KapStone Paper and Packaging Corp. (NYSE:KS) was downgraded by investment analysts at Dundee Securities from a “buy” rating to a “neutral” rating in a report issued on Monday.

KS has been the topic of several other reports. Zacks Investment Research lowered KapStone Paper and Packaging Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, July 5th. Bank of America Corp. raised KapStone Paper and Packaging Corp. from an “underperform” rating to a “neutral” rating and set a $18.00 target price on the stock in a report on Monday, August 29th. Deutsche Bank AG boosted their target price on KapStone Paper and Packaging Corp. from $14.00 to $15.00 and gave the stock a “hold” rating in a report on Wednesday, August 10th. Finally, Standpoint Research downgraded KapStone Paper and Packaging Corp. from a “buy” rating to a “hold” rating in a report on Friday, September 16th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. KapStone Paper and Packaging Corp. has an average rating of “Hold” and an average price target of $17.69.

Shares of KapStone Paper and Packaging Corp. (NYSE:KS) opened at 18.25 on Monday. The stock’s 50 day moving average price is $16.58 and its 200 day moving average price is $14.79. KapStone Paper and Packaging Corp. has a 12 month low of $8.95 and a 12 month high of $24.91. The stock has a market capitalization of $1.76 billion, a price-to-earnings ratio of 21.47 and a beta of 2.49.

KapStone Paper and Packaging Corp. (NYSE:KS) last posted its earnings results on Wednesday, July 27th. The company reported $0.27 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by $0.02. KapStone Paper and Packaging Corp. had a net margin of 2.68% and a return on equity of 12.64%. The business had revenue of $784.91 million for the quarter, compared to analysts’ expectations of $820.11 million. During the same period last year, the firm posted $0.44 earnings per share. KapStone Paper and Packaging Corp.’s quarterly revenue was up 16.9% on a year-over-year basis. Analysts expect that KapStone Paper and Packaging Corp. will post $1.18 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 13th. Investors of record on Friday, September 30th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date of this dividend is Wednesday, September 28th. KapStone Paper and Packaging Corp.’s dividend payout ratio (DPR) is presently 47.06%.

In related news, Director Jonathan R. Furer sold 25,000 shares of the company’s stock in a transaction on Thursday, August 4th. The stock was sold at an average price of $15.09, for a total transaction of $377,250.00. Following the completion of the sale, the director now owns 1,189,400 shares in the company, valued at $17,948,046. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 13.30% of the company’s stock.

Hedge funds have recently bought and sold shares of the stock. Mason Street Advisors LLC purchased a new stake in KapStone Paper and Packaging Corp. during the second quarter worth approximately $218,000. Schwab Charles Investment Management Inc. boosted its stake in shares of KapStone Paper and Packaging Corp. by 7.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 410,549 shares of the company’s stock worth $5,342,000 after buying an additional 27,747 shares during the last quarter. Stifel Financial Corp boosted its stake in shares of KapStone Paper and Packaging Corp. by 17.5% in the second quarter. Stifel Financial Corp now owns 27,743 shares of the company’s stock worth $361,000 after buying an additional 4,130 shares during the last quarter. Amalgamated Bank bought a new stake in shares of KapStone Paper and Packaging Corp. during the second quarter worth approximately $162,000. Finally, Fiera Capital Corp bought a new stake in shares of KapStone Paper and Packaging Corp. during the second quarter worth approximately $21,892,000. Institutional investors own 82.54% of the company’s stock.

KapStone Paper and Packaging Corp. Company Profile

KapStone Paper and Packaging Corporation is engaged in the production of containerboard, corrugated products and specialty paper. The Company operates through two segments: Paper and Packaging, and Distribution. The Company operates approximately four paper mills. It produces approximately 2.7 million tons of containerboard and specialty paper at its mills in North Charleston, South Carolina; Roanoke Rapids, North Carolina; Cowpens, South Carolina, and Longview, Washington.

5 Day Chart for NYSE:KS

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