Nemes Rush Group LLC Raises Stock Position in Graphic Packaging Holding (NYSE:GPK)

Nemes Rush Group LLC grew its stake in shares of Graphic Packaging Holding (NYSE:GPK) by 7.6% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 83,548 shares of the industrial products company’s stock after acquiring an additional 5,885 shares during the period. Nemes Rush Group LLC’s holdings in Graphic Packaging were worth $2,269,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Picton Mahoney Asset Management lifted its holdings in shares of Graphic Packaging by 55.4% in the 4th quarter. Picton Mahoney Asset Management now owns 1,105 shares of the industrial products company’s stock worth $30,000 after buying an additional 394 shares during the period. Crews Bank & Trust bought a new stake in shares of Graphic Packaging in the fourth quarter valued at about $32,000. Avior Wealth Management LLC lifted its stake in Graphic Packaging by 2,484.0% in the fourth quarter. Avior Wealth Management LLC now owns 1,292 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 1,242 shares during the period. Steward Partners Investment Advisory LLC grew its holdings in Graphic Packaging by 92.7% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,432 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 689 shares in the last quarter. Finally, UMB Bank n.a. increased its position in Graphic Packaging by 58.2% during the 4th quarter. UMB Bank n.a. now owns 1,493 shares of the industrial products company’s stock valued at $41,000 after purchasing an additional 549 shares during the period. Hedge funds and other institutional investors own 99.67% of the company’s stock.

Graphic Packaging Stock Performance

GPK opened at $25.96 on Tuesday. The firm’s 50-day moving average price is $26.72 and its 200-day moving average price is $28.02. The company has a market cap of $7.79 billion, a P/E ratio of 12.02, a price-to-earnings-growth ratio of 2.10 and a beta of 0.81. The company has a quick ratio of 0.54, a current ratio of 1.46 and a debt-to-equity ratio of 1.71. Graphic Packaging Holding has a 52-week low of $24.50 and a 52-week high of $30.70.

Graphic Packaging (NYSE:GPK) last posted its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $0.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.04). The company had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $2.15 billion. Graphic Packaging had a return on equity of 25.96% and a net margin of 7.47%. The company’s quarterly revenue was down 6.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.75 EPS. As a group, equities analysts anticipate that Graphic Packaging Holding will post 2.47 EPS for the current fiscal year.

Graphic Packaging Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, April 5th. Stockholders of record on Saturday, March 15th will be issued a $0.11 dividend. The ex-dividend date of this dividend is Friday, March 14th. This is a positive change from Graphic Packaging’s previous quarterly dividend of $0.10. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.70%. Graphic Packaging’s dividend payout ratio is currently 20.37%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on GPK. Robert W. Baird dropped their price objective on shares of Graphic Packaging from $36.00 to $32.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 5th. Wells Fargo & Company upgraded Graphic Packaging from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $24.00 to $27.00 in a report on Monday, January 6th. Truist Financial decreased their price objective on Graphic Packaging from $31.00 to $30.00 and set a “hold” rating for the company in a research note on Monday, March 24th. Finally, Citigroup reiterated a “neutral” rating and issued a $30.00 target price (down previously from $33.00) on shares of Graphic Packaging in a research note on Monday, January 6th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $31.37.

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.