First Washington CORP raised its holdings in KapStone Paper and Packaging Corporation (NYSE:KS) by 0.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 254,500 shares of the basic materials company’s stock after acquiring an additional 1,200 shares during the period. KapStone Paper and Packaging Corporation comprises 2.6% of First Washington CORP’s holdings, making the stock its 9th biggest holding. First Washington CORP owned approximately 0.26% of KapStone Paper and Packaging Corporation worth $5,250,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Flinton Capital Management LLC grew its position in KapStone Paper and Packaging Corporation by 7.9% in the first quarter. Flinton Capital Management LLC now owns 5,100 shares of the basic materials company’s stock valued at $118,000 after acquiring an additional 374 shares during the last quarter. Victory Capital Management Inc. grew its position in KapStone Paper and Packaging Corporation by 17.6% in the second quarter. Victory Capital Management Inc. now owns 5,145 shares of the basic materials company’s stock valued at $106,000 after acquiring an additional 771 shares during the last quarter. Invictus RG bought a new position in KapStone Paper and Packaging Corporation in the first quarter valued at about $153,000. Ameritas Investment Partners Inc. bought a new position in KapStone Paper and Packaging Corporation in the first quarter valued at about $172,000. Finally, Riverhead Capital Management LLC grew its position in KapStone Paper and Packaging Corporation by 77.3% in the second quarter. Riverhead Capital Management LLC now owns 8,864 shares of the basic materials company’s stock valued at $183,000 after acquiring an additional 3,864 shares during the last quarter. Hedge funds and other institutional investors own 83.90% of the company’s stock.

KapStone Paper and Packaging Corporation (NYSE KS) traded up 0.17% during mid-day trading on Tuesday, hitting $23.38. The stock had a trading volume of 590,013 shares. KapStone Paper and Packaging Corporation has a 52 week low of $16.91 and a 52 week high of $24.98. The company’s 50 day moving average price is $22.26 and its 200 day moving average price is $22.01. The firm has a market cap of $2.27 billion, a PE ratio of 30.80 and a beta of 2.81.

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

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 12th. Stockholders of record on Friday, September 29th will be given a dividend of $0.10 per share. The ex-dividend date is Thursday, September 28th. This represents a $0.40 annualized dividend and a dividend yield of 1.71%. KapStone Paper and Packaging Corporation’s dividend payout ratio (DPR) is presently 51.95%.

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

KS has been the topic of a number of recent analyst reports. Vertical Research upgraded KapStone Paper and Packaging Corporation from a “hold” rating to a “buy” rating in a research report on Monday, July 3rd. ValuEngine upgraded KapStone Paper and Packaging Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, June 27th. BidaskClub cut KapStone Paper and Packaging Corporation from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 24th. Zacks Investment Research upgraded KapStone Paper and Packaging Corporation from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a research report on Wednesday, July 19th. Finally, BMO Capital Markets restated a “buy” rating and set a $28.00 price target on shares of KapStone Paper and Packaging Corporation in a report on Tuesday, July 18th. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $26.29.

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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.

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

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