Segall Bryant & Hamill LLC Has $11.03 Million Holdings in Graphic Packaging Holding (NYSE:GPK)

Segall Bryant & Hamill LLC increased its stake in shares of Graphic Packaging Holding (NYSE:GPK - Free Report) by 4.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 405,970 shares of the industrial products company's stock after purchasing an additional 16,569 shares during the quarter. Segall Bryant & Hamill LLC owned approximately 0.14% of Graphic Packaging worth $11,026,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in GPK. FMR LLC boosted its stake in shares of Graphic Packaging by 12.6% during the 3rd quarter. FMR LLC now owns 20,460,161 shares of the industrial products company's stock valued at $605,416,000 after buying an additional 2,294,688 shares during the period. Hennessy Advisors Inc. purchased a new stake in shares of Graphic Packaging during the fourth quarter worth $51,642,000. Allspring Global Investments Holdings LLC boosted its position in Graphic Packaging by 11.5% during the fourth 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 purchasing an additional 1,702,764 shares during the last quarter. Boston Trust Walden Corp purchased a new position in Graphic Packaging in the fourth quarter valued at about $34,131,000. Finally, American Century Companies Inc. increased its position in Graphic Packaging by 7.9% in the 4th quarter. American Century Companies Inc. now owns 16,555,660 shares of the industrial products company's stock worth $449,652,000 after purchasing an additional 1,206,295 shares during the last quarter. 99.67% of the stock is owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

Several brokerages recently commented on GPK. Robert W. Baird lowered their price target on Graphic Packaging from $36.00 to $32.00 and set an "outperform" rating for the company in a research note on Wednesday, February 5th. Citigroup reissued a "neutral" rating and issued a $30.00 target price (down from $33.00) on shares of Graphic Packaging in a research report on Monday, January 6th. Truist Financial cut their price target on shares of Graphic Packaging from $31.00 to $30.00 and set a "hold" rating on the stock in a report on Monday, March 24th. Finally, Wells Fargo & Company upgraded shares of 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 report on Monday, January 6th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Graphic Packaging currently has an average rating of "Hold" and an average target price of $31.37.

Graphic Packaging Stock Performance

GPK stock traded up $0.05 during midday trading on Friday, hitting $26.11. 2,751,329 shares of the company traded hands, compared to its average volume of 2,392,384. The business has a 50 day simple moving average of $26.76 and a 200-day simple moving average of $28.04. The company has a quick ratio of 0.54, a current ratio of 1.46 and a debt-to-equity ratio of 1.71. Graphic Packaging Holding has a twelve month low of $24.50 and a twelve month high of $30.70. The stock has a market capitalization of $7.84 billion, a price-to-earnings ratio of 12.09, a price-to-earnings-growth ratio of 2.10 and a beta of 0.81.

Graphic Packaging (NYSE:GPK - Get Free Report) last announced its earnings results 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 firm had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.15 billion. During the same quarter last year, the business earned $0.75 EPS. The business's revenue was down 6.8% compared to the same quarter last year. As a group, equities research analysts predict that Graphic Packaging Holding will post 2.47 earnings per share for the current year.

Graphic Packaging Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, April 5th. Investors of record on Saturday, March 15th will be paid a dividend of $0.11 per share. This is an increase from Graphic Packaging's previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.44 annualized dividend and a yield of 1.69%. Graphic Packaging's dividend payout ratio is presently 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.