Flputnam Investment Management Co. Has $5.21 Million Holdings in Graphic Packaging Holding (NYSE:GPK)

Flputnam Investment Management Co. increased its stake in Graphic Packaging Holding (NYSE:GPK - Free Report) by 8.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 191,860 shares of the industrial products company's stock after purchasing an additional 15,077 shares during the period. Flputnam Investment Management Co. owned approximately 0.06% of Graphic Packaging worth $5,211,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in GPK. Howard Capital Management Group LLC raised its holdings in shares of Graphic Packaging by 0.3% in the third quarter. Howard Capital Management Group LLC now owns 1,007,968 shares of the industrial products company's stock valued at $29,826,000 after purchasing an additional 2,969 shares during the last quarter. Private Advisor Group LLC grew its position in Graphic Packaging by 26.1% in the third quarter. Private Advisor Group LLC now owns 27,575 shares of the industrial products company's stock valued at $816,000 after purchasing an additional 5,699 shares in the last quarter. State of Alaska Department of Revenue increased its stake in Graphic Packaging by 5.0% in the 3rd quarter. State of Alaska Department of Revenue now owns 34,865 shares of the industrial products company's stock valued at $1,031,000 after buying an additional 1,660 shares during the last quarter. Stephens Inc. AR lifted its position in Graphic Packaging by 4.2% during the 3rd quarter. Stephens Inc. AR now owns 36,227 shares of the industrial products company's stock worth $1,072,000 after buying an additional 1,455 shares in the last quarter. Finally, Lebenthal Global Advisors LLC acquired a new position in shares of Graphic Packaging during the 3rd quarter worth about $217,000. Institutional investors own 99.67% of the company's stock.

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Graphic Packaging Stock Performance

GPK stock traded up $0.41 during mid-day trading on Wednesday, hitting $26.24. 2,265,768 shares of the company were exchanged, compared to its average volume of 2,313,177. Graphic Packaging Holding has a 1-year low of $25.13 and a 1-year high of $30.70. The stock has a market capitalization of $7.88 billion, a PE ratio of 12.15, a price-to-earnings-growth ratio of 2.10 and a beta of 0.84. The business has a 50 day simple moving average of $27.05 and a 200-day simple moving average of $28.42. The company has a current ratio of 1.46, a quick ratio of 0.54 and a debt-to-equity ratio of 1.71.

Graphic Packaging (NYSE:GPK - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $0.59 earnings per share for the quarter, missing the consensus estimate of $0.63 by ($0.04). The firm had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.15 billion. Graphic Packaging had a return on equity of 25.96% and a net margin of 7.47%. The business's revenue for the quarter was down 6.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.75 earnings per share. On average, equities analysts forecast that Graphic Packaging Holding will post 2.47 earnings per share for the current year.

Graphic Packaging Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, April 5th. Investors of record on Saturday, March 15th will be given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.68%. This is a positive change from Graphic Packaging's previous quarterly dividend of $0.10. The ex-dividend date is Friday, March 14th. Graphic Packaging's dividend payout ratio (DPR) is currently 20.37%.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Robert W. Baird dropped their target price on Graphic Packaging from $36.00 to $32.00 and set an "outperform" rating on the stock in a report on Wednesday, February 5th. Wells Fargo & Company upgraded Graphic Packaging from an "underweight" rating to an "equal weight" rating and upped their price objective for the stock from $24.00 to $27.00 in a research note on Monday, January 6th. Citigroup reissued a "neutral" rating and issued a $30.00 target price (down from $33.00) on shares of Graphic Packaging in a research note on Monday, January 6th. Finally, Truist Financial upped their price target on shares of Graphic Packaging from $30.00 to $32.00 and gave the stock a "hold" rating in a research report on Monday, January 6th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $31.70.

Graphic Packaging 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.