Turning Point Brands, Inc. $TPB Stock Position Raised by AWH Capital L.P.

AWH Capital L.P. increased its holdings in Turning Point Brands, Inc. (NYSE:TPB) by 45.1% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 69,450 shares of the company’s stock after purchasing an additional 21,600 shares during the quarter. Turning Point Brands makes up about 6.9% of AWH Capital L.P.’s investment portfolio, making the stock its 4th largest position. AWH Capital L.P.’s holdings in Turning Point Brands were worth $7,528,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Copeland Capital Management LLC increased its stake in shares of Turning Point Brands by 29,795.8% during the 4th quarter. Copeland Capital Management LLC now owns 204,188 shares of the company’s stock valued at $22,134,000 after acquiring an additional 203,505 shares during the last quarter. HighTower Advisors LLC purchased a new stake in shares of Turning Point Brands during the 3rd quarter worth about $3,735,000. Teachers Retirement System of The State of Kentucky purchased a new stake in shares of Turning Point Brands during the 3rd quarter worth about $2,230,000. JPMorgan Chase & Co. boosted its holdings in Turning Point Brands by 73.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 49,970 shares of the company’s stock worth $4,940,000 after acquiring an additional 21,131 shares during the period. Finally, Crown Advisors Management Inc. boosted its holdings in Turning Point Brands by 60.0% in the 3rd quarter. Crown Advisors Management Inc. now owns 40,000 shares of the company’s stock worth $3,954,000 after acquiring an additional 15,000 shares during the period. Institutional investors and hedge funds own 96.12% of the company’s stock.

Turning Point Brands Trading Down 5.0%

Shares of TPB stock opened at $79.55 on Thursday. The stock has a 50-day simple moving average of $83.78 and a 200 day simple moving average of $99.67. Turning Point Brands, Inc. has a fifty-two week low of $65.80 and a fifty-two week high of $146.90. The stock has a market capitalization of $1.54 billion, a P/E ratio of 27.06 and a beta of 0.92. The company has a quick ratio of 4.05, a current ratio of 5.87 and a debt-to-equity ratio of 0.76.

Turning Point Brands (NYSE:TPB) last announced its earnings results on Thursday, May 7th. The company reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.08. Turning Point Brands had a return on equity of 16.54% and a net margin of 11.53%.The business had revenue of $124.28 million during the quarter, compared to analysts’ expectations of $115.67 million. During the same quarter last year, the business posted $0.91 earnings per share. The company’s quarterly revenue was up 16.8% on a year-over-year basis. On average, sell-side analysts expect that Turning Point Brands, Inc. will post 1.43 earnings per share for the current fiscal year.

Turning Point Brands Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Friday, June 19th will be given a $0.08 dividend. The ex-dividend date is Thursday, June 18th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.4%. Turning Point Brands’s dividend payout ratio (DPR) is 10.88%.

Insider Buying and Selling at Turning Point Brands

In related news, CAO Brian Wigginton sold 4,000 shares of the stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $91.67, for a total value of $366,680.00. Following the completion of the transaction, the chief accounting officer owned 9,230 shares in the company, valued at $846,114.10. This trade represents a 30.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 5.40% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts have recently commented on TPB shares. Wall Street Zen upgraded Turning Point Brands from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 6th. Needham & Company LLC raised Turning Point Brands from a “hold” rating to a “buy” rating and set a $125.00 price target on the stock in a research report on Friday, May 8th. Zacks Research lowered Turning Point Brands from a “hold” rating to a “strong sell” rating in a research report on Monday, March 2nd. Finally, Weiss Ratings lowered Turning Point Brands from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, June 2nd. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $118.75.

Turning Point Brands Profile

Turning Point Brands, Inc (NYSE: TPB) is a U.S.-based consumer products company focused on the manufacture, marketing and distribution of smokeless tobacco, vaping and cigar products. Headquartered in Old Hickory, Tennessee, the company serves retail outlets across all 50 states through a direct-store-delivery network and select third-party distributors. Turning Point Brands operates two reporting segments—Smokeless Products and Cigar—and leverages its logistics capabilities to offer a broad portfolio of brands and SKUs.

In its Smokeless Products segment, Turning Point Brands produces moist smokeless tobacco under leading brand names such as Grizzly, Kodiak and Stoker’s.