178,137 Shares in Sonoco Products Company $SON Purchased by Thompson Siegel & Walmsley LLC

Thompson Siegel & Walmsley LLC acquired a new position in Sonoco Products Company (NYSE:SON) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 178,137 shares of the industrial products company’s stock, valued at approximately $7,774,000.

A number of other hedge funds have also bought and sold shares of the business. SBI Securities Co. Ltd. raised its holdings in Sonoco Products by 77.7% during the 4th quarter. SBI Securities Co. Ltd. now owns 590 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 258 shares during the period. Cornerstone Planning Group LLC bought a new stake in Sonoco Products during the 3rd quarter valued at $29,000. LRI Investments LLC purchased a new position in shares of Sonoco Products in the fourth quarter valued at $29,000. Ameriflex Group Inc. grew its position in shares of Sonoco Products by 1,263.6% in the third quarter. Ameriflex Group Inc. now owns 900 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 834 shares in the last quarter. Finally, Larson Financial Group LLC grew its position in shares of Sonoco Products by 1,826.9% in the third quarter. Larson Financial Group LLC now owns 1,002 shares of the industrial products company’s stock valued at $43,000 after purchasing an additional 950 shares in the last quarter. 77.69% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on SON shares. Truist Financial reiterated a “buy” rating and issued a $65.00 price target (down from $68.00) on shares of Sonoco Products in a research report on Tuesday, April 28th. Argus raised Sonoco Products to a “hold” rating in a report on Monday, April 20th. Citigroup reduced their target price on Sonoco Products from $70.00 to $63.00 and set a “buy” rating for the company in a report on Thursday, April 23rd. Wall Street Zen lowered Sonoco Products from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Finally, Deutsche Bank Aktiengesellschaft began coverage on Sonoco Products in a report on Wednesday, April 1st. They set a “buy” rating and a $63.00 target price for the company. Five analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $60.11.

Sonoco Products Stock Performance

Shares of SON opened at $48.02 on Tuesday. The company has a market cap of $4.75 billion, a PE ratio of 4.71, a price-to-earnings-growth ratio of 1.02 and a beta of 0.40. The company has a current ratio of 0.96, a quick ratio of 0.54 and a debt-to-equity ratio of 0.97. The stock has a 50-day moving average price of $51.76 and a 200-day moving average price of $49.04. Sonoco Products Company has a 12-month low of $38.65 and a 12-month high of $58.44.

Sonoco Products (NYSE:SON) last issued its quarterly earnings results on Tuesday, April 21st. The industrial products company reported $1.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.37). The business had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.88 billion. Sonoco Products had a net margin of 13.57% and a return on equity of 16.50%. The business’s revenue was down 1.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.38 EPS. Sonoco Products has set its FY 2026 guidance at 5.800-6.200 EPS. As a group, equities analysts forecast that Sonoco Products Company will post 5.81 earnings per share for the current fiscal year.

Sonoco Products Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Friday, May 8th will be given a dividend of $0.54 per share. This is a boost from Sonoco Products’s previous quarterly dividend of $0.53. The ex-dividend date is Friday, May 8th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 4.5%. Sonoco Products’s dividend payout ratio is 21.18%.

Insider Transactions at Sonoco Products

In other Sonoco Products news, CFO Paul Joachimczyk purchased 8,058 shares of the company’s stock in a transaction dated Friday, April 24th. The stock was purchased at an average price of $49.64 per share, for a total transaction of $399,999.12. Following the transaction, the chief financial officer owned 28,558 shares in the company, valued at $1,417,619.12. The trade was a 39.31% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider James A. Harrell III bought 6,753 shares of the business’s stock in a transaction on Monday, April 27th. The stock was purchased at an average cost of $50.37 per share, with a total value of $340,148.61. Following the purchase, the insider owned 10,070 shares of the company’s stock, valued at $507,225.90. This represents a 203.59% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Company insiders own 0.98% of the company’s stock.

Sonoco Products Company Profile

Sonoco Products Company (NYSE: SON) is a global provider of diversified packaging solutions, serving a wide range of consumer, industrial and retail markets. The company offers a broad portfolio that includes rigid paper and plastic containers, flexible packaging, industrial core and tube products, thermoformed plastics, retail point-of-purchase displays, and packaging supply chain services. Through its solutions, Sonoco helps customers in food and beverage, personal care, chemicals, healthcare, home and garden, and electronics industries address their packaging needs, improve product shelf appeal, and optimize logistics efficiency.

With operations in more than 30 countries across North America, South America, Europe, Asia and Africa, Sonoco leverages a global network of manufacturing facilities, recycling centers and distribution channels to meet the demands of multinational and regional customers.