Balefire LLC Acquires Shares of 20,396 Smurfit Westrock PLC $SW

Balefire LLC acquired a new position in Smurfit Westrock PLC (NYSE:SW) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 20,396 shares of the company’s stock, valued at approximately $813,000.

Several other large investors also recently made changes to their positions in the business. CYBER HORNET ETFs LLC acquired a new position in Smurfit Westrock during the 2nd quarter worth about $29,000. DV Equities LLC bought a new position in shares of Smurfit Westrock in the fourth quarter worth about $28,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in shares of Smurfit Westrock during the fourth quarter worth approximately $28,000. Root Financial Partners LLC lifted its position in shares of Smurfit Westrock by 187.6% during the first quarter. Root Financial Partners LLC now owns 768 shares of the company’s stock worth $31,000 after purchasing an additional 501 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of Smurfit Westrock during the fourth quarter valued at approximately $31,000. Institutional investors own 83.38% of the company’s stock.

Smurfit Westrock Price Performance

SW opened at $43.17 on Tuesday. The company has a fifty day moving average price of $42.47 and a two-hundred day moving average price of $42.45. The firm has a market capitalization of $22.64 billion, a PE ratio of 59.96, a P/E/G ratio of 0.73 and a beta of 0.95. Smurfit Westrock PLC has a 52 week low of $32.73 and a 52 week high of $52.65. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.95 and a current ratio of 1.44.

Smurfit Westrock (NYSE:SW) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.03). The company had revenue of $7.71 billion for the quarter, compared to analyst estimates of $7.57 billion. Smurfit Westrock had a return on equity of 4.96% and a net margin of 1.22%.The firm’s revenue for the quarter was up .7% on a year-over-year basis. During the same period last year, the firm earned $0.74 earnings per share. As a group, analysts anticipate that Smurfit Westrock PLC will post 2.24 earnings per share for the current year.

Smurfit Westrock Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 15th were given a $0.4523 dividend. This represents a $1.81 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date was Friday, May 15th. Smurfit Westrock’s dividend payout ratio (DPR) is currently 251.39%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on SW shares. Truist Financial boosted their price objective on shares of Smurfit Westrock from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Wednesday, July 15th. Deutsche Bank Aktiengesellschaft initiated coverage on Smurfit Westrock in a research report on Tuesday, June 23rd. They issued a “buy” rating and a $57.00 price objective on the stock. Citigroup lifted their target price on Smurfit Westrock from $51.00 to $56.00 and gave the company a “buy” rating in a research note on Thursday, July 9th. Weiss Ratings upgraded Smurfit Westrock from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday. Finally, Wells Fargo & Company upped their price target on Smurfit Westrock from $50.00 to $52.00 and gave the company an “overweight” rating in a research note on Thursday, July 9th. Eleven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $54.83.

Smurfit Westrock Profile

Smurfit Westrock Plc, together with its subsidiaries, manufactures, distributes, and sells containerboard, corrugated containers, and other paper-based packaging products in Ireland and internationally. The company produces containerboard that it converts into corrugated containers or sells to third parties, as well as produces other types of paper, such as consumer packaging board, sack paper, graphic paper, solid board and graphic board, and other paper-based packaging products, such as consumer packaging, solid board packaging, paper sacks, and other packaging products, including bag-in-box.