Bridge City Capital LLC purchased a new position in KapStone Paper and Packaging Corporation (NYSE:KS) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 71,109 shares of the basic materials company’s stock, valued at approximately $1,467,000. KapStone Paper and Packaging Corporation makes up 1.2% of Bridge City Capital LLC’s holdings, making the stock its 26th largest position. Bridge City Capital LLC owned approximately 0.07% of KapStone Paper and Packaging Corporation as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. raised its stake in shares of 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 in the last quarter. Vanguard Group Inc. raised its stake in shares of KapStone Paper and Packaging Corporation by 1.8% in the first quarter. Vanguard Group Inc. now owns 7,742,360 shares of the basic materials company’s stock worth $178,849,000 after buying an additional 134,457 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of 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 in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of KapStone Paper and Packaging Corporation by 4.8% in the first quarter. Dimensional Fund Advisors LP now owns 4,803,937 shares of the basic materials company’s stock worth $110,970,000 after buying an additional 220,245 shares in the last quarter. Finally, State Street Corp raised its stake in shares of KapStone Paper and Packaging Corporation by 0.9% in the first quarter. State Street Corp now owns 2,045,971 shares of the basic materials company’s stock worth $47,263,000 after buying an additional 18,772 shares in the last quarter. 81.16% of the stock is currently owned by hedge funds and other institutional investors.

Shares of KapStone Paper and Packaging Corporation (KS) traded up 0.67% on Friday, hitting $21.04. The company had a trading volume of 63,513 shares. KapStone Paper and Packaging Corporation has a 12 month low of $16.09 and a 12 month high of $24.98. The stock has a market cap of $2.04 billion, a PE ratio of 27.72 and a beta of 2.84. The company has a 50-day moving average of $22.24 and a 200 day moving average of $22.14.

KapStone Paper and Packaging Corporation (NYSE:KS) last issued its quarterly earnings data on Wednesday, July 26th. The basic materials company reported $0.27 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.27. The firm had revenue of $822.70 million during the quarter, compared to analysts’ expectations of $831.52 million. KapStone Paper and Packaging Corporation had a net margin of 2.39% and a return on equity of 11.26%. The business’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.27 earnings per share. Analysts anticipate that KapStone Paper and Packaging Corporation will post $1.27 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 12th. Investors of record on Friday, September 29th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date of this dividend is Thursday, September 28th. KapStone Paper and Packaging Corporation’s dividend payout ratio is currently 51.95%.

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KS has been the topic of a number of analyst reports. Zacks Investment Research lowered KapStone Paper and Packaging Corporation from a “hold” rating to a “sell” rating in a report on Thursday, June 29th. BidaskClub lowered KapStone Paper and Packaging Corporation from a “buy” rating to a “hold” rating in a report on Wednesday. ValuEngine lowered KapStone Paper and Packaging Corporation from a “buy” rating to a “hold” rating in a report on Thursday, June 8th. Royal Bank Of Canada reaffirmed a “buy” rating on shares of KapStone Paper and Packaging Corporation in a report on Friday, April 28th. Finally, Vertical Research lowered KapStone Paper and Packaging Corporation from a “buy” rating to a “hold” rating in a report on Thursday, April 27th. Nine research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $26.29.

In related news, VP Randy J. Nebel sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $24.00, for a total transaction of $240,000.00. Following the completion of the transaction, the vice president now owns 47,404 shares in the company, valued at $1,137,696. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 13.09% of the stock is currently owned by insiders.

KapStone Paper and Packaging Corporation Company Profile

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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Institutional Ownership by Quarter for KapStone Paper and Packaging Corporation (NYSE:KS)

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