KapStone Paper and Packaging Corp. (NYSE:KS) announced a quarterly dividend on Wednesday, May 17th. Stockholders of record on Thursday, June 29th will be given a dividend of 0.10 per share by the basic materials company on Wednesday, July 12th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date of this dividend is Tuesday, June 27th.
KapStone Paper and Packaging Corp. has a dividend payout ratio of 30.5% meaning its dividend is sufficiently covered by earnings. Analysts expect KapStone Paper and Packaging Corp. to earn $1.73 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 23.1%.
Shares of KapStone Paper and Packaging Corp. (NYSE:KS) opened at 20.02 on Thursday. The firm has a market cap of $1.94 billion, a PE ratio of 26.03 and a beta of 2.82. The stock’s 50 day moving average price is $22.08 and its 200-day moving average price is $22.09. KapStone Paper and Packaging Corp. has a 52-week low of $12.14 and a 52-week high of $24.98.
KapStone Paper and Packaging Corp. (NYSE:KS) last posted its quarterly earnings data on Wednesday, April 26th. The basic materials company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by $0.07. The firm had revenue of $765.80 million during the quarter, compared to analysts’ expectations of $770.10 million. KapStone Paper and Packaging Corp. had a net margin of 2.80% and a return on equity of 11.90%. The business’s quarterly revenue was up 3.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.23 earnings per share. On average, equities research analysts anticipate that KapStone Paper and Packaging Corp. will post $1.36 earnings per share for the current fiscal year.
In other news, Director Jonathan R. Furer sold 12,484 shares of the stock in a transaction dated Thursday, May 11th. The shares were sold at an average price of $21.23, for a total transaction of $265,035.32. Following the transaction, the director now owns 1,178,915 shares of the company’s stock, valued at $25,028,365.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 13.30% of the company’s stock.
A hedge fund recently raised its stake in KapStone Paper and Packaging Corp. stock. Teachers Advisors LLC raised its position in KapStone Paper and Packaging Corp. (NYSE:KS) by 3.7% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 153,345 shares of the basic materials company’s stock after buying an additional 5,404 shares during the period. Teachers Advisors LLC owned 0.16% of KapStone Paper and Packaging Corp. worth $3,542,000 at the end of the most recent reporting period. 80.22% of the stock is currently owned by institutional investors.
Several equities analysts have recently commented on KS shares. Deutsche Bank AG increased their price target on shares of KapStone Paper and Packaging Corp. from $26.00 to $28.00 and gave the stock a “buy” rating in a research report on Tuesday, April 25th. Barclays PLC cut shares of KapStone Paper and Packaging Corp. from an “overweight” rating to an “equal weight” rating and increased their price target for the stock from $22.00 to $24.00 in a research report on Monday, February 6th. BMO Capital Markets reaffirmed a “buy” rating and set a $28.00 price target on shares of KapStone Paper and Packaging Corp. in a research report on Friday, April 7th. Zacks Investment Research cut shares of KapStone Paper and Packaging Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, April 19th. Finally, Vertical Research cut shares of KapStone Paper and Packaging Corp. from a “buy” rating to a “hold” rating in a research report on Thursday, April 27th. Eight research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. KapStone Paper and Packaging Corp. presently has an average rating of “Hold” and a consensus target price of $25.83.
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About KapStone Paper and Packaging Corp.
KapStone Paper and Packaging Corporation is a producer of containerboard and the kraft paper in North America. The Company operates through two segments: Paper and Packaging, and Distribution. The Paper and Packaging segment manufactures and sells a range of containerboard, corrugated products and specialty paper for industrial and consumer markets.
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