KapStone Paper and Packaging Corp. (NYSE:KS) shares dropped 4% on Monday . The stock traded as low as $14.56 and last traded at $14.98, with a volume of 678,348 shares traded. The stock had previously closed at $15.61.

KS has been the topic of several recent research reports. Barclays PLC increased their price objective on KapStone Paper and Packaging Corp. from $16.00 to $18.00 and gave the stock an “overweight” rating in a research report on Monday, May 2nd. Deutsche Bank AG reiterated a “hold” rating on shares of KapStone Paper and Packaging Corp. in a research report on Wednesday, May 18th. Zacks Investment Research cut KapStone Paper and Packaging Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, July 5th. Finally, Dundee Securities upgraded KapStone Paper and Packaging Corp. from a “neutral” rating to a “buy” rating in a research report on Tuesday, July 19th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company’s stock. KapStone Paper and Packaging Corp. currently has a consensus rating of “Hold” and an average target price of $17.02.

The firm’s 50 day moving average is $14.50 and its 200-day moving average is $13.78. The firm has a market cap of $1.47 billion and a price-to-earnings ratio of 17.91.

KapStone Paper and Packaging Corp. (NYSE:KS) last posted its quarterly earnings data on Wednesday, July 27th. The company reported $0.27 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by $0.02. During the same quarter in the prior year, the company posted $0.44 earnings per share. The business earned $784.91 million during the quarter, compared to analyst estimates of $820.11 million. The company’s revenue was up 16.9% on a year-over-year basis. On average, equities research analysts predict that KapStone Paper and Packaging Corp. will post $1.18 EPS for the current fiscal year.

In other news, Director Jonathan R. Furer sold 25,000 shares of the company’s stock in a transaction on Thursday, August 4th. The stock was sold at an average price of $15.09, for a total transaction of $377,250.00. Following the transaction, the director now owns 1,189,400 shares of the company’s stock, valued at approximately $17,948,046. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Several hedge funds and institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP boosted its position in shares of KapStone Paper and Packaging Corp. by 0.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,426,285 shares of the company’s stock worth $77,404,000 after buying an additional 23,768 shares in the last quarter. Principal Financial Group Inc. boosted its position 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. Finally, Bank of Montreal Can boosted its position 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 worth $1,953,000 after buying an additional 902 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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