KapStone Paper and Packaging Corp. (NYSE:KS) Director David P. Storch acquired 5,000 shares of the stock in a transaction that occurred on Thursday, May 18th. The shares were bought at an average price of $20.00 per share, for a total transaction of $100,000.00. Following the transaction, the director now owns 45,127 shares of the company’s stock, valued at $902,540. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Shares of KapStone Paper and Packaging Corp. (NYSE:KS) traded up 1.56% during mid-day trading on Friday, reaching $20.24. 390,276 shares of the company’s stock were exchanged. KapStone Paper and Packaging Corp. has a one year low of $12.14 and a one year high of $24.98. The company has a market capitalization of $1.96 billion, a PE ratio of 26.32 and a beta of 2.82. The company’s 50-day moving average price is $22.00 and its 200-day moving average price is $22.07.

KapStone Paper and Packaging Corp. (NYSE:KS) last announced its quarterly earnings data on Wednesday, April 26th. The basic materials company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.22 by $0.07. KapStone Paper and Packaging Corp. had a net margin of 2.80% and a return on equity of 11.90%. The business had revenue of $765.80 million for the quarter, compared to analyst estimates of $770.10 million. During the same quarter in the previous year, the firm posted $0.23 earnings per share. The business’s revenue was up 3.8% on a year-over-year basis. On average, equities analysts expect that KapStone Paper and Packaging Corp. will post $1.36 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 12th. Shareholders of record on Thursday, June 29th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.01%. The ex-dividend date is Tuesday, June 27th. KapStone Paper and Packaging Corp.’s payout ratio is 44.94%.

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A number of hedge funds have recently made changes to their positions in KS. State of Wisconsin Investment Board boosted its stake in shares of KapStone Paper and Packaging Corp. by 51.7% in the third quarter. State of Wisconsin Investment Board now owns 824,323 shares of the basic materials company’s stock valued at $15,596,000 after buying an additional 280,800 shares during the last quarter. Russell Investments Group Ltd. acquired a new stake in shares of KapStone Paper and Packaging Corp. during the fourth quarter valued at approximately $3,339,000. Norges Bank acquired a new stake in shares of KapStone Paper and Packaging Corp. during the fourth quarter valued at approximately $25,933,000. BlackRock Inc. boosted its stake in shares of KapStone Paper and Packaging Corp. by 0.6% in the third quarter. BlackRock Inc. now owns 23,089 shares of the basic materials company’s stock valued at $436,000 after buying an additional 144 shares during the last quarter. Finally, Comerica Bank boosted its stake in shares of KapStone Paper and Packaging Corp. by 5.5% in the fourth quarter. Comerica Bank now owns 100,627 shares of the basic materials company’s stock valued at $2,276,000 after buying an additional 5,203 shares during the last quarter. Institutional investors and hedge funds own 80.22% of the company’s stock.

A number of research analysts recently weighed in on KS shares. Bank of America Corp restated a “buy” rating and set a $29.00 price objective on shares of KapStone Paper and Packaging Corp. in a research report on Tuesday, February 21st. Zacks Investment Research upgraded shares of KapStone Paper and Packaging Corp. from a “sell” rating to a “hold” rating in a research report on Friday, April 28th. Royal Bank of Canada restated a “buy” rating and set a $26.00 price objective on shares of KapStone Paper and Packaging Corp. in a research report on Tuesday, April 18th. KeyCorp restated a “hold” rating on shares of KapStone Paper and Packaging Corp. in a research report on Wednesday, February 8th. Finally, Barclays PLC downgraded shares of KapStone Paper and Packaging Corp. from an “overweight” rating to an “equal weight” rating and increased their price objective for the company from $22.00 to $24.00 in a research report on Monday, February 6th. Eight investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. KapStone Paper and Packaging Corp. has a consensus rating of “Hold” and an average price target of $25.83.

About KapStone Paper and Packaging Corp.

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.

5 Day Chart for NYSE:KS

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