Smurfit Westrock Ltd (NYSE:SW) Insider Alvaro Henao Sells 4,000 Shares

Smurfit Westrock Ltd (NYSE:SW - Get Free Report) insider Alvaro Henao sold 4,000 shares of the stock in a transaction on Monday, February 24th. The shares were sold at an average price of $53.90, for a total value of $215,600.00. Following the completion of the transaction, the insider now directly owns 44,361 shares in the company, valued at approximately $2,391,057.90. This trade represents a 8.27 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Smurfit Westrock Stock Up 0.9 %

SW stock traded up $0.46 during trading hours on Friday, reaching $52.15. 4,287,723 shares of the stock were exchanged, compared to its average volume of 3,374,095. The firm's 50-day moving average is $53.59 and its 200-day moving average is $50.63. The company has a market cap of $27.14 billion, a price-to-earnings ratio of 94.81 and a beta of 1.02. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.37 and a quick ratio of 0.89. Smurfit Westrock Ltd has a 12 month low of $38.55 and a 12 month high of $56.99.

Smurfit Westrock (NYSE:SW - Get Free Report) last released its earnings results on Wednesday, February 12th. The company reported $0.34 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.67 by ($0.33). Smurfit Westrock had a return on equity of 6.16% and a net margin of 0.63%. On average, equities research analysts expect that Smurfit Westrock Ltd will post 3.25 earnings per share for the current year.

Smurfit Westrock Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 18th. Stockholders of record on Friday, February 14th will be issued a $0.4308 dividend. This is a boost from Smurfit Westrock's previous quarterly dividend of $0.30. The ex-dividend date is Friday, February 14th. This represents a $1.72 annualized dividend and a dividend yield of 3.30%. Smurfit Westrock's dividend payout ratio (DPR) is presently 312.73%.

Analyst Ratings Changes

A number of research firms have recently weighed in on SW. Truist Financial began coverage on Smurfit Westrock in a research note on Tuesday, January 21st. They issued a "buy" rating and a $62.00 price target on the stock. Citigroup increased their price target on Smurfit Westrock from $61.00 to $62.00 and gave the company a "buy" rating in a research note on Monday, January 6th. Argus started coverage on Smurfit Westrock in a research note on Thursday, December 5th. They set a "buy" rating and a $62.00 price objective on the stock. Barclays raised their price objective on Smurfit Westrock from $60.00 to $68.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 11th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $58.00 price objective on shares of Smurfit Westrock in a research note on Friday, November 15th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $60.70.

Hedge Funds Weigh In On Smurfit Westrock

Several hedge funds have recently modified their holdings of SW. Retirement Wealth Solutions LLC bought a new position in shares of Smurfit Westrock in the 4th quarter valued at about $25,000. Versant Capital Management Inc bought a new position in shares of Smurfit Westrock in the 4th quarter valued at about $27,000. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Smurfit Westrock by 117.7% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 516 shares of the company's stock valued at $28,000 after acquiring an additional 279 shares in the last quarter. Deseret Mutual Benefit Administrators bought a new position in shares of Smurfit Westrock in the 4th quarter valued at about $30,000. Finally, University of Texas Texas AM Investment Management Co. bought a new position in shares of Smurfit Westrock in the 4th quarter valued at about $30,000. Institutional investors own 83.38% of the company's stock.

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.