KapStone Paper and Packaging Corporation (NYSE:KS) fell 7.3% during mid-day trading on Monday . The company traded as low as $20.94 and last traded at $21.09, with a volume of 2,147,463 shares trading hands. The stock had previously closed at $22.76.

A number of brokerages have recently issued reports on KS. Citigroup Inc. began coverage on shares of KapStone Paper and Packaging Corporation in a research report on Wednesday, August 16th. They set a “buy” rating and a $25.00 price objective for the company. ValuEngine downgraded shares of KapStone Paper and Packaging Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, July 13th. BidaskClub raised shares of KapStone Paper and Packaging Corporation from a “hold” rating to a “buy” rating in a research report on Monday, July 24th. Zacks Investment Research downgraded shares of KapStone Paper and Packaging Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, June 29th. Finally, BMO Capital Markets reissued a “buy” rating and set a $28.00 price objective on shares of KapStone Paper and Packaging Corporation in a research report on Tuesday, July 18th. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. KapStone Paper and Packaging Corporation has an average rating of “Hold” and an average price target of $26.29.

The stock has a market cap of $2.04 billion, a P/E ratio of 27.79 and a beta of 2.84. The firm’s 50-day moving average price is $22.32 and its 200-day moving average price is $22.18.

KapStone Paper and Packaging Corporation (NYSE:KS) last released its quarterly earnings data on Wednesday, July 26th. The basic materials company reported $0.27 EPS for the quarter, hitting analysts’ consensus estimates 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 net margin of 2.39% and a return on equity of 11.26%. The firm’s revenue was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.27 earnings per share. On average, equities analysts expect that KapStone Paper and Packaging Corporation will post $1.27 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 12th. Shareholders of record on Friday, September 29th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date is Thursday, September 28th. KapStone Paper and Packaging Corporation’s payout ratio is 51.95%.

In related news, VP Randy J. Nebel sold 10,000 shares of KapStone Paper and Packaging Corporation stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $24.00, for a total transaction of $240,000.00. Following the sale, the vice president now directly 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 the SEC website. Company insiders own 13.09% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Teachers Advisors LLC boosted its position in shares of KapStone Paper and Packaging Corporation by 4.4% in the fourth quarter. Teachers Advisors LLC now owns 147,941 shares of the basic materials company’s stock worth $3,262,000 after buying an additional 6,172 shares in the last quarter. Bank of Montreal Can boosted its position in KapStone Paper and Packaging Corporation by 14.4% in the first quarter. Bank of Montreal Can now owns 31,793 shares of the basic materials company’s stock valued at $734,000 after buying an additional 4,007 shares during the period. Louisiana State Employees Retirement System boosted its position in KapStone Paper and Packaging Corporation by 1.4% in the first quarter. Louisiana State Employees Retirement System now owns 35,800 shares of the basic materials company’s stock valued at $827,000 after buying an additional 500 shares during the period. State of Alaska Department of Revenue boosted its position in KapStone Paper and Packaging Corporation by 2.5% in the first quarter. State of Alaska Department of Revenue now owns 9,750 shares of the basic materials company’s stock valued at $225,000 after buying an additional 240 shares during the period. Finally, Nationwide Fund Advisors boosted its position in KapStone Paper and Packaging Corporation by 5.7% in the first quarter. Nationwide Fund Advisors now owns 143,529 shares of the basic materials company’s stock valued at $3,316,000 after buying an additional 7,697 shares during the period. 81.16% of the stock is currently owned by hedge funds and other institutional investors.

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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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