Graphic Packaging (NYSE:GPK) Reaches New 1-Year Low - Here's What Happened

Key Points

• Graphic Packaging's share price fell to a new 52-week low of $19.05 on Monday, with an overall trading volume of 347,531 shares.
• Analysts have recently adjusted their ratings, with Bank of America lowering the price target from $31.00 to $28.00 while maintaining a "buy" rating.
• The company announced a quarterly dividend of $0.11 per share, resulting in an annualized dividend yield of 2.3%.

Graphic Packaging Holding Company (NYSE:GPK - Get Free Report)'s share price hit a new 52-week low on Monday . The company traded as low as $19.05 and last traded at $19.17, with a volume of 347531 shares changing hands. The stock had previously closed at $19.40.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Bank of America reduced their price target on shares of Graphic Packaging from $31.00 to $28.00 and set a "buy" rating for the company in a report on Wednesday, July 9th. BNP Paribas Exane downgraded shares of Graphic Packaging from an "outperform" rating to a "neutral" rating in a report on Wednesday, June 25th. Royal Bank Of Canada reduced their price target on shares of Graphic Packaging from $26.00 to $25.00 and set an "outperform" rating for the company in a report on Wednesday, June 18th. Wells Fargo & Company dropped their price objective on shares of Graphic Packaging from $23.00 to $20.00 and set an "equal weight" rating for the company in a research note on Wednesday, September 17th. Finally, UBS Group began coverage on shares of Graphic Packaging in a research note on Wednesday, June 4th. They issued a "neutral" rating and a $24.00 price objective for the company. Four investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $26.00.

Graphic Packaging Stock Down 0.6%

The firm has a market cap of $5.71 billion, a price-to-earnings ratio of 10.90, a PEG ratio of 6.59 and a beta of 0.76. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.56 and a current ratio of 1.43. The business's 50-day moving average is $21.73 and its 200-day moving average is $22.78.

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 analysts' consensus estimates of $0.40 by $0.02. The business had revenue of $2.20 billion during the quarter, compared to analysts' expectations of $2.13 billion. Graphic Packaging had a net margin of 6.18% and a return on equity of 21.13%. Graphic Packaging has set its FY 2025 guidance at 1.900-2.20 EPS. On average, equities analysts predict that Graphic Packaging Holding Company will post 2.47 EPS for the current year.

Graphic Packaging Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 8th. Investors of record on Monday, September 15th will be given a dividend of $0.11 per share. The ex-dividend date is Monday, September 15th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.3%. Graphic Packaging's dividend payout ratio (DPR) is 24.86%.

Insider Transactions at Graphic Packaging

In related news, Director Philip R. Martens sold 7,015 shares of the stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $21.80, for a total transaction of $152,927.00. Following the completion of the sale, the director owned 26,811 shares in the company, valued at $584,479.80. This trade represents a 20.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Joseph P. Yost sold 30,000 shares of the business's stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $22.72, for a total transaction of $681,600.00. Following the completion of the transaction, the executive vice president directly owned 255,203 shares of the company's stock, valued at approximately $5,798,212.16. This represents a 10.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 93,752 shares of company stock valued at $2,073,663 in the last quarter. 1.41% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Graphic Packaging

Institutional investors have recently modified their holdings of the business. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Graphic Packaging during the 1st quarter worth approximately $28,000. Brooklyn Investment Group grew its holdings in Graphic Packaging by 69.9% during the first quarter. Brooklyn Investment Group now owns 1,065 shares of the industrial products company's stock valued at $28,000 after purchasing an additional 438 shares during the period. Bessemer Group Inc. grew its holdings in Graphic Packaging by 130.7% during the second quarter. Bessemer Group Inc. now owns 1,382 shares of the industrial products company's stock valued at $29,000 after purchasing an additional 783 shares during the period. Hantz Financial Services Inc. grew its holdings in Graphic Packaging by 1,356.1% during the second quarter. Hantz Financial Services Inc. now owns 1,791 shares of the industrial products company's stock valued at $38,000 after purchasing an additional 1,668 shares during the period. Finally, Wayfinding Financial LLC acquired a new position in Graphic Packaging during the first quarter valued at approximately $42,000. Institutional investors and hedge funds own 99.67% of the company's stock.

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.

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