Teachers Advisors LLC increased its position in KapStone Paper and Packaging Corporation (NYSE:KS) by 3.7% during the first quarter, according to its most recent filing with the SEC. The fund owned 153,345 shares of the basic materials company’s stock after buying an additional 5,404 shares during the period. Teachers Advisors LLC’s holdings in KapStone Paper and Packaging Corporation were worth $3,542,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Bank of New York Mellon Corp boosted its position in shares of KapStone Paper and Packaging Corporation by 6.8% in the first quarter. Bank of New York Mellon Corp now owns 1,515,301 shares of the basic materials company’s stock valued at $35,005,000 after buying an additional 96,493 shares during the last quarter. Flinton Capital Management LLC boosted its position in shares of KapStone Paper and Packaging Corporation by 7.9% in the first quarter. Flinton Capital Management LLC now owns 5,100 shares of the basic materials company’s stock valued at $118,000 after buying an additional 374 shares during the last quarter. First Trust Advisors LP boosted its position in shares of KapStone Paper and Packaging Corporation by 26.3% in the first quarter. First Trust Advisors LP now owns 84,630 shares of the basic materials company’s stock valued at $1,955,000 after buying an additional 17,621 shares during the last quarter. IndexIQ Advisors LLC boosted its position in shares of KapStone Paper and Packaging Corporation by 108.5% in the first quarter. IndexIQ Advisors LLC now owns 37,283 shares of the basic materials company’s stock valued at $861,000 after buying an additional 19,398 shares during the last quarter. Finally, Great West Life Assurance Co. Can boosted its position in shares of KapStone Paper and Packaging Corporation by 2.1% in the first quarter. Great West Life Assurance Co. Can now owns 210,288 shares of the basic materials company’s stock valued at $4,859,000 after buying an additional 4,289 shares during the last quarter. Hedge funds and other institutional investors own 82.03% of the company’s stock.

Shares of KapStone Paper and Packaging Corporation (NYSE:KS) traded up 0.28% during trading on Friday, hitting $21.80. 111,780 shares of the company traded hands. The company has a 50-day moving average of $22.01 and a 200-day moving average of $22.30. The stock has a market capitalization of $2.11 billion, a PE ratio of 28.72 and a beta of 2.84. KapStone Paper and Packaging Corporation has a 52-week low of $14.56 and a 52-week high of $24.98.

KapStone Paper and Packaging Corporation (NYSE:KS) last announced its quarterly earnings results on Wednesday, July 26th. The basic materials company reported $0.27 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.27. The firm had revenue of $822.70 million during the quarter, compared to the consensus estimate of $831.52 million. KapStone Paper and Packaging Corporation had a return on equity of 11.26% and a net margin of 2.39%. The firm’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.27 earnings per share. Equities analysts expect that KapStone Paper and Packaging Corporation will post $1.26 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 12th. Investors of record on Thursday, June 29th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date of this dividend was Tuesday, June 27th. KapStone Paper and Packaging Corporation’s dividend payout ratio (DPR) is 51.95%.

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KS has been the subject of several analyst reports. Deutsche Bank AG increased their price target on shares of KapStone Paper and Packaging Corporation from $26.00 to $28.00 and gave the company a “buy” rating in a research report on Tuesday, April 25th. Zacks Investment Research raised shares of KapStone Paper and Packaging Corporation from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a research report on Wednesday, July 19th. Vertical Research raised shares of KapStone Paper and Packaging Corporation from a “hold” rating to a “buy” rating in a research report on Monday, July 3rd. BidaskClub lowered shares of KapStone Paper and Packaging Corporation from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 24th. Finally, BMO Capital Markets reissued a “buy” rating and set a $28.00 price target on shares of KapStone Paper and Packaging Corporation in a research report on Tuesday, July 18th. Eight analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $26.33.

In other KapStone Paper and Packaging Corporation news, VP Randy J. Nebel sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $24.00, for a total value of $240,000.00. Following the completion of the sale, the vice president now owns 47,404 shares in the company, valued at $1,137,696. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director David P. Storch acquired 5,000 shares of KapStone Paper and Packaging Corporation stock in a transaction on Thursday, May 18th. The stock was purchased at an average price of $20.00 per share, with a total value of $100,000.00. Following the purchase, the director now owns 45,127 shares of the company’s stock, valued at approximately $902,540. The disclosure for this purchase can be found here. Corporate insiders own 13.30% of the company’s stock.

KapStone Paper and Packaging Corporation Company Profile

KapStone Paper and Packaging Corporation is a producer of containerboard and the kraft paper in North America. The Company operates through two segments: Paper and Packaging, and Distribution. The Paper and Packaging segment manufactures and sells a range of containerboard, corrugated products and specialty paper for industrial and consumer markets.

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Institutional Ownership by Quarter for KapStone Paper and Packaging Corporation (NYSE:KS)

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