Twin Capital Management Inc. Reduces Holdings in Smurfit Westrock PLC $SW

Twin Capital Management Inc. reduced its position in Smurfit Westrock PLC (NYSE:SW) by 73.0% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 14,494 shares of the company’s stock after selling 39,208 shares during the period. Twin Capital Management Inc.’s holdings in Smurfit Westrock were worth $617,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. TD Waterhouse Canada Inc. lifted its stake in Smurfit Westrock by 113.3% in the third quarter. TD Waterhouse Canada Inc. now owns 640 shares of the company’s stock valued at $27,000 after buying an additional 340 shares during the last quarter. CYBER HORNET ETFs LLC acquired a new position in shares of Smurfit Westrock in the 2nd quarter valued at $29,000. Root Financial Partners LLC acquired a new position in shares of Smurfit Westrock in the 3rd quarter valued at $33,000. Rexford Capital Inc. purchased a new stake in Smurfit Westrock in the 2nd quarter valued at $35,000. Finally, Whipplewood Advisors LLC boosted its stake in Smurfit Westrock by 50.0% during the 2nd quarter. Whipplewood Advisors LLC now owns 1,026 shares of the company’s stock worth $44,000 after purchasing an additional 342 shares during the period. Hedge funds and other institutional investors own 83.38% of the company’s stock.

Smurfit Westrock Stock Performance

Shares of SW stock opened at $44.11 on Friday. The company has a market cap of $23.04 billion, a price-to-earnings ratio of 30.85 and a beta of 1.09. The stock has a 50 day simple moving average of $39.94 and a 200-day simple moving average of $41.25. Smurfit Westrock PLC has a 12-month low of $32.73 and a 12-month high of $55.49. The company has a current ratio of 1.48, a quick ratio of 0.97 and a debt-to-equity ratio of 0.72.

Smurfit Westrock Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 18th. Shareholders of record on Tuesday, February 17th will be given a dividend of $0.4523 per share. This represents a $1.81 annualized dividend and a dividend yield of 4.1%. The ex-dividend date is Tuesday, February 17th. This is an increase from Smurfit Westrock’s previous quarterly dividend of $0.43. Smurfit Westrock’s payout ratio is presently 120.28%.

Wall Street Analysts Forecast Growth

SW has been the topic of a number of recent research reports. Wells Fargo & Company dropped their price objective on shares of Smurfit Westrock from $50.00 to $48.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 6th. Morgan Stanley restated an “overweight” rating on shares of Smurfit Westrock in a research report on Thursday, January 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Smurfit Westrock in a research report on Monday, December 29th. Argus lowered their target price on Smurfit Westrock from $55.00 to $45.00 and set a “buy” rating on the stock in a research note on Tuesday, December 9th. Finally, Barclays cut their price target on Smurfit Westrock from $63.00 to $47.00 and set an “overweight” rating for the company in a research note on Monday, November 10th. Ten equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $51.60.

Smurfit Westrock Profile

Smurfit Westrock Plc, together with its subsidiaries, manufactures, distributes, and sells containerboard, corrugated containers, and other paper-based packaging products in Ireland and internationally. The company produces containerboard that it converts into corrugated containers or sells to third parties, as well as produces other types of paper, such as consumer packaging board, sack paper, graphic paper, solid board and graphic board, and other paper-based packaging products, such as consumer packaging, solid board packaging, paper sacks, and other packaging products, including bag-in-box.