Shares of KapStone Paper and Packaging Corp. (NYSE:KS) have received a consensus rating of “Buy” from the twelve research firms that are covering the company. One investment analyst has rated the stock with a sell rating, three have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $21.17.

KS has been the subject of several analyst reports. Zacks Investment Research downgraded KapStone Paper and Packaging Corp. from a “hold” rating to a “sell” rating in a report on Tuesday, July 5th. Dundee Securities upgraded KapStone Paper and Packaging Corp. from a “neutral” rating to a “buy” rating in a report on Tuesday, July 19th. Deutsche Bank AG boosted their price target on KapStone Paper and Packaging Corp. from $14.00 to $15.00 and gave the company a “hold” rating in a report on Wednesday, August 10th. Bank of America Corp. upgraded KapStone Paper and Packaging Corp. from an “underperform” rating to a “neutral” rating and set a $18.00 price target for the company in a report on Monday, August 29th. Finally, Standpoint Research downgraded KapStone Paper and Packaging Corp. from a “buy” rating to a “hold” rating in a report on Friday, September 16th.

Shares of KapStone Paper and Packaging Corp. (NYSE:KS) opened at 18.79 on Thursday. KapStone Paper and Packaging Corp. has a 52 week low of $8.95 and a 52 week high of $24.91. The stock has a 50 day moving average price of $17.60 and a 200 day moving average price of $15.24. The firm has a market capitalization of $1.81 billion, a PE ratio of 22.11 and a beta of 2.61.

KapStone Paper and Packaging Corp. (NYSE:KS) last issued its quarterly earnings results on Wednesday, July 27th. The company reported $0.27 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by $0.02. The business earned $784.91 million during the quarter, compared to analyst estimates of $820.11 million. KapStone Paper and Packaging Corp. had a net margin of 2.68% and a return on equity of 12.64%. The company’s revenue was up 16.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.44 earnings per share. Equities analysts forecast that KapStone Paper and Packaging Corp. will post $1.18 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 13th. Investors of record on Friday, September 30th will be given a dividend of $0.10 per share. The ex-dividend date is Wednesday, September 28th. This represents a $0.40 dividend on an annualized basis and a yield of 2.13%. KapStone Paper and Packaging Corp.’s dividend payout ratio (DPR) is 47.06%.

In related news, Director Jonathan R. Furer sold 25,000 shares of the company’s stock in a transaction on Thursday, August 4th. The shares were sold at an average price of $15.09, for a total transaction of $377,250.00. Following the completion of the sale, the director now directly owns 1,189,400 shares of the company’s stock, valued at approximately $17,948,046. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 13.30% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the company. Stoneridge Investment Partners LLC purchased a new position in KapStone Paper and Packaging Corp. during the second quarter worth $1,063,000. BlackRock Group LTD boosted its position in KapStone Paper and Packaging Corp. by 46.5% in the first quarter. BlackRock Group LTD now owns 271,515 shares of the company’s stock worth $3,761,000 after buying an additional 86,157 shares during the last quarter. Prudential Financial Inc. boosted its position in KapStone Paper and Packaging Corp. by 223.0% in the first quarter. Prudential Financial Inc. now owns 1,866,632 shares of the company’s stock worth $25,853,000 after buying an additional 1,288,670 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in KapStone Paper and Packaging Corp. by 174.0% in the first quarter. Envestnet Asset Management Inc. now owns 169,681 shares of the company’s stock worth $2,350,000 after buying an additional 107,750 shares during the last quarter. Finally, Swiss National Bank boosted its position in KapStone Paper and Packaging Corp. by 6.7% in the second quarter. Swiss National Bank now owns 149,800 shares of the company’s stock worth $1,949,000 after buying an additional 9,400 shares during the last quarter. 82.54% of the stock is owned by hedge funds and other institutional investors.

About KapStone Paper and Packaging Corp.

KapStone Paper and Packaging Corporation is engaged in the production of containerboard, corrugated products and specialty paper. The Company operates through two segments: Paper and Packaging, and Distribution. The Company operates approximately four paper mills. It produces approximately 2.7 million tons of containerboard and specialty paper at its mills in North Charleston, South Carolina; Roanoke Rapids, North Carolina; Cowpens, South Carolina, and Longview, Washington.

5 Day Chart for NYSE:KS

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