Foundry Partners LLC Acquires 680 Shares of Graphic Packaging Holding (NYSE:GPK)

Foundry Partners LLC grew its holdings in Graphic Packaging Holding (NYSE:GPK) by 3.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 20,955 shares of the industrial products company’s stock after acquiring an additional 680 shares during the period. Foundry Partners LLC’s holdings in Graphic Packaging were worth $620,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. DekaBank Deutsche Girozentrale lifted its position in Graphic Packaging by 4.2% during the first quarter. DekaBank Deutsche Girozentrale now owns 832,035 shares of the industrial products company’s stock valued at $23,907,000 after purchasing an additional 33,691 shares in the last quarter. Cetera Investment Advisers lifted its position in shares of Graphic Packaging by 99.6% during the 1st quarter. Cetera Investment Advisers now owns 104,490 shares of the industrial products company’s stock valued at $3,049,000 after buying an additional 52,139 shares in the last quarter. Hsbc Holdings PLC grew its stake in shares of Graphic Packaging by 268.7% during the 2nd quarter. Hsbc Holdings PLC now owns 51,261 shares of the industrial products company’s stock valued at $1,350,000 after acquiring an additional 37,358 shares during the period. XTX Topco Ltd purchased a new stake in Graphic Packaging in the 2nd quarter worth approximately $928,000. Finally, BDF Gestion bought a new stake in Graphic Packaging during the 2nd quarter worth approximately $1,823,000. Hedge funds and other institutional investors own 99.67% of the company’s stock.

Insider Activity

In other news, EVP Michael James Farrell sold 25,900 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $28.99, for a total transaction of $750,841.00. Following the transaction, the executive vice president now owns 81,026 shares of the company’s stock, valued at approximately $2,348,943.74. The trade was a 24.22 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.20% of the company’s stock.

Wall Street Analyst Weigh In

GPK has been the subject of a number of analyst reports. Royal Bank of Canada reduced their price objective on shares of Graphic Packaging from $35.00 to $34.00 and set an “outperform” rating for the company in a research note on Thursday, October 17th. Wells Fargo & Company increased their price target on Graphic Packaging from $21.00 to $24.00 and gave the stock an “underweight” rating in a research note on Wednesday, July 31st. Truist Financial downgraded Graphic Packaging from a “buy” rating to a “hold” rating and lowered their price objective for the company from $32.00 to $30.00 in a research report on Wednesday, October 30th. StockNews.com downgraded Graphic Packaging from a “buy” rating to a “hold” rating in a research note on Wednesday, October 30th. Finally, Robert W. Baird boosted their price target on Graphic Packaging from $30.00 to $36.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Graphic Packaging currently has an average rating of “Hold” and an average target price of $31.53.

Graphic Packaging Price Performance

NYSE:GPK opened at $29.27 on Friday. The business’s 50-day moving average is $29.16 and its 200 day moving average is $28.34. Graphic Packaging Holding has a 12 month low of $22.12 and a 12 month high of $30.70. The company has a market capitalization of $8.79 billion, a P/E ratio of 12.51, a P/E/G ratio of 10.98 and a beta of 0.83. The company has a current ratio of 1.73, a quick ratio of 0.72 and a debt-to-equity ratio of 1.78.

Graphic Packaging (NYSE:GPK) last issued its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.04). Graphic Packaging had a return on equity of 28.26% and a net margin of 7.99%. The firm had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.27 billion. During the same period last year, the company earned $0.74 earnings per share. The firm’s revenue was down 5.7% on a year-over-year basis. On average, equities research analysts forecast that Graphic Packaging Holding will post 2.52 earnings per share for the current fiscal year.

Graphic Packaging Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, January 5th. Stockholders of record on Sunday, December 15th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.37%. Graphic Packaging’s dividend payout ratio (DPR) is presently 17.09%.

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.