NorthRock Partners LLC Acquires 15,408 Shares of Graphic Packaging Holding (NYSE:GPK)

NorthRock Partners LLC boosted its holdings in Graphic Packaging Holding (NYSE:GPK - Free Report) by 101.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,536 shares of the industrial products company's stock after acquiring an additional 15,408 shares during the quarter. NorthRock Partners LLC's holdings in Graphic Packaging were worth $829,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Picton Mahoney Asset Management increased its stake in 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 acquiring an additional 394 shares during the period. Crews Bank & Trust bought a new position in shares of Graphic Packaging during the fourth quarter valued at $32,000. Avior Wealth Management LLC boosted its stake in shares of Graphic Packaging by 2,484.0% in the 4th quarter. Avior Wealth Management LLC now owns 1,292 shares of the industrial products company's stock valued at $35,000 after purchasing an additional 1,242 shares in the last quarter. Steward Partners Investment Advisory LLC grew its holdings in shares of Graphic Packaging by 92.7% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,432 shares of the industrial products company's stock worth $39,000 after purchasing an additional 689 shares during the last quarter. Finally, UMB Bank n.a. increased its position in shares of Graphic Packaging by 58.2% during the 4th quarter. UMB Bank n.a. now owns 1,493 shares of the industrial products company's stock worth $41,000 after purchasing an additional 549 shares in the last quarter. Institutional investors own 99.67% of the company's stock.

Wall Street Analysts Forecast Growth

GPK has been the topic of several research analyst reports. Robert W. Baird decreased their price objective on shares of Graphic Packaging from $36.00 to $32.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 5th. Raymond James reissued an "outperform" rating and issued a $26.00 target price (down from $30.00) on shares of Graphic Packaging in a report on Friday, May 2nd. Truist Financial reduced their target price on Graphic Packaging from $30.00 to $28.00 and set a "hold" rating on the stock in a 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 on the stock in a report on Friday, May 2nd. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $29.17.

Graphic Packaging Trading Down 0.1%

Shares of GPK stock traded down $0.02 on Monday, reaching $23.53. 1,678,212 shares of the stock were exchanged, compared to its average volume of 2,519,074. The stock has a 50 day moving average price of $24.64 and a 200 day moving average price of $26.71. The stock has a market cap of $7.10 billion, a PE ratio of 10.89, a P/E/G ratio of 2.10 and a beta of 0.81. Graphic Packaging Holding has a one year low of $20.86 and a one year high of $30.70. 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 (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 the consensus estimate of $0.56 by ($0.05). The firm had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $2.14 billion. Graphic Packaging had a return on equity of 25.96% and a net margin of 7.47%. The business's revenue for the quarter was down 6.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.66 earnings per share. Equities research analysts forecast that Graphic Packaging Holding will post 2.47 EPS for the current fiscal year.

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

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.