Horizon Investments LLC Boosts Stock Holdings in Packaging Corporation of America $PKG

Horizon Investments LLC boosted its stake in shares of Packaging Corporation of America (NYSE:PKG) by 240.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 43,793 shares of the industrial products company’s stock after acquiring an additional 30,948 shares during the period. Horizon Investments LLC’s holdings in Packaging Corporation of America were worth $9,031,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Cornerstone Planning Group LLC raised its stake in Packaging Corporation of America by 105.4% during the third quarter. Cornerstone Planning Group LLC now owns 115 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 59 shares during the period. KERR FINANCIAL PLANNING Corp purchased a new position in Packaging Corporation of America during the third quarter worth approximately $31,000. NBT Bank N A NY purchased a new position in Packaging Corporation of America during the third quarter worth approximately $41,000. Cary Street Partners Investment Advisory LLC raised its stake in Packaging Corporation of America by 40.7% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 197 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 57 shares during the period. Finally, Geneos Wealth Management Inc. raised its stake in Packaging Corporation of America by 40.4% during the first quarter. Geneos Wealth Management Inc. now owns 198 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 57 shares during the period. Hedge funds and other institutional investors own 89.78% of the company’s stock.

Insider Buying and Selling at Packaging Corporation of America

In other news, President Thomas A. Hassfurther sold 12,129 shares of the company’s stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $230.50, for a total value of $2,795,734.50. Following the completion of the transaction, the president directly owned 197,062 shares in the company, valued at approximately $45,422,791. This represents a 5.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.60% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on PKG shares. Argus raised shares of Packaging Corporation of America to a “strong-buy” rating in a research note on Thursday, February 26th. Truist Financial reaffirmed a “buy” rating and set a $258.00 price target (down from $260.00) on shares of Packaging Corporation of America in a research note on Monday, April 27th. Deutsche Bank Aktiengesellschaft began coverage on shares of Packaging Corporation of America in a research note on Wednesday, April 1st. They set a “hold” rating and a $225.00 price target on the stock. Citigroup reduced their price target on shares of Packaging Corporation of America from $227.00 to $217.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 14th. Finally, Weiss Ratings lowered shares of Packaging Corporation of America from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, February 27th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, Packaging Corporation of America has an average rating of “Moderate Buy” and an average target price of $229.86.

Packaging Corporation of America Price Performance

Packaging Corporation of America stock opened at $218.06 on Friday. Packaging Corporation of America has a 52-week low of $178.30 and a 52-week high of $249.51. The firm has a fifty day moving average of $215.64 and a 200-day moving average of $212.73. The firm has a market capitalization of $19.41 billion, a P/E ratio of 26.53, a PEG ratio of 1.97 and a beta of 0.82. The company has a quick ratio of 1.94, a current ratio of 3.17 and a debt-to-equity ratio of 0.86.

Packaging Corporation of America (NYSE:PKG) last released its quarterly earnings data on Wednesday, April 22nd. The industrial products company reported $2.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.17 by $0.23. Packaging Corporation of America had a net margin of 8.04% and a return on equity of 19.20%. The company had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.45 billion. During the same quarter in the prior year, the business earned $2.31 earnings per share. The business’s quarterly revenue was up 10.6% compared to the same quarter last year. Packaging Corporation of America has set its Q2 2026 guidance at 2.330-2.330 EPS. As a group, analysts predict that Packaging Corporation of America will post 10.84 EPS for the current year.

Packaging Corporation of America Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Friday, March 13th were given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend was Friday, March 13th. Packaging Corporation of America’s payout ratio is presently 60.83%.

Packaging Corporation of America Company Profile

Packaging Corporation of America (NYSE: PKG) is a leading North American manufacturer of containerboard and corrugated packaging products. The company produces a range of paper-based packaging solutions including linerboard, corrugating medium, corrugated shipping containers, retail-ready packaging and point-of-purchase displays. In addition to core packaging products, Packaging Corporation of America offers packaging design, testing and supply-chain services intended to optimize protection, cost and sustainability for customers.

Headquartered in Lake Forest, Illinois, the company operates an integrated network of mills and corrugated manufacturing facilities across the United States and serves customers throughout North America in industries such as e-commerce, grocery and food & beverage, consumer packaged goods and industrial markets.