NorthRock Partners LLC Has $829,000 Stake in Graphic Packaging Holding (NYSE:GPK)

NorthRock Partners LLC boosted its position in shares of Graphic Packaging Holding (NYSE:GPK - Free Report) by 101.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 30,536 shares of the industrial products company's stock after purchasing an additional 15,408 shares during the period. NorthRock Partners LLC's holdings in Graphic Packaging were worth $829,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of GPK. Barclays PLC boosted its position in Graphic Packaging by 8.8% during the third quarter. Barclays PLC now owns 637,199 shares of the industrial products company's stock valued at $18,854,000 after purchasing an additional 51,451 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Graphic Packaging by 8.0% in the third quarter. JPMorgan Chase & Co. now owns 10,610,233 shares of the industrial products company's stock valued at $313,957,000 after acquiring an additional 787,266 shares in the last quarter. Hennessy Advisors Inc. purchased a new position in Graphic Packaging in the fourth quarter worth $51,642,000. Avanza Fonder AB acquired a new position in shares of Graphic Packaging during the fourth quarter worth $190,000. Finally, Merit Financial Group LLC acquired a new stake in shares of Graphic Packaging in the 4th quarter worth $216,000. 99.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on GPK. Royal Bank of Canada decreased their target price on Graphic Packaging from $32.00 to $26.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Truist Financial dropped their price target on Graphic Packaging from $30.00 to $28.00 and set a "hold" rating for the company in a research report on Tuesday, April 22nd. Raymond James reaffirmed an "outperform" rating and issued a $26.00 target price (down previously from $30.00) on shares of Graphic Packaging in a research report on Friday, May 2nd. Finally, 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 report on Wednesday, February 5th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $29.17.

Graphic Packaging Stock Performance

Shares of NYSE GPK traded down $0.19 during mid-day trading on Wednesday, hitting $23.09. The company had a trading volume of 360,714 shares, compared to its average volume of 2,499,435. The firm's 50 day simple moving average is $24.52 and its two-hundred day simple moving average is $26.65. The stock has a market cap of $6.97 billion, a price-to-earnings ratio of 10.68, 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.

Graphic Packaging (NYSE:GPK - Get Free Report) last announced its earnings results 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). 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 previous year, the firm earned $0.66 EPS. The firm's revenue was down 6.2% on a year-over-year basis. As a group, equities research analysts forecast that Graphic Packaging Holding will post 2.47 earnings per share for the current year.

Graphic Packaging declared that its board has authorized a share buyback plan on Thursday, May 1st that authorizes the company to repurchase $1.50 billion in shares. This repurchase authorization authorizes the industrial products company to buy up to 23.3% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's leadership believes its stock is undervalued.

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.