Terra Alpha Investments LLC Invests $1.25 Million in Graphic Packaging Holding (NYSE:GPK)

Terra Alpha Investments LLC acquired a new position in shares of Graphic Packaging Holding (NYSE:GPK - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 48,046 shares of the industrial products company's stock, valued at approximately $1,247,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in GPK. Picton Mahoney Asset Management grew its stake in shares of Graphic Packaging by 55.4% in the fourth quarter. Picton Mahoney Asset Management now owns 1,105 shares of the industrial products company's stock valued at $30,000 after buying an additional 394 shares in the last quarter. 1620 Investment Advisors Inc. boosted its holdings in Graphic Packaging by 3.8% in the 4th quarter. 1620 Investment Advisors Inc. now owns 11,163 shares of the industrial products company's stock worth $303,000 after acquiring an additional 413 shares during the period. CIBC Asset Management Inc grew its position in Graphic Packaging by 5.4% in the fourth quarter. CIBC Asset Management Inc now owns 9,231 shares of the industrial products company's stock valued at $251,000 after acquiring an additional 477 shares in the last quarter. Sanctuary Advisors LLC raised its stake in shares of Graphic Packaging by 2.0% during the fourth quarter. Sanctuary Advisors LLC now owns 24,606 shares of the industrial products company's stock valued at $692,000 after purchasing an additional 486 shares during the period. Finally, Keynote Financial Services LLC lifted its position in shares of Graphic Packaging by 6.9% during the fourth quarter. Keynote Financial Services LLC now owns 7,607 shares of the industrial products company's stock worth $207,000 after purchasing an additional 492 shares in the last quarter. Hedge funds and other institutional investors own 99.67% of the company's stock.

Graphic Packaging Stock Performance

GPK traded down $0.19 during trading hours on Thursday, hitting $21.66. 6,102,501 shares of the stock were exchanged, compared to its average volume of 2,556,540. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.46 and a quick ratio of 0.54. Graphic Packaging Holding has a 12 month low of $20.86 and a 12 month high of $30.70. The stock has a 50-day simple moving average of $23.39 and a 200-day simple moving average of $25.96. The stock has a market cap of $6.54 billion, a price-to-earnings ratio of 10.03, a price-to-earnings-growth ratio of 2.10 and a beta of 0.74.

Graphic Packaging (NYSE:GPK - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The industrial products company reported $0.51 earnings per share for the quarter, missing analysts' consensus estimates of $0.56 by ($0.05). Graphic Packaging had a net margin of 7.47% and a return on equity of 25.96%. The business had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $2.14 billion. During the same period in the prior year, the company earned $0.66 EPS. Graphic Packaging's quarterly revenue was down 6.2% on a year-over-year basis. Analysts anticipate that Graphic Packaging Holding will post 2.47 earnings per share for the current year.

Graphic Packaging announced that its board has authorized a share buyback program on Thursday, May 1st that permits the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization permits the industrial products company to buy up to 23.3% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's leadership believes its shares are undervalued.

Graphic Packaging Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Saturday, July 5th. Stockholders of record on Sunday, June 15th will be issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 2.03%. The ex-dividend date of this dividend is Friday, June 13th. Graphic Packaging's dividend payout ratio (DPR) is 21.46%.

Analyst Upgrades and Downgrades

GPK has been the topic of several analyst reports. Raymond James reaffirmed an "outperform" rating and set a $26.00 price target (down previously from $30.00) on shares of Graphic Packaging in a research note on Friday, May 2nd. UBS Group began coverage on Graphic Packaging in a research note on Wednesday, June 4th. They set a "neutral" rating and a $24.00 price objective for the company. Truist Financial cut their target price on Graphic Packaging from $30.00 to $28.00 and set a "hold" rating on the stock in a research report on Tuesday, April 22nd. Finally, Royal Bank of Canada reduced their target price on Graphic Packaging from $32.00 to $26.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $28.53.

Graphic Packaging 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.