Shares of KapStone Paper and Packaging Corp. (NYSE:KS) shot up 4.4% on Friday . The company traded as high as $14.55 and last traded at $14.47, with a volume of 1,866,649 shares. The stock had previously closed at $13.86.

A number of research firms 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 report on Tuesday, July 5th. Deutsche Bank AG reiterated a “hold” rating on shares of KapStone Paper and Packaging Corp. in a 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 issued a “buy” rating and a $18.00 price objective for the company. Vetr cut 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 cut shares of KapStone Paper and Packaging Corp. from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 20th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the stock. KapStone Paper and Packaging Corp. presently has an average rating of “Hold” and a consensus price target of $16.91.

The stock has a market capitalization of $1.40 billion and a PE ratio of 14.6060. The company has a 50-day moving average of $14.66 and a 200-day moving average of $14.31.

KapStone Paper and Packaging Corp. (NYSE:KS) last announced its quarterly earnings results on Wednesday, April 27th. The company reported $0.23 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.23. The company had revenue of $738 million for the quarter, compared to analyst estimates of $763.90 million. During the same quarter in the prior year, the business earned $0.30 earnings per share. KapStone Paper and Packaging Corp.’s revenue was up 35.2% on a year-over-year basis. Equities research analysts forecast that KapStone Paper and Packaging Corp. will post $1.18 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 13th. Shareholders of record on Thursday, June 30th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.89%. The ex-dividend date was Tuesday, June 28th.

In related news, Director Maurice S. Reznik purchased 10,000 shares of the company’s stock in a transaction on Monday, May 16th. The stock was acquired at an average cost of $14.68 per share, for a total transaction of $146,800.00. Following the completion of the transaction, the director now directly owns 18,338 shares in the company, valued at $269,201.84. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Other large investors recently made changes to their positions in the company. State of Wisconsin Investment Board boosted its stake in shares of 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 in the last quarter. State of Tennessee Treasury Department boosted its stake in shares of KapStone Paper and Packaging Corp. by 119.2% in the fourth quarter. State of Tennessee Treasury Department now owns 121,200 shares of the company’s stock worth $2,738,000 after buying an additional 65,900 shares in the last quarter. 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 in the last quarter. Russell Frank Co bought a new stake in shares of KapStone Paper and Packaging Corp. during the fourth quarter worth $1,066,000. Finally, Principal Financial Group Inc. boosted its stake in shares of KapStone Paper and Packaging Corp. by 4.6% in the fourth quarter. Principal Financial Group Inc. now owns 575,376 shares of the company’s stock worth $12,998,000 after buying an additional 25,050 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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