Graphic Packaging (NYSE:GPK) Issues Quarterly Earnings Results

Graphic Packaging (NYSE:GPK) posted its quarterly earnings data on Monday. The industrial products company reported $0.24 earnings per share for the quarter, FiscalAI reports. Graphic Packaging had a return on equity of 16.58% and a net margin of 5.15%.The company had revenue of $2.10 billion during the quarter.

Graphic Packaging Stock Performance

GPK opened at $11.76 on Tuesday. The stock’s 50 day simple moving average is $14.17 and its 200 day simple moving average is $16.76. The stock has a market cap of $3.47 billion, a P/E ratio of 7.94 and a beta of 0.65. Graphic Packaging has a 1-year low of $11.63 and a 1-year high of $28.19. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.30 and a quick ratio of 0.52.

Graphic Packaging Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 8th. Investors of record on Sunday, March 15th will be issued a $0.11 dividend. The ex-dividend date is Friday, March 13th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.7%. Graphic Packaging’s dividend payout ratio is currently 29.73%.

Analyst Upgrades and Downgrades

GPK has been the topic of a number of analyst reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of Graphic Packaging in a research report on Monday, December 29th. Truist Financial set a $14.00 target price on shares of Graphic Packaging in a report on Wednesday, February 4th. Robert W. Baird set a $15.00 price target on shares of Graphic Packaging in a research note on Wednesday, February 4th. Zacks Research downgraded shares of Graphic Packaging from a “hold” rating to a “strong sell” rating in a research report on Wednesday, January 14th. Finally, Citigroup dropped their target price on Graphic Packaging from $16.00 to $13.00 and set a “neutral” rating on the stock in a research report on Thursday, February 5th. Eight research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average target price of $16.63.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. AQR Capital Management LLC boosted its position in shares of Graphic Packaging by 36.6% in the 1st quarter. AQR Capital Management LLC now owns 171,608 shares of the industrial products company’s stock worth $4,453,000 after buying an additional 45,944 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Graphic Packaging by 9.9% in the first quarter. Goldman Sachs Group Inc. now owns 1,471,519 shares of the industrial products company’s stock valued at $38,201,000 after purchasing an additional 132,692 shares in the last quarter. Bessemer Group Inc. lifted its holdings in shares of Graphic Packaging by 130.7% in the second quarter. Bessemer Group Inc. now owns 1,382 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 783 shares in the last quarter. Hantz Financial Services Inc. increased its stake in shares of Graphic Packaging by 1,356.1% during the 2nd quarter. Hantz Financial Services Inc. now owns 1,791 shares of the industrial products company’s stock worth $38,000 after purchasing an additional 1,668 shares in the last quarter. Finally, Retirement Systems of Alabama increased its stake in shares of Graphic Packaging by 0.9% during the 2nd quarter. Retirement Systems of Alabama now owns 368,812 shares of the industrial products company’s stock worth $7,771,000 after purchasing an additional 3,416 shares in the last quarter. Hedge funds and other institutional investors own 99.67% of the company’s stock.

Graphic Packaging Company Profile

Graphic Packaging Holding Company is a leading provider of sustainable paperboard packaging solutions, offering a broad portfolio of products designed for food, beverage and other consumer goods markets. The company specializes in the manufacture of containerboard, folding cartons and engineered fill materials, as well as beverage packaging systems including paperboard cups, carriers and related components.

Through a network of manufacturing facilities across North America, Europe and Latin America, Graphic Packaging serves a diverse customer base that includes major consumer packaged goods companies, quick-service restaurants and retail chains.