Turning Point Brands, Inc. (NYSE:TPB) Stock Holdings Trimmed by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC reduced its position in Turning Point Brands, Inc. (NYSE:TPB) by 71.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,500 shares of the company’s stock after selling 44,572 shares during the quarter. Segall Bryant & Hamill LLC owned approximately 0.10% of Turning Point Brands worth $755,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. Lazard Asset Management LLC acquired a new stake in Turning Point Brands in the first quarter worth approximately $48,000. Copeland Capital Management LLC acquired a new stake in Turning Point Brands during the 3rd quarter valued at $61,000. SG Americas Securities LLC acquired a new stake in Turning Point Brands during the 2nd quarter valued at $129,000. The Manufacturers Life Insurance Company acquired a new stake in Turning Point Brands during the 2nd quarter valued at $209,000. Finally, Magnetar Financial LLC acquired a new position in shares of Turning Point Brands in the second quarter worth $212,000. 96.12% of the stock is owned by institutional investors.

Turning Point Brands Trading Up 1.3 %

Shares of NYSE TPB opened at $62.65 on Monday. The company’s fifty day moving average is $46.86 and its 200-day moving average is $39.48. The stock has a market cap of $1.11 billion, a price-to-earnings ratio of 24.86 and a beta of 0.63. Turning Point Brands, Inc. has a twelve month low of $21.98 and a twelve month high of $63.51. The company has a quick ratio of 1.78, a current ratio of 4.21 and a debt-to-equity ratio of 1.33.

Turning Point Brands (NYSE:TPB) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.01. The firm had revenue of $105.62 million for the quarter, compared to analyst estimates of $100.71 million. Turning Point Brands had a net margin of 11.63% and a return on equity of 33.14%. The company’s revenue was up 3.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.69 EPS. Equities research analysts predict that Turning Point Brands, Inc. will post 2.59 EPS for the current year.

Turning Point Brands Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Friday, December 20th will be issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 0.45%. The ex-dividend date of this dividend is Friday, December 20th. Turning Point Brands’s payout ratio is 11.11%.

Analyst Upgrades and Downgrades

Several research firms have commented on TPB. Roth Capital raised shares of Turning Point Brands to a “strong-buy” rating in a research report on Friday, November 8th. Benchmark upped their price target on shares of Turning Point Brands from $45.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. StockNews.com cut shares of Turning Point Brands from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 24th. Oppenheimer began coverage on shares of Turning Point Brands in a research report on Thursday, November 14th. They issued an “outperform” rating and a $65.00 price target for the company. Finally, Roth Mkm started coverage on shares of Turning Point Brands in a research report on Thursday, September 19th. They issued a “buy” rating and a $50.00 price target for the company. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $60.00.

Turning Point Brands Profile

Turning Point Brands, Inc, together with its subsidiaries, manufactures, markets, and distributes branded consumer products. The company operates through three segments: Zig-Zag Products, Stoker’s Products, and Creative Distribution Solutions. Zig-Zag Products segment markets and distributes rolling papers, tubes, finished cigars, make-your-own cigar wraps, and related products, as well as lighters and other accessories under the Zig-Zag brand.