtle Creek Wealth Advisors LLC bought a new position in shares of Packaging Corporation of America during the 1st quarter worth about $304,000. Sierra Summit Advisors LLC increased its holdings in shares of Packaging Corporation of America by 4.4% during the 1st quarter. Sierra Summit Advisors LLC now owns 5,530 shares of the industrial products company’s stock worth $1,174,000 after purchasing an additional 235 shares during the period. Y Intercept Hong Kong Ltd acquired a new position in shares of Packaging Corporation of America during the first quarter valued at about $7,933,000. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund acquired a new position in shares of Packaging Corporation of America during the first quarter valued at about $2,048,000. Institutional investors own 89.78% of the company’s stock.

Packaging Corporation of America Company Profile

Packaging Corporation of America (NYSE: PKG) is a leading North American manufacturer of containerboard and corrugated packaging products. The company produces a range of paper-based packaging solutions including linerboard, corrugating medium, corrugated shipping containers, retail-ready packaging and point-of-purchase displays. In addition to core packaging products, Packaging Corporation of America offers packaging design, testing and supply-chain services intended to optimize protection, cost and sustainability for customers.

Headquartered in Lake Forest, Illinois, the company operates an integrated network of mills and corrugated manufacturing facilities across the United States and serves customers throughout North America in industries such as e-commerce, grocery and food & beverage, consumer packaged goods and industrial markets.