KapStone Paper and Packaging Corp. (NYSE:KS) shares rose 5.1% during trading on Wednesday . The stock traded as high as $14.76 and last traded at $14.75, with a volume of 335,112 shares trading hands. The stock had previously closed at $14.04.

KS has been the subject of several recent research reports. Dundee Securities lowered shares of KapStone Paper and Packaging Corp. from a “buy” rating to a “neutral” rating in a research note on Wednesday, April 20th. Zacks Investment Research raised shares of KapStone Paper and Packaging Corp. from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 13th. Vetr lowered 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 note on Monday, April 18th. Bank of America Corp. initiated coverage on shares of KapStone Paper and Packaging Corp. in a research note on Wednesday, April 6th. They issued an “underperform” rating and a $12.00 price objective for the company. Finally, Deutsche Bank AG reiterated a “hold” rating on shares of KapStone Paper and Packaging Corp. in a research note on Wednesday, May 18th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $16.91.

The firm has a 50 day moving average price of $14.18 and a 200-day moving average price of $13.74. The company has a market cap of $1.42 billion and a P/E ratio of 17.27.

KapStone Paper and Packaging Corp. (NYSE:KS) last posted its quarterly earnings data on Wednesday, July 27th. The company reported $0.27 EPS for the quarter, missing the Zacks’ consensus estimate of $0.29 by $0.02. The firm had revenue of $784.91 million for the quarter, compared to the consensus estimate of $820.11 million. KapStone Paper and Packaging Corp.’s revenue was up 16.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.44 earnings per share. Equities analysts expect that KapStone Paper and Packaging Corp. will post $1.17 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 13th. Stockholders of record on Thursday, June 30th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date was Tuesday, June 28th.

In related news, Director Maurice S. Reznik acquired 10,000 shares of the company’s stock in a transaction dated 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 purchase, the director now directly owns 18,338 shares in the company, valued at approximately $269,201.84. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Several hedge funds and institutional investors recently bought and sold shares of the stock. Russell Frank Co bought a new position in KapStone Paper and Packaging Corp. during the fourth quarter worth approximately $1,066,000. Rhumbline Advisers increased its position in 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 in the last quarter. Comerica Bank increased its position 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. 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 during the period. Finally, Principal Financial Group Inc. increased its stake in 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 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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