Twinbeech Capital LP Trims Holdings in Graphic Packaging Holding (NYSE:GPK)

Twinbeech Capital LP lowered its holdings in Graphic Packaging Holding (NYSE:GPK - Free Report) by 82.6% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 36,648 shares of the industrial products company's stock after selling 174,288 shares during the period. Twinbeech Capital LP's holdings in Graphic Packaging were worth $995,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Picton Mahoney Asset Management grew its holdings 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 purchasing an additional 394 shares in the last quarter. 1620 Investment Advisors Inc. grew its holdings in shares of Graphic Packaging by 3.8% in the fourth quarter. 1620 Investment Advisors Inc. now owns 11,163 shares of the industrial products company's stock valued at $303,000 after purchasing an additional 413 shares in the last quarter. CIBC Asset Management Inc grew its holdings in shares of 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 purchasing an additional 477 shares in the last quarter. Sanctuary Advisors LLC grew its holdings in shares of Graphic Packaging by 2.0% in 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 in the last quarter. Finally, Keynote Financial Services LLC lifted its stake in Graphic Packaging by 6.9% in the fourth quarter. Keynote Financial Services LLC now owns 7,607 shares of the industrial products company's stock worth $207,000 after acquiring an additional 492 shares during the last quarter. Institutional investors and hedge funds own 99.67% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Raymond James reiterated an "outperform" rating and issued a $26.00 price target (down previously from $30.00) on shares of Graphic Packaging in a research note on Friday, May 2nd. Royal Bank of Canada decreased their price target on shares of Graphic Packaging from $32.00 to $26.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. Truist Financial decreased their price target on shares of Graphic Packaging from $30.00 to $28.00 and set a "hold" rating for the company in a research note on Tuesday, April 22nd. Finally, Robert W. Baird decreased their price target on shares of Graphic Packaging from $36.00 to $32.00 and set an "outperform" rating for the company in a research note on Wednesday, February 5th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $29.17.

Graphic Packaging Stock Up 1.9%

Shares of NYSE:GPK traded up $0.42 during trading on Tuesday, hitting $23.01. 786,884 shares of the company were exchanged, compared to its average volume of 2,827,180. The stock has a market capitalization of $6.94 billion, a P/E ratio of 10.65, a PEG ratio of 2.10 and a beta of 0.81. 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 firm's 50 day moving average price is $24.25 and its 200-day moving average price is $26.47.

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

Graphic Packaging announced that its board has approved a stock repurchase plan on Thursday, May 1st that allows the company to repurchase $1.50 billion in shares. This repurchase authorization allows the industrial products company to reacquire up to 23.3% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board of directors believes its shares are undervalued.

Graphic Packaging Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, July 5th. Investors of record on Sunday, June 15th will be given a $0.11 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.44 annualized dividend and a yield of 1.91%. Graphic Packaging's dividend payout ratio (DPR) is 21.46%.

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.