13,272 Shares in Smurfit Westrock Ltd (NYSE:SW) Bought by HB Wealth Management LLC

HB Wealth Management LLC purchased a new stake in shares of Smurfit Westrock Ltd (NYSE:SW - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 13,272 shares of the company's stock, valued at approximately $715,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SW. Private Management Group Inc. bought a new position in Smurfit Westrock in the 3rd quarter valued at $9,405,000. Intech Investment Management LLC bought a new position in Smurfit Westrock during the third quarter worth about $597,000. Moors & Cabot Inc. bought a new position in Smurfit Westrock during the third quarter worth about $520,000. Citigroup Inc. acquired a new stake in shares of Smurfit Westrock in the 3rd quarter valued at about $77,207,000. Finally, Nordea Investment Management AB raised its stake in shares of Smurfit Westrock by 11.0% in the 4th quarter. Nordea Investment Management AB now owns 5,039,818 shares of the company's stock valued at $272,049,000 after purchasing an additional 500,699 shares during the period. 83.38% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Smurfit Westrock

In other Smurfit Westrock news, insider Saverio Mayer sold 25,000 shares of the firm's stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $54.84, for a total value of $1,371,000.00. Following the completion of the transaction, the insider now directly owns 149,911 shares of the company's stock, valued at $8,221,119.24. This trade represents a 14.29 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.49% of the company's stock.

Smurfit Westrock Trading Up 0.6 %

Shares of SW stock traded up $0.34 during trading hours on Wednesday, hitting $55.33. 4,492,177 shares of the company were exchanged, compared to its average volume of 2,906,678. The company's fifty day moving average price is $53.66. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.48 and a quick ratio of 0.98. Smurfit Westrock Ltd has a 52-week low of $38.55 and a 52-week high of $56.99. The firm has a market cap of $28.78 billion, a PE ratio of 307.41 and a beta of 1.03.

Smurfit Westrock (NYSE:SW - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.71 by ($0.23). The business had revenue of $7.67 billion during the quarter, compared to the consensus estimate of $8.04 billion. Smurfit Westrock had a positive return on equity of 5.98% and a negative net margin of 0.12%. During the same period last year, the business posted $0.81 earnings per share. Sell-side analysts anticipate that Smurfit Westrock Ltd will post 2.65 EPS for the current year.

Smurfit Westrock Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Friday, November 15th were issued a $0.3025 dividend. This represents a $1.21 annualized dividend and a yield of 2.19%. The ex-dividend date of this dividend was Friday, November 15th. Smurfit Westrock's dividend payout ratio (DPR) is presently 672.22%.

Wall Street Analysts Forecast Growth

SW has been the topic of a number of recent research reports. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $58.00 target price on shares of Smurfit Westrock in a research report on Friday, November 15th. Barclays boosted their price objective on Smurfit Westrock from $60.00 to $68.00 and gave the stock an "overweight" rating in a report on Wednesday, December 11th. Wells Fargo & Company cut their price target on Smurfit Westrock from $53.00 to $50.00 and set an "equal weight" rating for the company in a research note on Monday, October 7th. JPMorgan Chase & Co. boosted their price target on Smurfit Westrock from $65.00 to $69.00 and gave the company an "overweight" rating in a research note on Friday, November 29th. Finally, Citigroup boosted their price objective on shares of Smurfit Westrock from $61.00 to $62.00 and gave the company a "buy" rating in a research report on Monday, January 6th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $60.70.

About Smurfit Westrock

Smurfit Westrock Plc, together with its subsidiaries, manufactures, distributes, and sells containerboard, corrugated containers, and other paper-based packaging products in Ireland and internationally. The company produces containerboard that it converts into corrugated containers or sells to third parties, as well as produces other types of paper, such as consumer packaging board, sack paper, graphic paper, solid board and graphic board, and other paper-based packaging products, such as consumer packaging, solid board packaging, paper sacks, and other packaging products, including bag-in-box.