Today, KapStone Paper and Packaging Corp.’s (KS) Market Perform Rating Reiterated at Keefe, Bruyette & Woods

Today, KapStone Paper and Packaging Corp.’s (KS) Market Perform Rating Reiterated at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods reaffirmed their market perform rating on shares of KapStone Paper and Packaging Corp. (NYSE:KS) in a research note published on Wednesday.

A number of other analysts have also recently commented on the stock. Zacks Investment Research cut shares of KapStone Paper and Packaging Corp. from a hold rating to a sell rating in a research note on Tuesday, July 5th. Dundee Securities raised shares of KapStone Paper and Packaging Corp. from a neutral rating to a buy rating in a research note on Tuesday, July 19th. Deutsche Bank AG boosted their target price on shares of KapStone Paper and Packaging Corp. from $14.00 to $15.00 and gave the stock a hold rating in a research note on Wednesday, August 10th. Bank of America Corp. raised shares of KapStone Paper and Packaging Corp. from an underperform rating to a neutral rating and set a $18.00 target price for the company in a research note on Monday, August 29th. Finally, Standpoint Research cut shares of KapStone Paper and Packaging Corp. from a buy rating to a hold rating in a research note on Friday, September 16th. One analyst has rated the stock with a sell rating, four have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of Buy and an average target price of $20.38.

Shares of KapStone Paper and Packaging Corp. (NYSE:KS) opened at 19.66 on Wednesday. KapStone Paper and Packaging Corp. has a 52 week low of $8.95 and a 52 week high of $24.91. The firm has a 50-day moving average of $18.53 and a 200 day moving average of $15.59. The company has a market cap of $1.90 billion, a P/E ratio of 23.13 and a beta of 2.61.

KapStone Paper and Packaging Corp. (NYSE:KS) last issued its quarterly earnings data on Wednesday, July 27th. The company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by $0.02. The firm earned $784.91 million during the quarter, compared to analyst estimates of $820.11 million. KapStone Paper and Packaging Corp. had a return on equity of 12.64% and a net margin of 2.68%. The company’s revenue was up 16.9% on a year-over-year basis. During the same quarter last year, the company posted $0.44 EPS. Equities analysts expect that KapStone Paper and Packaging Corp. will post $1.18 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, October 13th. Stockholders of record on Friday, September 30th were paid a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, September 28th. This represents a $0.40 annualized dividend and a dividend yield of 2.03%. KapStone Paper and Packaging Corp.’s dividend payout ratio (DPR) is 47.06%.

In other news, Director Jonathan R. Furer sold 25,000 shares of the stock in a transaction that occurred on Thursday, August 4th. The shares were sold at an average price of $15.09, for a total value of $377,250.00. Following the completion of the sale, the director now owns 1,189,400 shares of the company’s stock, valued at approximately $17,948,046. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 13.30% of the stock is currently owned by insiders.

Several institutional investors have recently modified their holdings of the company. Los Angeles Capital Management & Equity Research Inc. bought a new position in shares of KapStone Paper and Packaging Corp. during the first quarter valued at approximately $793,000. Prudential Financial Inc. raised its position in shares of KapStone Paper and Packaging Corp. by 223.0% in the first quarter. Prudential Financial Inc. now owns 1,866,632 shares of the company’s stock valued at $25,853,000 after buying an additional 1,288,670 shares in the last quarter. BlackRock Group LTD raised its position in shares of KapStone Paper and Packaging Corp. by 46.5% in the first quarter. BlackRock Group LTD now owns 271,515 shares of the company’s stock valued at $3,761,000 after buying an additional 86,157 shares in the last quarter. BlackRock Fund Advisors raised its position in shares of KapStone Paper and Packaging Corp. by 1.3% in the first quarter. BlackRock Fund Advisors now owns 5,896,381 shares of the company’s stock valued at $81,665,000 after buying an additional 72,894 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of KapStone Paper and Packaging Corp. by 34.7% in the first quarter. JPMorgan Chase & Co. now owns 5,537,681 shares of the company’s stock valued at $76,698,000 after buying an additional 1,426,731 shares in the last quarter. Hedge funds and other institutional investors own 82.53% of the company’s stock.

About KapStone Paper and Packaging Corp.

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