Graphic Packaging Holding (NYSE:GPK) Shares Purchased by Hodges Capital Management Inc.

Hodges Capital Management Inc. raised its holdings in Graphic Packaging Holding (NYSE:GPK) by 45.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 540,644 shares of the industrial products company’s stock after purchasing an additional 169,853 shares during the quarter. Hodges Capital Management Inc. owned 0.18% of Graphic Packaging worth $14,684,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of GPK. UMB Bank n.a. grew its holdings in Graphic Packaging by 546.6% in the third quarter. UMB Bank n.a. now owns 944 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 798 shares during the last quarter. Truvestments Capital LLC acquired a new position in Graphic Packaging in the third quarter valued at $30,000. Crews Bank & Trust acquired a new stake in shares of Graphic Packaging in the fourth quarter worth approximately $32,000. Avior Wealth Management LLC grew its stake in shares of Graphic Packaging by 2,484.0% during the 4th quarter. Avior Wealth Management LLC now owns 1,292 shares of the industrial products company’s stock valued at $35,000 after buying an additional 1,242 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new stake in Graphic Packaging during the third quarter worth about $73,000. Institutional investors and hedge funds own 99.67% of the company’s stock.

Graphic Packaging Price Performance

NYSE:GPK opened at $27.39 on Monday. Graphic Packaging Holding has a one year low of $23.47 and a one year high of $30.70. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.73 and a quick ratio of 0.72. The stock has a market cap of $8.22 billion, a P/E ratio of 11.71 and a beta of 0.85. The company has a fifty day moving average price of $28.11 and a 200 day moving average price of $28.66.

Graphic Packaging Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Sunday, January 5th. Shareholders of record on Sunday, December 15th were paid a dividend of $0.10 per share. The ex-dividend date was Friday, December 13th. This represents a $0.40 annualized dividend and a yield of 1.46%. Graphic Packaging’s dividend payout ratio is currently 17.09%.

Insider Buying and Selling at Graphic Packaging

In other news, CAO Charles D. Lischer sold 12,000 shares of the business’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $29.65, for a total transaction of $355,800.00. Following the completion of the sale, the chief accounting officer now owns 49,849 shares in the company, valued at $1,478,022.85. The trade was a 19.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Michael James Farrell sold 25,900 shares of the 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 completion of the transaction, the executive vice president now owns 81,026 shares in the company, valued at $2,348,943.74. This represents a 24.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.20% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Wells Fargo & Company upgraded Graphic Packaging from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $24.00 to $27.00 in a research note on Monday, January 6th. Truist Financial lifted their target price on Graphic Packaging from $30.00 to $32.00 and gave the stock a “hold” rating in a research report on Monday, January 6th. Citigroup reissued a “neutral” rating and issued a $30.00 target price (down previously from $33.00) on shares of Graphic Packaging in a report on Monday, January 6th. StockNews.com cut shares of Graphic Packaging from a “buy” rating to a “hold” rating in a report on Wednesday, October 30th. Finally, Royal Bank of Canada reduced their price target on Graphic Packaging from $35.00 to $34.00 and set an “outperform” rating for the company in a research report on Thursday, October 17th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Graphic Packaging presently has a consensus rating of “Hold” and an average price target of $32.37.

About Graphic Packaging

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.