Standpoint Research lowered shares of KapStone Paper and Packaging Corp. (NYSE:KS) from a buy rating to a hold rating in a research report report published on Friday morning.

Analyst Recommendations for KapStone Paper and Packaging Corp. (NYSE:KS)

A number of other research analysts have also recently commented on KS. Dundee Securities upgraded KapStone Paper and Packaging Corp. from a neutral rating to a buy rating in a report on Tuesday, July 19th. Zacks Investment Research cut KapStone Paper and Packaging Corp. from a hold rating to a sell rating in a report on Tuesday, July 5th. Bank of America Corp. upgraded KapStone Paper and Packaging Corp. from an underperform rating to a neutral rating and set a $18.00 price objective on the stock in a report on Monday, August 29th. Finally, Deutsche Bank AG upped their price objective on KapStone Paper and Packaging Corp. from $14.00 to $15.00 and gave the company a hold rating in a report on Wednesday, August 10th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. KapStone Paper and Packaging Corp. currently has an average rating of Hold and an average target price of $17.69.

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

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

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 13th. Stockholders 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 dividend yield of 2.19%. The ex-dividend date of this dividend is Wednesday, September 28th. KapStone Paper and Packaging Corp.’s dividend payout ratio is currently 47.06%.

In other 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 sale, the director now owns 1,189,400 shares of the company’s stock, valued at $17,948,046. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 13.30% of the company’s stock.

Several hedge funds have recently bought and sold shares of the company. ProShare Advisors LLC raised its stake in KapStone Paper and Packaging Corp. by 0.6% in the second quarter. ProShare Advisors LLC now owns 19,462 shares of the company’s stock worth $253,000 after buying an additional 124 shares in the last quarter. PineBridge Investments L.P. raised its stake in KapStone Paper and Packaging Corp. by 4.0% in the second quarter. PineBridge Investments L.P. now owns 10,894 shares of the company’s stock worth $141,000 after buying an additional 415 shares in the last quarter. Metropolitan Life Insurance Co. NY raised its stake in KapStone Paper and Packaging Corp. by 0.8% in the second quarter. Metropolitan Life Insurance Co. NY now owns 58,898 shares of the company’s stock worth $766,000 after buying an additional 445 shares in the last quarter. Arizona State Retirement System raised its stake in KapStone Paper and Packaging Corp. by 1.4% in the second quarter. Arizona State Retirement System now owns 44,551 shares of the company’s stock worth $580,000 after buying an additional 600 shares in the last quarter. Finally, Capstone Asset Management Co. raised its stake in KapStone Paper and Packaging Corp. by 3.0% in the second quarter. Capstone Asset Management Co. now owns 25,032 shares of the company’s stock worth $326,000 after buying an additional 720 shares in the last quarter. 82.54% of the stock is currently owned by institutional investors and hedge funds.

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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