KapStone Paper and Packaging Corporation (NYSE:KS) was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday.

KS has been the subject of several other research reports. Deutsche Bank AG upped their price target on shares of KapStone Paper and Packaging Corporation from $26.00 to $28.00 and gave the stock a “buy” rating in a research report on Tuesday, April 25th. Vertical Research upgraded shares of KapStone Paper and Packaging Corporation from a “hold” rating to a “buy” rating in a report on Monday, July 3rd. BMO Capital Markets reiterated a “buy” rating and issued a $28.00 price objective on shares of KapStone Paper and Packaging Corporation in a report on Friday, April 7th. BidaskClub downgraded shares of KapStone Paper and Packaging Corporation from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 24th. Finally, Zacks Investment Research downgraded shares of KapStone Paper and Packaging Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, April 19th. Nine investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $25.83.

Shares of KapStone Paper and Packaging Corporation (NYSE:KS) traded down 0.27% during midday trading on Thursday, hitting $22.36. The stock had a trading volume of 714,738 shares. The firm has a 50 day moving average price of $21.05 and a 200-day moving average price of $22.30. The stock has a market cap of $2.16 billion, a PE ratio of 28.67 and a beta of 2.83. KapStone Paper and Packaging Corporation has a 52-week low of $13.27 and a 52-week high of $24.98.

KapStone Paper and Packaging Corporation (NYSE:KS) last released its quarterly earnings results on Wednesday, April 26th. The basic materials company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.22 by $0.07. KapStone Paper and Packaging Corporation had a return on equity of 11.18% and a net margin of 2.45%. The company had revenue of $765.80 million for the quarter, compared to analyst estimates of $770.10 million. During the same quarter last year, the company earned $0.23 EPS. The firm’s revenue for the quarter was up 3.8% on a year-over-year basis. Equities analysts predict that KapStone Paper and Packaging Corporation will post $1.32 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 12th. Stockholders of record on Thursday, June 29th were paid a $0.10 dividend. The ex-dividend date was Tuesday, June 27th. This represents a $0.40 annualized dividend and a dividend yield of 1.79%. KapStone Paper and Packaging Corporation’s dividend payout ratio (DPR) is 51.28%.

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In related news, Director Jonathan R. Furer sold 12,484 shares of the stock in a transaction that occurred on Thursday, May 11th. The shares were sold at an average price of $21.23, for a total transaction of $265,035.32. Following the completion of the transaction, the director now owns 1,178,915 shares of the company’s stock, valued at approximately $25,028,365.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 cost of $20.00 per share, with a total value of $100,000.00. Following the transaction, the director now directly owns 45,127 shares in the company, valued at approximately $902,540. The disclosure for this purchase can be found here. Corporate insiders own 13.30% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. BlackRock Inc. boosted its position in KapStone Paper and Packaging Corporation by 53,613.8% in the first quarter. BlackRock Inc. now owns 11,283,124 shares of the basic materials company’s stock worth $260,641,000 after buying an additional 11,262,118 shares during the last quarter. Macquarie Group Ltd. boosted its position in KapStone Paper and Packaging Corporation by 780.7% in the first quarter. Macquarie Group Ltd. now owns 1,836,358 shares of the basic materials company’s stock worth $42,420,000 after buying an additional 1,627,858 shares during the last quarter. Wellington Management Group LLP boosted its position in KapStone Paper and Packaging Corporation by 44.5% in the first quarter. Wellington Management Group LLP now owns 5,082,064 shares of the basic materials company’s stock worth $117,396,000 after buying an additional 1,564,976 shares during the last quarter. Norges Bank bought a new position in KapStone Paper and Packaging Corporation during the fourth quarter worth $25,933,000. Finally, Bank of America Corp DE boosted its position in KapStone Paper and Packaging Corporation by 191.6% in the first quarter. Bank of America Corp DE now owns 1,316,332 shares of the basic materials company’s stock worth $30,407,000 after buying an additional 864,971 shares during the last quarter. 83.28% of the stock is owned by hedge funds and other institutional investors.

About KapStone Paper and Packaging Corporation

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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Analyst Recommendations for KapStone Paper and Packaging Corporation (NYSE:KS)

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