KapStone Paper and Packaging Corp. (NYSE:KS) shares were down 6.7% during trading on Tuesday . The company traded as low as $12.28 and last traded at $12.41, with a volume of 733,716 shares trading hands. The stock had previously closed at $13.30.

A number of research analysts recently commented on KS shares. Vetr downgraded KapStone Paper and Packaging Corp. from a “strong-buy” rating to a “buy” rating and set a $15.18 price target for the company. in a research note on Monday, April 18th. Bank of America Corp. started coverage on KapStone Paper and Packaging Corp. in a research note on Wednesday, April 6th. They issued an “underperform” rating and a $12.00 price target for the company. Standpoint Research started coverage on KapStone Paper and Packaging Corp. in a research note on Thursday, March 31st. They issued a “buy” rating and a $18.00 price target for the company. Zacks Investment Research raised KapStone Paper and Packaging Corp. from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 13th. Finally, Deutsche Bank AG reaffirmed a “hold” rating on shares of KapStone Paper and Packaging Corp. in a research note on Wednesday, May 18th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. KapStone Paper and Packaging Corp. currently has an average rating of “Hold” and an average target price of $16.91.

The stock’s 50-day moving average price is $14.80 and its 200-day moving average price is $14.58. The firm has a market cap of $1.27 billion and a PE ratio of 13.33.

KapStone Paper and Packaging Corp. (NYSE:KS) last posted its quarterly earnings results on Wednesday, April 27th. The company reported $0.23 earnings per share for the quarter, hitting the consensus estimate of $0.23. During the same quarter in the previous year, the company posted $0.30 EPS. The firm had revenue of $738 million for the quarter, compared to the consensus estimate of $763.90 million. The firm’s revenue was up 35.2% compared to the same quarter last year. On average, equities analysts forecast that KapStone Paper and Packaging Corp. will post $1.18 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 13th. Stockholders of record on Thursday, June 30th will be paid a dividend of $0.10 per share. The ex-dividend date is Tuesday, June 28th. This represents a $0.40 annualized dividend and a dividend yield of 3.13%.

In other news, Director Maurice S. Reznik purchased 10,000 shares of the business’s stock in a transaction dated Monday, May 16th. The stock was bought at an average price of $14.68 per share, for a total transaction of $146,800.00. Following the purchase, the director now owns 18,338 shares of the company’s stock, valued at $269,201.84. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Several hedge funds and institutional investors have recently bought and sold shares of the company. Russell Frank Co purchased a new position in KapStone Paper and Packaging Corp. during the fourth quarter valued at $1,066,000. Nationwide Fund Advisors boosted its stake in shares of KapStone Paper and Packaging Corp. by 0.6% in the fourth quarter. Nationwide Fund Advisors now owns 161,816 shares of the company’s stock worth $3,655,000 after buying an additional 1,036 shares during the period. California State Teachers Retirement System boosted its stake in shares of 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 period. Sei Investments Co. boosted its stake in shares of 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 period. Finally, Rhumbline Advisers boosted its stake in shares of KapStone Paper and Packaging Corp. by 5.9% in the fourth quarter. Rhumbline Advisers now owns 115,499 shares of the company’s stock worth $2,609,000 after buying an additional 6,450 shares during the period.

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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