Caprock Group LLC Buys 3,270 Shares of Graphic Packaging Holding (NYSE:GPK)

Caprock Group LLC raised its stake in shares of Graphic Packaging Holding (NYSE:GPK) by 39.1% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,624 shares of the industrial products company’s stock after purchasing an additional 3,270 shares during the period. Caprock Group LLC’s holdings in Graphic Packaging were worth $306,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently made changes to their positions in GPK. Principal Securities Inc. bought a new position in shares of Graphic Packaging during the fourth quarter valued at approximately $26,000. Rise Advisors LLC purchased a new stake in Graphic Packaging in the first quarter worth $26,000. OLD Point Trust & Financial Services N A bought a new stake in shares of Graphic Packaging during the fourth quarter worth $27,000. LRI Investments LLC purchased a new stake in shares of Graphic Packaging during the first quarter valued at $38,000. Finally, GAMMA Investing LLC grew its holdings in shares of Graphic Packaging by 46.3% in the second quarter. GAMMA Investing LLC now owns 2,744 shares of the industrial products company’s stock worth $72,000 after purchasing an additional 868 shares during the last quarter. 99.67% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on GPK. Wells Fargo & Company lifted their price objective on shares of Graphic Packaging from $21.00 to $24.00 and gave the company an “underweight” rating in a report on Wednesday, July 31st. Truist Financial reiterated a “buy” rating and issued a $35.00 price target (up previously from $33.00) on shares of Graphic Packaging in a report on Wednesday, July 31st. Stifel Nicolaus initiated coverage on Graphic Packaging in a report on Tuesday, July 9th. They set a “buy” rating and a $35.20 price objective on the stock. Royal Bank of Canada reiterated an “outperform” rating and issued a $35.00 target price on shares of Graphic Packaging in a report on Wednesday, September 4th. Finally, Robert W. Baird raised their price target on Graphic Packaging from $30.00 to $36.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat, Graphic Packaging currently has an average rating of “Moderate Buy” and a consensus price target of $31.15.

Insider Buying and Selling

In other Graphic Packaging news, CEO Michael P. Doss sold 49,183 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $27.91, for a total transaction of $1,372,697.53. Following the transaction, the chief executive officer now owns 1,909,576 shares in the company, valued at approximately $53,296,266.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Graphic Packaging news, CEO Michael P. Doss sold 86,374 shares of the business’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $28.05, for a total transaction of $2,422,790.70. Following the sale, the chief executive officer now owns 2,123,202 shares in the company, valued at approximately $59,555,816.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Michael P. Doss sold 49,183 shares of the stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $27.91, for a total transaction of $1,372,697.53. Following the completion of the transaction, the chief executive officer now owns 1,909,576 shares in the company, valued at approximately $53,296,266.16. The disclosure for this sale can be found here. 1.20% of the stock is owned by company insiders.

Graphic Packaging Stock Up 1.9 %

Shares of Graphic Packaging stock opened at $29.57 on Friday. Graphic Packaging Holding has a 52-week low of $20.07 and a 52-week high of $30.66. The firm’s 50 day moving average price is $28.26 and its 200-day moving average price is $27.76. The company has a quick ratio of 0.58, a current ratio of 1.45 and a debt-to-equity ratio of 1.75. The company has a market cap of $9.09 billion, a P/E ratio of 13.38, a PEG ratio of 5.13 and a beta of 0.83.

Graphic Packaging (NYSE:GPK) last posted its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.04. Graphic Packaging had a return on equity of 30.74% and a net margin of 7.93%. The firm had revenue of $2.24 billion during the quarter, compared to analysts’ expectations of $2.27 billion. During the same quarter last year, the firm earned $0.66 EPS. The business’s quarterly revenue was down 6.5% on a year-over-year basis. On average, sell-side analysts predict that Graphic Packaging Holding will post 2.66 EPS for the current fiscal year.

Graphic Packaging Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, October 5th. Investors of record on Sunday, September 15th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.35%. The ex-dividend date of this dividend is Friday, September 13th. Graphic Packaging’s payout ratio is currently 18.10%.

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.