Graphic Packaging Holding Company $GPK Shares Bought by Fuller & Thaler Asset Management Inc.

Key Points

• Fuller & Thaler Asset Management Inc. increased its stake in Graphic Packaging Holding Company by 0.1%, owning 14,615,607 shares valued at approximately $379.4 million.
• Graphic Packaging's quarterly earnings report showed an EPS of $0.42, beating estimates, with revenue of $2.20 billion compared to a forecast of $2.13 billion.
• The company declared a quarterly dividend of $0.11, payable on October 5th, representing a 2.0% yield and a 24.86% payout ratio.

Fuller & Thaler Asset Management Inc. boosted its holdings in shares of Graphic Packaging Holding Company (NYSE:GPK - Free Report) by 0.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,615,607 shares of the industrial products company's stock after purchasing an additional 14,666 shares during the quarter. Graphic Packaging comprises approximately 1.5% of Fuller & Thaler Asset Management Inc.'s holdings, making the stock its 4th largest position. Fuller & Thaler Asset Management Inc. owned about 4.84% of Graphic Packaging worth $379,421,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Quantbot Technologies LP lifted its position in shares of Graphic Packaging by 106.2% during the 1st quarter. Quantbot Technologies LP now owns 37,311 shares of the industrial products company's stock worth $969,000 after buying an additional 19,219 shares during the period. Aptus Capital Advisors LLC increased its holdings in Graphic Packaging by 13.7% during the 1st quarter. Aptus Capital Advisors LLC now owns 231,126 shares of the industrial products company's stock valued at $6,000,000 after purchasing an additional 27,846 shares in the last quarter. Brooklyn Investment Group increased its stake in shares of Graphic Packaging by 69.9% in the 1st 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 period. Summit Securities Group LLC acquired a new stake in shares of Graphic Packaging in the 1st quarter valued at $64,000. Finally, Raymond James Financial Inc. grew its stake in shares of Graphic Packaging by 41.4% during the first quarter. Raymond James Financial Inc. now owns 1,336,367 shares of the industrial products company's stock worth $34,692,000 after purchasing an additional 391,264 shares during the period. Institutional investors own 99.67% of the company's stock.

Graphic Packaging Price Performance

Shares of GPK traded up $0.1340 during trading hours on Friday, reaching $23.0240. The stock had a trading volume of 5,052,748 shares, compared to its average volume of 3,958,616. The stock has a market capitalization of $6.82 billion, a PE ratio of 13.01, a PEG ratio of 7.78 and a beta of 0.73. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.56 and a current ratio of 1.43. Graphic Packaging Holding Company has a 12 month low of $20.86 and a 12 month high of $30.70. The company's 50-day moving average is $22.21 and its two-hundred day moving average is $23.85.

Graphic Packaging (NYSE:GPK - Get Free Report) last announced its earnings results on Tuesday, July 29th. The industrial products company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.02. The business had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.13 billion. Graphic Packaging had a return on equity of 21.13% and a net margin of 6.18%. Graphic Packaging has set its FY 2025 guidance at 1.900-2.20 EPS. Research analysts expect that Graphic Packaging Holding Company will post 2.47 EPS for the current year.

Graphic Packaging announced that its Board of Directors has authorized a share buyback program on Thursday, May 1st that allows the company to buyback $1.50 billion in shares. This buyback authorization allows the industrial products company to purchase up to 23.3% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's management believes its stock is undervalued.

Graphic Packaging Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Sunday, October 5th. Investors of record on Monday, September 15th will be given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Monday, September 15th. Graphic Packaging's dividend payout ratio (DPR) is currently 24.86%.

Insiders Place Their Bets

In other Graphic Packaging news, Director Philip R. Martens sold 7,015 shares of the stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $21.80, for a total transaction of $152,927.00. Following the completion of the sale, the director directly owned 26,811 shares in the company, valued at approximately $584,479.80. This trade represents a 20.74% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.41% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on GPK. Royal Bank Of Canada decreased their price objective on Graphic Packaging from $26.00 to $25.00 and set an "outperform" rating for the company in a research note on Wednesday, June 18th. Raymond James Financial restated an "outperform" rating and issued a $26.00 price target (down from $30.00) on shares of Graphic Packaging in a report on Friday, May 2nd. BNP Paribas Exane downgraded Graphic Packaging from an "outperform" rating to a "neutral" rating in a research report on Wednesday, June 25th. Wells Fargo & Company boosted their price target on Graphic Packaging from $21.00 to $23.00 and gave the stock an "equal weight" rating in a research report on Friday, July 18th. Finally, UBS Group initiated coverage on Graphic Packaging in a research report on Wednesday, June 4th. They set a "neutral" rating and a $24.00 price target on the stock. Four equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $26.38.

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.