KapStone Paper and Packaging Corp. (NYSE:ks) declared a quarterly dividend on Thursday, August 18th. Investors of record on Friday, September 30th will be paid a dividend of 0.10 per share on Thursday, October 13th. This represents a $0.40 annualized dividend and a yield of 2.08%. The ex-dividend date of this dividend is Wednesday, September 28th.

In other KapStone Paper and Packaging Corp. news, Director Jonathan R. Furer sold 25,000 shares of KapStone Paper and Packaging Corp. stock in a transaction on Thursday, August 4th. The shares were sold at an average price of $15.09, for a total value of $377,250.00. Following the sale, the director now directly owns 1,189,400 shares in the company, valued at approximately $17,948,046. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 13.30% of the stock is currently owned by company insiders.

A number of hedge funds have recently made changes to their positions in KS. TFS Capital LLC bought a new stake in shares of KapStone Paper and Packaging Corp. during the second quarter worth about $166,000. Paloma Partners Management Co bought a new stake in shares of KapStone Paper and Packaging Corp. during the second quarter worth about $189,000. Pacad Investment Ltd. bought a new stake in shares of KapStone Paper and Packaging Corp. during the second quarter worth about $190,000. Stevens Capital Management LP bought a new stake in shares of KapStone Paper and Packaging Corp. during the second quarter worth about $190,000. Finally, ProShare Advisors LLC increased its stake in shares of KapStone Paper and Packaging Corp. by 0.6% in the second quarter. ProShare Advisors LLC now owns 19,462 shares of the company’s stock worth $253,000 after buying an additional 124 shares in the last quarter. Institutional investors own 82.54% of the company’s stock.

Several research firms have issued reports on KS. Deutsche Bank AG upgraded shares of KapStone Paper and Packaging Corp. from a “hold” rating to a “buy” rating in a research report on Friday. BMO Capital Markets upgraded shares of KapStone Paper and Packaging Corp. from a “market perform” rating to an “outperform” rating and set a $24.00 price target for the company in a research report on Wednesday. Dundee Securities lowered shares of KapStone Paper and Packaging Corp. from a “buy” rating to a “neutral” rating in a research report on Monday. Standpoint Research lowered shares of KapStone Paper and Packaging Corp. from a “buy” rating to a “hold” rating in a research report on Friday, September 16th. Finally, Bank of America Corp. upgraded shares of KapStone Paper and Packaging Corp. from an “underperform” rating to a “neutral” rating and set a $18.00 price target for the company in a research report on Monday, August 29th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $18.58.

Shares of KapStone Paper and Packaging Corp. (NYSE:KS) opened at 19.21 on Friday. The stock’s 50 day moving average is $16.85 and its 200-day moving average is $14.85. The stock has a market capitalization of $1.86 billion, a price-to-earnings ratio of 22.60 and a beta of 2.49. KapStone Paper and Packaging Corp. has a 12-month low of $8.95 and a 12-month high of $24.91.

KapStone Paper and Packaging Corp. (NYSE:KS) last announced its quarterly earnings results on Wednesday, July 27th. The company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by $0.02. The company earned $784.91 million during the quarter, compared to the consensus estimate of $820.11 million. KapStone Paper and Packaging Corp. had a net margin of 2.68% and a return on equity of 12.64%. The business’s revenue was up 16.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.44 earnings per share. On average, analysts expect that KapStone Paper and Packaging Corp. will post $1.18 earnings per share for the current year.

KapStone Paper and Packaging Corp. Company Profile

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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