Graphic Packaging Holding Company $GPK Holdings Boosted by QRG Capital Management Inc.

Key Points

• QRG Capital Management Inc. increased its holdings in Graphic Packaging by 36.6% in Q2, bringing their total ownership to 51,159 shares valued at $1,078,000.
• Graphic Packaging reported $0.42 earnings per share (EPS) for the last quarter, exceeding expectations of $0.40, with a revenue of $2.20 billion, surpassing analyst projections.
• The company recently declared a quarterly dividend of $0.11 per share, yielding 2.3%, with an annualized dividend of $0.44 and a payout ratio of 24.86%.

QRG Capital Management Inc. boosted its holdings in Graphic Packaging Holding Company (NYSE:GPK - Free Report) by 36.6% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 51,159 shares of the industrial products company's stock after acquiring an additional 13,695 shares during the period. QRG Capital Management Inc.'s holdings in Graphic Packaging were worth $1,078,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Brooklyn Investment Group lifted its stake in Graphic Packaging by 69.9% in the first quarter. Brooklyn Investment Group now owns 1,065 shares of the industrial products company's stock valued at $28,000 after buying an additional 438 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in Graphic Packaging in the first quarter valued at $28,000. Wayfinding Financial LLC bought a new stake in Graphic Packaging in the first quarter valued at $42,000. UMB Bank n.a. lifted its stake in Graphic Packaging by 42.3% in the first quarter. UMB Bank n.a. now owns 2,125 shares of the industrial products company's stock valued at $55,000 after buying an additional 632 shares during the last quarter. Finally, Summit Securities Group LLC bought a new stake in Graphic Packaging in the first quarter valued at $64,000. 99.67% of the stock is currently owned by institutional investors.

Graphic Packaging Price Performance

Shares of Graphic Packaging stock opened at $18.78 on Thursday. The company has a current ratio of 1.43, a quick ratio of 0.56 and a debt-to-equity ratio of 1.68. The company's 50-day moving average price is $21.13 and its two-hundred day moving average price is $22.45. Graphic Packaging Holding Company has a 52 week low of $18.76 and a 52 week high of $30.70. The stock has a market cap of $5.56 billion, a PE ratio of 10.61, a price-to-earnings-growth ratio of 6.45 and a beta of 0.74.

Graphic Packaging (NYSE:GPK - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The industrial products company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.40 by $0.02. Graphic Packaging had a net margin of 6.18% and a return on equity of 21.13%. The firm had revenue of $2.20 billion for the quarter, compared to analysts' expectations of $2.13 billion. Graphic Packaging has set its FY 2025 guidance at 1.900-2.20 EPS. As a group, sell-side analysts anticipate that Graphic Packaging Holding Company will post 2.47 EPS for the current fiscal year.

Graphic Packaging Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 8th. Shareholders of record on Monday, September 15th were given a $0.11 dividend. The ex-dividend date was Monday, September 15th. This represents a $0.44 annualized dividend and a yield of 2.3%. Graphic Packaging's payout ratio is 24.86%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on GPK shares. UBS Group cut their target price on Graphic Packaging from $24.00 to $20.00 and set a "neutral" rating on the stock in a research note on Monday. Royal Bank Of Canada cut their target price on Graphic Packaging from $26.00 to $25.00 and set an "outperform" rating on the stock in a research note on Wednesday, June 18th. Wells Fargo & Company cut their price objective on shares of Graphic Packaging from $23.00 to $20.00 and set an "equal weight" rating on the stock in a research note on Wednesday, September 17th. BNP Paribas Exane cut shares of Graphic Packaging from an "outperform" rating to a "neutral" rating in a research note on Wednesday, June 25th. Finally, Bank of America cut their price objective on shares of Graphic Packaging from $31.00 to $28.00 and set a "buy" rating on the stock in a research note on Wednesday, July 9th. Four analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Graphic Packaging presently has an average rating of "Hold" and an average target price of $24.38.

Insider Activity

In other Graphic Packaging news, Director Philip R. Martens sold 7,015 shares of the business's stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $21.80, for a total value of $152,927.00. Following the sale, the director directly owned 26,811 shares in the company, valued at approximately $584,479.80. The trade was a 20.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Joseph P. Yost sold 30,000 shares of the business's stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $22.72, for a total transaction of $681,600.00. Following the completion of the sale, the executive vice president owned 255,203 shares in the company, valued at approximately $5,798,212.16. This trade represents a 10.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 93,752 shares of company stock worth $2,073,663. 1.41% of the stock is owned by company insiders.

Graphic Packaging Company Profile

Graphic Packaging Holding Company, together with its subsidiaries, designs, produces, and sells consumer packaging products to brands in food, beverage, foodservice, household, and other consumer products. It operates through three segments: Paperboard Manufacturing, Americas Paperboard Packaging, and Europe Paperboard Packaging.

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