KapStone Paper and Packaging Corp. (NYSE:KS) shares rose 4.4% during mid-day trading on Friday . The stock traded as high as $14.55 and last traded at $14.47, with a volume of 1,866,649 shares trading hands. The stock had previously closed at $13.86.

KS has been the subject of several recent analyst reports. Standpoint Research initiated coverage on shares of KapStone Paper and Packaging Corp. in a 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 report on Monday, April 18th. Deutsche Bank AG reiterated a “hold” rating on shares of KapStone Paper and Packaging Corp. in a report on Wednesday, May 18th. Zacks Investment Research upgraded shares of KapStone Paper and Packaging Corp. from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 13th. Finally, Dundee Securities cut shares of KapStone Paper and Packaging Corp. from a “buy” rating to a “neutral” rating in a report on Wednesday, April 20th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $16.91.

The company’s 50 day moving average is $14.64 and its 200 day moving average is $14.26. The stock has a market capitalization of $1.40 billion and a price-to-earnings ratio of 14.67.

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 (EPS) for the quarter, meeting the consensus estimate of $0.23. During the same period in the prior year, the business earned $0.30 earnings per share. The firm had revenue of $738 million for the quarter, compared to the consensus estimate of $763.90 million. The company’s revenue for the quarter was up 35.2% on a year-over-year basis. Analysts forecast that KapStone Paper and Packaging Corp. will post $1.18 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 13th. Investors of record on Thursday, June 30th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.75%. The ex-dividend date was Tuesday, June 28th.

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

Several large investors have modified their holdings of the company. Buckhead Capital Management LLC boosted its stake in shares of 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 valued at $1,151,000 after buying an additional 395 shares in the last quarter. Bank of Montreal Can boosted its stake in shares of 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 valued at $1,953,000 after buying an additional 902 shares in the last quarter. 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 valued at $3,655,000 after buying an additional 1,036 shares in the last quarter. 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 valued at $3,564,000 after buying an additional 2,459 shares in the last quarter. Finally, Comerica Bank boosted its stake in shares of KapStone Paper and Packaging Corp. by 4.6% in the fourth quarter. Comerica Bank now owns 95,539 shares of the company’s stock valued at $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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