Townsquare Capital LLC Raises Holdings in Graphic Packaging Holding (NYSE:GPK)

Townsquare Capital LLC raised its holdings in shares of Graphic Packaging Holding (NYSE:GPK - Free Report) by 363.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 35,781 shares of the industrial products company's stock after acquiring an additional 28,059 shares during the quarter. Townsquare Capital LLC's holdings in Graphic Packaging were worth $972,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Alliancebernstein L.P. raised its position in shares of Graphic Packaging by 920.6% during the 4th quarter. Alliancebernstein L.P. now owns 4,176,187 shares of the industrial products company's stock valued at $113,425,000 after buying an additional 3,767,011 shares in the last quarter. Norges Bank purchased a new position in shares of Graphic Packaging in the 4th quarter worth approximately $98,268,000. Hennessy Advisors Inc. bought a new position in shares of Graphic Packaging during the 4th quarter valued at approximately $51,642,000. Allspring Global Investments Holdings LLC raised its holdings in Graphic Packaging by 11.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 16,503,189 shares of the industrial products company's stock valued at $441,990,000 after buying an additional 1,702,764 shares during the period. Finally, Boston Trust Walden Corp bought a new stake in Graphic Packaging in the fourth quarter worth $34,131,000. 99.67% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

GPK has been the subject of several analyst reports. Citigroup restated a "neutral" rating and issued a $30.00 target price (down previously from $33.00) on shares of Graphic Packaging in a report on Monday, January 6th. Raymond James lowered their target price on shares of Graphic Packaging from $32.00 to $30.00 and set an "outperform" rating for the company in a research note on Tuesday. Robert W. Baird decreased their price objective on shares of Graphic Packaging from $36.00 to $32.00 and set an "outperform" rating for the company in a report on Wednesday, February 5th. Truist Financial decreased their price target on shares of Graphic Packaging from $30.00 to $28.00 and set a "hold" rating for the company in a research note on Tuesday. Finally, Wells Fargo & Company upgraded Graphic Packaging from an "underweight" rating to an "equal weight" rating and raised their price objective for the stock from $24.00 to $27.00 in a report on Monday, January 6th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $30.89.

Graphic Packaging Stock Up 0.6 %

Graphic Packaging stock traded up $0.14 during midday trading on Thursday, reaching $25.31. The company's stock had a trading volume of 506,927 shares, compared to its average volume of 2,424,439. Graphic Packaging Holding has a 52-week low of $23.03 and a 52-week high of $30.70. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.46 and a quick ratio of 0.54. The stock has a market capitalization of $7.64 billion, a P/E ratio of 11.71, a PEG ratio of 2.10 and a beta of 0.80. The stock's 50-day simple moving average is $25.83 and its 200-day simple moving average is $27.44.

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

Graphic Packaging Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Saturday, April 5th. Shareholders of record on Saturday, March 15th were given a dividend of $0.11 per share. The ex-dividend date was 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 yield of 1.74%. Graphic Packaging's dividend payout ratio (DPR) is currently 20.37%.

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.