Dundee Securities lowered shares of KapStone Paper and Packaging Corp. (NYSE:KS) from a buy rating to a neutral rating in a report issued on Monday.

A number of other research firms have also commented on KS. Standpoint Research lowered KapStone Paper and Packaging Corp. from a buy rating to a hold rating in a research note on Friday, September 16th. Zacks Investment Research upgraded KapStone Paper and Packaging Corp. from a sell rating to a hold rating in a research note on Tuesday, August 2nd. Deutsche Bank AG lifted their price target on KapStone Paper and Packaging Corp. from $14.00 to $15.00 and gave the company a hold rating in a research note on Wednesday, August 10th. Finally, Bank of America Corp. upgraded KapStone Paper and Packaging Corp. from an underperform rating to a neutral rating and set a $18.00 price target on the stock in a research note on Monday, August 29th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of $17.69.

KapStone Paper and Packaging Corp. (NYSE:KS) opened at 19.20 on Monday. The firm has a market cap of $1.85 billion, a price-to-earnings ratio of 22.59 and a beta of 2.49. The stock’s 50 day moving average price is $16.72 and its 200 day moving average price is $14.82. KapStone Paper and Packaging Corp. has a 52 week low of $8.95 and a 52 week high of $24.91.

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. KapStone Paper and Packaging Corp. had a return on equity of 12.64% and a net margin of 2.68%. The company had revenue of $784.91 million for the quarter, compared to the consensus estimate of $820.11 million. During the same quarter last year, the business earned $0.44 EPS. KapStone Paper and Packaging Corp.’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 year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 13th. Stockholders of record on Friday, September 30th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date is Wednesday, September 28th. KapStone Paper and Packaging Corp.’s dividend payout ratio is 47.06%.

In other news, Director Jonathan R. Furer sold 25,000 shares of the business’s stock in a transaction dated Thursday, August 4th. The stock was sold at an average price of $15.09, for a total value of $377,250.00. Following the transaction, the director now directly owns 1,189,400 shares of the company’s stock, valued at approximately $17,948,046. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 13.30% of the stock is owned by insiders.

A number of hedge funds have recently modified their holdings of KS. PineBridge Investments L.P. raised its stake in shares of KapStone Paper and Packaging Corp. by 4.0% in the second quarter. PineBridge Investments L.P. now owns 10,894 shares of the company’s stock worth $141,000 after buying an additional 415 shares in the last quarter. Princeton Alpha Management LP acquired a new position in KapStone Paper and Packaging Corp. during the second quarter valued at about $161,000. Amalgamated Bank acquired a new position in KapStone Paper and Packaging Corp. during the second quarter valued at about $162,000. Teacher Retirement System of Texas raised its position in KapStone Paper and Packaging Corp. by 20.3% in the second quarter. Teacher Retirement System of Texas now owns 12,753 shares of the company’s stock valued at $166,000 after buying an additional 2,154 shares in the last quarter. Finally, TFS Capital LLC acquired a new position in KapStone Paper and Packaging Corp. during the second quarter valued at about $166,000. 82.54% of the stock is owned by institutional investors and hedge funds.

About KapStone Paper and Packaging Corp.

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.

5 Day Chart for NYSE:KS

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