Blackhawk Capital Partners LLC. Invests $265,000 in Smurfit Westrock Ltd (NYSE:SW)

Blackhawk Capital Partners LLC. purchased a new position in Smurfit Westrock Ltd (NYSE:SW) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 5,353 shares of the company’s stock, valued at approximately $265,000.

A number of other hedge funds also recently bought and sold shares of the company. AMF Tjanstepension AB purchased a new stake in Smurfit Westrock during the 3rd quarter valued at $8,519,000. Czech National Bank purchased a new stake in shares of Smurfit Westrock during the third quarter valued at $4,967,000. SG Americas Securities LLC bought a new stake in Smurfit Westrock in the 3rd quarter worth about $843,000. Park Avenue Securities LLC purchased a new position in Smurfit Westrock in the 3rd quarter worth about $561,000. Finally, GAMMA Investing LLC bought a new position in Smurfit Westrock during the 3rd quarter valued at about $249,000. Institutional investors own 83.38% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. JPMorgan Chase & Co. decreased their target price on shares of Smurfit Westrock from $66.00 to $65.00 and set an “overweight” rating for the company in a research note on Wednesday, July 31st. Citigroup initiated coverage on shares of Smurfit Westrock in a research report on Wednesday, October 23rd. They set a “buy” rating and a $57.00 target price for the company. Wells Fargo & Company decreased their price target on shares of Smurfit Westrock from $53.00 to $50.00 and set an “equal weight” rating on the stock in a research report on Monday, October 7th. Redburn Atlantic began coverage on shares of Smurfit Westrock in a research report on Friday, August 23rd. They set a “buy” rating and a $60.00 price objective for the company. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a $52.00 target price on shares of Smurfit Westrock in a report on Monday, July 29th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $58.00.

Smurfit Westrock Trading Up 4.8 %

Shares of NYSE:SW opened at $55.72 on Thursday. The company has a market cap of $28.98 billion, a P/E ratio of 309.57 and a beta of 1.04. Smurfit Westrock Ltd has a 12 month low of $38.55 and a 12 month high of $55.80. The company has a current ratio of 1.48, a quick ratio of 0.98 and a debt-to-equity ratio of 0.73. The firm has a 50-day simple moving average of $48.25.

Smurfit Westrock Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Friday, November 15th will be issued a $0.3025 dividend. This represents a $1.21 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date is Friday, November 15th. Smurfit Westrock’s dividend payout ratio (DPR) is 672.26%.

Smurfit Westrock Profile

Smurfit Westrock Plc, together with its subsidiaries, manufactures, distributes, and sells containerboard, corrugated containers, and other paper-based packaging products in Ireland and internationally. The company produces containerboard that it converts into corrugated containers or sells to third parties, as well as produces other types of paper, such as consumer packaging board, sack paper, graphic paper, solid board and graphic board, and other paper-based packaging products, such as consumer packaging, solid board packaging, paper sacks, and other packaging products, including bag-in-box.