Packaging Corporation of America (NYSE:PKG) President Thomas Hassfurther Sells 7,063 Shares of Stock

Packaging Corporation of America (NYSE:PKG) President Thomas Hassfurther sold 7,063 shares of the firm’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $254.00, for a total value of $1,794,002.00. Following the transaction, the president owned 202,891 shares of the company’s stock, valued at $51,534,314. The trade was a 3.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Packaging Corporation of America Stock Performance

Shares of Packaging Corporation of America stock traded up $1.42 during trading on Tuesday, hitting $256.17. 55,504 shares of the company’s stock traded hands, compared to its average volume of 875,510. The business has a 50-day simple moving average of $235.59 and a 200-day simple moving average of $225.50. Packaging Corporation of America has a 1 year low of $191.50 and a 1 year high of $258.81. The stock has a market capitalization of $22.82 billion, a P/E ratio of 33.27, a PEG ratio of 2.42 and a beta of 0.80. The company has a debt-to-equity ratio of 0.87, a current ratio of 3.07 and a quick ratio of 1.88.

Packaging Corporation of America (NYSE:PKG) last announced its earnings results on Wednesday, July 22nd. The industrial products company reported $2.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.31 by $0.04. Packaging Corporation of America had a return on equity of 18.96% and a net margin of 7.25%.The business had revenue of $2.49 billion for the quarter, compared to analysts’ expectations of $2.49 billion. During the same period last year, the firm posted $2.48 earnings per share. The business’s revenue for the quarter was up 14.7% on a year-over-year basis. Packaging Corporation of America has set its Q3 2026 guidance at 2.910-2.910 EPS. As a group, analysts forecast that Packaging Corporation of America will post 10.48 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of PKG. DV Equities LLC acquired a new stake in Packaging Corporation of America in the fourth quarter valued at approximately $26,000. Covestor Ltd lifted its holdings in shares of Packaging Corporation of America by 140.0% during the 4th quarter. Covestor Ltd now owns 156 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 91 shares during the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA boosted its position in shares of Packaging Corporation of America by 94.1% in the 4th quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 165 shares of the industrial products company’s stock worth $34,000 after purchasing an additional 80 shares in the last quarter. Navalign LLC purchased a new position in Packaging Corporation of America during the 4th quarter worth $36,000. Finally, Oslo Pensjonsforsikring AS purchased a new position in Packaging Corporation of America during the 1st quarter worth $41,000. Institutional investors own 89.78% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Weiss Ratings lowered shares of Packaging Corporation of America from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, May 26th. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $246.00 price objective (up from $245.00) on shares of Packaging Corporation of America in a research note on Thursday, July 9th. Citigroup boosted their target price on Packaging Corporation of America from $241.00 to $254.00 and gave the company a “neutral” rating in a research report on Tuesday, July 28th. Bank of America raised their price target on Packaging Corporation of America from $242.00 to $263.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. Finally, Truist Financial raised their target price on shares of Packaging Corporation of America from $258.00 to $270.00 and gave the stock a “buy” rating in a report on Wednesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Packaging Corporation of America currently has an average rating of “Moderate Buy” and a consensus price target of $261.57.

About Packaging Corporation of America

Packaging Corporation of America (NYSE: PKG) is a leading North American manufacturer of containerboard and corrugated packaging products. The company produces a range of paper-based packaging solutions including linerboard, corrugating medium, corrugated shipping containers, retail-ready packaging and point-of-purchase displays. In addition to core packaging products, Packaging Corporation of America offers packaging design, testing and supply-chain services intended to optimize protection, cost and sustainability for customers.

Headquartered in Lake Forest, Illinois, the company operates an integrated network of mills and corrugated manufacturing facilities across the United States and serves customers throughout North America in industries such as e-commerce, grocery and food & beverage, consumer packaged goods and industrial markets.