Tectonic Advisors LLC Has $8.09 Million Holdings in Graphic Packaging Holding (NYSE:GPK)

Tectonic Advisors LLC reduced its position in Graphic Packaging Holding (NYSE:GPK) by 14.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 273,525 shares of the industrial products company’s stock after selling 48,051 shares during the period. Tectonic Advisors LLC owned about 0.09% of Graphic Packaging worth $8,094,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Private Advisor Group LLC grew its holdings in Graphic Packaging by 26.1% in the 3rd quarter. Private Advisor Group LLC now owns 27,575 shares of the industrial products company’s stock valued at $816,000 after buying an additional 5,699 shares during the last quarter. Sequoia Financial Advisors LLC lifted its position in shares of Graphic Packaging by 1.9% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 95,216 shares of the industrial products company’s stock worth $2,817,000 after buying an additional 1,820 shares during the period. U S Global Investors Inc. bought a new position in shares of Graphic Packaging during the 3rd quarter worth approximately $222,000. Raleigh Capital Management Inc. lifted its position in shares of Graphic Packaging by 5.5% during the 3rd quarter. Raleigh Capital Management Inc. now owns 11,255 shares of the industrial products company’s stock worth $333,000 after buying an additional 584 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. lifted its position in shares of Graphic Packaging by 3.1% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 173,279 shares of the industrial products company’s stock worth $5,127,000 after buying an additional 5,194 shares during the period. 99.67% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Michael P. Doss sold 86,374 shares of the business’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $28.05, for a total value of $2,422,790.70. Following the sale, the chief executive officer now directly owns 2,123,202 shares in the company, valued at $59,555,816.10. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CEO Michael P. Doss sold 49,183 shares of the business’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $27.91, for a total value of $1,372,697.53. Following the sale, the chief executive officer now directly owns 1,909,576 shares in the company, valued at $53,296,266.16. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Michael P. Doss sold 86,374 shares of the company’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $28.05, for a total value of $2,422,790.70. Following the sale, the chief executive officer now owns 2,123,202 shares in the company, valued at $59,555,816.10. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on GPK shares. Robert W. Baird raised their target price on Graphic Packaging from $30.00 to $36.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. StockNews.com cut Graphic Packaging from a “buy” rating to a “hold” rating in a research note on Friday, October 18th. Citigroup lowered their target price on Graphic Packaging from $31.00 to $30.00 and set a “buy” rating for the company in a research note on Monday, July 8th. Stifel Nicolaus assumed coverage on Graphic Packaging in a research note on Tuesday, July 9th. They issued a “buy” rating and a $35.20 target price for the company. Finally, Truist Financial lowered their target price on Graphic Packaging from $35.00 to $32.00 and set a “buy” rating for the company in a research note on Tuesday, October 15th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $31.87.

Graphic Packaging Stock Up 0.8 %

Shares of Graphic Packaging stock opened at $30.03 on Friday. The company has a quick ratio of 0.58, a current ratio of 1.45 and a debt-to-equity ratio of 1.75. Graphic Packaging Holding has a 12 month low of $20.26 and a 12 month high of $30.66. The business has a fifty day simple moving average of $29.35 and a 200 day simple moving average of $28.17. The stock has a market cap of $9.23 billion, a PE ratio of 13.59, a price-to-earnings-growth ratio of 5.08 and a beta of 0.83.

Graphic Packaging (NYSE:GPK) last posted its earnings results on Tuesday, July 30th. The industrial products company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.04. The firm had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.27 billion. Graphic Packaging had a return on equity of 30.74% and a net margin of 7.93%. The company’s revenue for the quarter was down 6.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.66 earnings per share. Research analysts predict that Graphic Packaging Holding will post 2.66 EPS for the current year.

Graphic Packaging Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Saturday, October 5th. Shareholders of record on Sunday, September 15th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.40 annualized dividend and a yield of 1.33%. Graphic Packaging’s dividend payout ratio is presently 18.10%.

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.