Truvestments Capital LLC Makes New $30,000 Investment in Graphic Packaging Holding (NYSE:GPK)

Truvestments Capital LLC acquired a new stake in Graphic Packaging Holding (NYSE:GPK) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 1,029 shares of the industrial products company’s stock, valued at approximately $30,000.

Other institutional investors have also recently bought and sold shares of the company. 1832 Asset Management L.P. grew its stake in Graphic Packaging by 1.1% in the second quarter. 1832 Asset Management L.P. now owns 32,827 shares of the industrial products company’s stock valued at $860,000 after purchasing an additional 369 shares in the last quarter. Graypoint LLC boosted its position in Graphic Packaging by 2.4% during the second quarter. Graypoint LLC now owns 17,473 shares of the industrial products company’s stock worth $458,000 after purchasing an additional 402 shares during the period. Mercer Global Advisors Inc. ADV lifted its position in Graphic Packaging by 0.8% during the second quarter. Mercer Global Advisors Inc. ADV now owns 54,259 shares of the industrial products company’s stock worth $1,422,000 after acquiring an additional 406 shares during the last quarter. Fiduciary Family Office LLC lifted its holdings in Graphic Packaging by 2.6% during the 2nd quarter. Fiduciary Family Office LLC now owns 16,811 shares of the industrial products company’s stock worth $441,000 after purchasing an additional 423 shares during the last quarter. Finally, KBC Group NV boosted its holdings in Graphic Packaging by 1.8% in the 3rd quarter. KBC Group NV now owns 26,805 shares of the industrial products company’s stock valued at $793,000 after purchasing an additional 465 shares during the period. Institutional investors own 99.67% of the company’s stock.

Graphic Packaging Price Performance

Shares of NYSE GPK opened at $30.01 on Friday. The firm has a market cap of $9.01 billion, a price-to-earnings ratio of 12.82, a price-to-earnings-growth ratio of 11.51 and a beta of 0.83. The stock has a fifty day simple moving average of $29.13 and a two-hundred day simple moving average of $28.40. 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 Holding has a 1-year low of $22.12 and a 1-year high of $30.70.

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

Graphic Packaging Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Sunday, January 5th. Investors of record on Sunday, December 15th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date is Friday, December 13th. Graphic Packaging’s payout ratio is currently 17.09%.

Insider Buying and Selling

In other news, CAO Charles D. Lischer sold 12,000 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $29.65, for a total value of $355,800.00. Following the sale, the chief accounting officer now directly owns 49,849 shares of the company’s stock, valued at approximately $1,478,022.85. This represents a 19.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Michael James Farrell sold 25,900 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $28.99, for a total transaction of $750,841.00. Following the transaction, the executive vice president now directly owns 81,026 shares of the company’s stock, valued at approximately $2,348,943.74. This represents a 24.22 % decrease in their position. The disclosure for this sale can be found here. 1.20% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. StockNews.com cut shares of Graphic Packaging from a “buy” rating to a “hold” rating in a report on Wednesday, October 30th. Royal Bank of Canada dropped 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. Finally, Truist Financial cut Graphic Packaging from a “buy” rating to a “hold” rating and reduced their price target for the stock from $32.00 to $30.00 in a report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $31.53.

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.