Shares of KapStone Paper and Packaging Corp. (NYSE:KS) saw unusually-strong trading volume on Thursday . Approximately 1,182,127 shares traded hands 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.

KS has been the subject of several recent research reports. 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. initiated 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 initiated 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 upgraded 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 restated a “hold” rating on shares of KapStone Paper and Packaging Corp. in a research note on Wednesday, May 18th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $16.91.

The firm’s 50 day moving average price is $14.77 and its 200-day moving average price is $14.51. The company has a market capitalization of $1.29 billion and a PE ratio of 13.54.

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

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 13th. Investors of record on Thursday, June 30th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.99%. The ex-dividend date of this dividend is Tuesday, June 28th.

In other KapStone Paper and Packaging Corp. news, Director Maurice S. Reznik purchased 10,000 shares of the firm’s stock in a transaction that occurred on Monday, May 16th. The stock was bought at an average cost of $14.68 per share, with a total value of $146,800.00. Following the completion of the transaction, the director now owns 18,338 shares of the company’s stock, valued at approximately $269,201.84. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

A number of hedge funds have recently added to or reduced their stakes in KS. 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 in the last quarter. Bank of Montreal Can increased its stake in KapStone Paper and Packaging Corp. by 1.1% in the fourth quarter. Bank of Montreal Can now owns 86,467 shares of the company’s stock worth $1,953,000 after buying an additional 902 shares in the last quarter. Nationwide Fund Advisors increased its stake in 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 in the last quarter. 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 in the last quarter. Finally, Comerica Bank increased its stake in KapStone Paper and Packaging Corp. by 4.6% in the fourth quarter. Comerica Bank now owns 95,539 shares of the company’s stock worth $1,750,000 after buying an additional 4,204 shares in 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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