Foundry Partners LLC Invests $269,000 in Graphic Packaging Holding (NYSE:GPK)

Foundry Partners LLC purchased a new stake in Graphic Packaging Holding (NYSE:GPK) in the 1st quarter, HoldingsChannel reports. The fund purchased 9,225 shares of the industrial products company’s stock, valued at approximately $269,000.

Several other hedge funds also recently added to or reduced their stakes in GPK. Allspring Global Investments Holdings LLC lifted its position in shares of Graphic Packaging by 102.6% during the first quarter. Allspring Global Investments Holdings LLC now owns 9,983,556 shares of the industrial products company’s stock worth $291,320,000 after purchasing an additional 5,055,359 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in Graphic Packaging by 14.5% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 8,951,542 shares of the industrial products company’s stock worth $220,656,000 after buying an additional 1,134,410 shares in the last quarter. Eminence Capital LP boosted its position in Graphic Packaging by 5.7% in the 4th quarter. Eminence Capital LP now owns 7,962,325 shares of the industrial products company’s stock valued at $196,271,000 after buying an additional 431,818 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Graphic Packaging by 6.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 5,730,425 shares of the industrial products company’s stock valued at $141,259,000 after acquiring an additional 328,258 shares in the last quarter. Finally, Principal Financial Group Inc. increased its position in shares of Graphic Packaging by 0.7% during the first quarter. Principal Financial Group Inc. now owns 4,079,849 shares of the industrial products company’s stock worth $119,050,000 after acquiring an additional 29,189 shares during the last quarter. 99.67% of the stock is owned by hedge funds and other institutional investors.

Graphic Packaging Stock Performance

Shares of NYSE:GPK traded down $0.16 on Friday, reaching $27.81. 388,133 shares of the company’s stock were exchanged, compared to its average volume of 2,679,723. Graphic Packaging Holding has a fifty-two week low of $20.07 and a fifty-two week high of $29.50. The business’s 50-day moving average is $27.28 and its two-hundred day moving average is $26.85. The company has a quick ratio of 0.52, a current ratio of 1.24 and a debt-to-equity ratio of 1.72. The firm has a market capitalization of $8.55 billion, a price-to-earnings ratio of 12.66, a PEG ratio of 10.21 and a beta of 0.85.

Graphic Packaging (NYSE:GPK) last released its quarterly earnings data on Tuesday, April 30th. The industrial products company reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.03. The firm had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.38 billion. Graphic Packaging had a net margin of 7.36% and a return on equity of 32.55%. Graphic Packaging’s quarterly revenue was down 7.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.77 earnings per share. As a group, equities research analysts forecast that Graphic Packaging Holding will post 2.7 EPS for the current year.

Graphic Packaging Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 5th. Investors of record on Saturday, June 15th were paid a dividend of $0.10 per share. The ex-dividend date was Friday, June 14th. This represents a $0.40 dividend on an annualized basis and a yield of 1.44%. Graphic Packaging’s payout ratio is currently 18.10%.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. StockNews.com downgraded Graphic Packaging from a “buy” rating to a “hold” rating in a report on Thursday, July 11th. Truist Financial raised their price target on shares of Graphic Packaging from $31.00 to $33.00 and gave the stock a “buy” rating in a research report on Tuesday. Wells Fargo & Company restated an “underweight” rating and issued a $21.00 price target on shares of Graphic Packaging in a research note on Monday, April 1st. Citigroup decreased their price objective on shares of Graphic Packaging from $31.00 to $30.00 and set a “buy” rating for the company in a report on Monday, July 8th. Finally, Stifel Nicolaus began coverage on shares of Graphic Packaging in a research note on Tuesday, July 9th. They issued a “buy” rating and a $35.20 target price on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Graphic Packaging has a consensus rating of “Hold” and an average target price of $29.03.

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.