KapStone Paper and Packaging Corp. (NYSE:KS) shares saw strong trading volume on Thursday . 1,182,127 shares were traded during trading, a decline of 12% from the previous session’s volume of 1,339,217 shares.The stock last traded at $12.98 and had previously closed at $12.78.

Several brokerages have recently weighed in on KS. Zacks Investment Research downgraded shares of KapStone Paper and Packaging Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday. Deutsche Bank AG restated a “hold” rating on shares of KapStone Paper and Packaging Corp. in a research report on Wednesday, May 18th. Standpoint Research began coverage on shares of KapStone Paper and Packaging Corp. in a research report on Thursday, March 31st. They set a “buy” rating and a $18.00 price objective for the company. Vetr downgraded shares of KapStone Paper and Packaging Corp. from a “strong-buy” rating to a “buy” rating and set a $15.18 price objective for the company. in a research report on Monday, April 18th. Finally, Dundee Securities downgraded shares of KapStone Paper and Packaging Corp. from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 20th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $16.91.

The stock’s 50-day moving average is $14.78 and its 200 day moving average is $14.57. The stock has a market cap of $1.26 billion and a P/E ratio of 13.18.

KapStone Paper and Packaging Corp. (NYSE:KS) last issued its quarterly earnings data on Wednesday, April 27th. The company reported $0.23 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.23. The firm earned $738 million during the quarter, compared to analyst estimates of $763.90 million. During the same period last year, the business earned $0.30 EPS. The firm’s revenue was up 35.2% compared to the same quarter last year. Equities analysts anticipate that KapStone Paper and Packaging Corp. will post $1.18 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 13th. Shareholders of record on Thursday, June 30th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 3.07%. The ex-dividend date is Tuesday, June 28th.

In other news, Director Maurice S. Reznik acquired 10,000 shares of the stock in a transaction on Monday, May 16th. The stock was bought at an average price of $14.68 per share, with a total value of $146,800.00. Following the completion of the transaction, the director now directly owns 18,338 shares of the company’s stock, valued at $269,201.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Several hedge funds recently added to or reduced their stakes in the company. Russell Frank Co bought a new stake in KapStone Paper and Packaging Corp. during the fourth quarter worth $1,066,000. State of Wisconsin Investment Board increased its stake in KapStone Paper and Packaging Corp. by 74.3% in the fourth quarter. State of Wisconsin Investment Board now owns 476,190 shares of the company’s stock worth $10,757,000 after buying an additional 202,940 shares during the last quarter. Buckhead Capital Management LLC increased its stake in KapStone Paper and Packaging Corp. by 0.8% in the fourth quarter. Buckhead Capital Management LLC now owns 50,962 shares of the company’s stock worth $1,151,000 after buying an additional 395 shares during the last quarter. Sei Investments Co. increased its stake in KapStone Paper and Packaging Corp. by 25.0% in the fourth quarter. Sei Investments Co. now owns 249,243 shares of the company’s stock worth $5,630,000 after buying an additional 49,868 shares during the last quarter. Finally, California State Teachers Retirement System increased its stake in KapStone Paper and Packaging Corp. by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 157,791 shares of the company’s stock worth $3,564,000 after buying an additional 2,459 shares during the last quarter.

KapStone Paper and Packaging Corporation is engaged in the production of containerboard, corrugated products and specialty paper. The Company operates through two segments: Paper and Packaging, and Distribution. The Company operates approximately four paper mills. It produces approximately 2.7 million tons of containerboard and specialty paper at its mills in North Charleston, South Carolina; Roanoke Rapids, North Carolina; Cowpens, South Carolina, and Longview, Washington.

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