2 weeks Ago By ABMN Staff
Smurfit Westrock ( NYSE:SW – Free Report ) had its price target trimmed by Truist Financial from $62.00 to $50.00 in a research note issued to investors on Tuesday, Benzinga reports.
The brokerage currently has a buy rating on the stock. Other analysts have also recently issued research reports about the stock. Wells Fargo & Company cut their target price on shares of Smurfit Westrock from $53.
00 to $43.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 8th. Citigroup boosted their price objective on Smurfit Westrock from $61.
00 to $62.00 and gave the stock a “buy” rating in a report on Monday, January 6th. Finally, Morgan Stanley decreased their target price on Smurfit Westrock from $66.
00 to $64.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 11th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock.
Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $58.70.
Check Out Our Latest Stock Analysis on Smurfit Westrock Smurfit Westrock Trading Up 1.3 % Smurfit Westrock ( NYSE:SW – Get Free Report ) last posted its earnings results on Wednesday, February 12th. The company reported $0.
34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.33).
Smurfit Westrock had a return on equity of 6.16% and a net margin of 0.63%.
Analysts expect that Smurfit Westrock will post 3.25 earnings per share for the current year. Smurfit Westrock Increases Dividend The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th.
Shareholders of record on Friday, February 14th were issued a $0.4308 dividend. The ex-dividend date of this dividend was Friday, February 14th.
This is a boost from Smurfit Westrock’s previous quarterly dividend of $0.30. This represents a $1.
72 annualized dividend and a yield of 4.06%. Smurfit Westrock’s payout ratio is currently 312.
73%. Insider Transactions at Smurfit Westrock In related news, insider Alvaro Henao sold 4,000 shares of the stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $53.
90, for a total transaction of $215,600.00. Following the sale, the insider now owns 44,361 shares in the company, valued at approximately $2,391,057.
90. This trade represents a 8.27 % decrease in their position.
The transaction was disclosed in a legal filing with the SEC, which is accessible through this link . Also, insider Ken Bowles sold 24,225 shares of the business’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $55.
06, for a total transaction of $1,333,828.50. Following the transaction, the insider now owns 111,458 shares of the company’s stock, valued at approximately $6,136,877.
48. This represents a 17.85 % decrease in their ownership of the stock.
The disclosure for this sale can be found here . 0.49% of the stock is currently owned by insiders.
Institutional Inflows and Outflows A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in shares of Smurfit Westrock by 1.
1% during the 4th quarter. Vanguard Group Inc. now owns 78,871,259 shares of the company’s stock valued at $4,249,613,000 after purchasing an additional 820,362 shares during the last quarter.
Norges Bank bought a new stake in shares of Smurfit Westrock during the fourth quarter worth $1,300,041,000. Nuveen Asset Management LLC increased its holdings in shares of Smurfit Westrock by 51.6% during the fourth quarter.
Nuveen Asset Management LLC now owns 20,720,312 shares of the company’s stock worth $1,115,996,000 after buying an additional 7,050,781 shares in the last quarter. Capital Research Global Investors lifted its stake in shares of Smurfit Westrock by 1.8% in the 4th quarter.
Capital Research Global Investors now owns 18,439,852 shares of the company’s stock valued at $993,170,000 after acquiring an additional 318,806 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in Smurfit Westrock by 12.5% during the 4th quarter.
Geode Capital Management LLC now owns 14,328,052 shares of the company’s stock worth $769,977,000 after acquiring an additional 1,594,939 shares during the last quarter. Institutional investors own 83.38% of the company’s stock.
Smurfit Westrock Company Profile ( Get Free Report ) Smurfit Westrock Plc, together with its subsidiaries, manufactures, distributes, and sells containerboard, corrugated containers, and other paper-based packaging products in Ireland and internationally. The company produces containerboard that it converts into corrugated containers or sells to third parties, as well as produces other types of paper, such as consumer packaging board, sack paper, graphic paper, solid board and graphic board, and other paper-based packaging products, such as consumer packaging, solid board packaging, paper sacks, and other packaging products, including bag-in-box. Featured Stories Receive News & Ratings for Smurfit Westrock Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Smurfit Westrock and related companies with MarketBeat.
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