Packaging Corporation of America (NYSE:PKG) Hits New 1-Year High – Here’s Why

Packaging Corporation of America (NYSE:PKG)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $240.79 and last traded at $239.1610, with a volume of 786418 shares changing hands. The stock had previously closed at $238.86.

Analyst Ratings Changes

PKG has been the topic of several recent research reports. Wells Fargo & Company upped their price objective on shares of Packaging Corporation of America from $233.00 to $234.00 and gave the company an “overweight” rating in a report on Thursday, January 29th. Truist Financial reduced their target price on Packaging Corporation of America from $273.00 to $270.00 and set a “buy” rating on the stock in a research note on Thursday, January 29th. UBS Group boosted their price target on shares of Packaging Corporation of America from $230.00 to $235.00 and gave the stock a “neutral” rating in a research note on Monday, January 12th. Citigroup increased their price objective on Packaging Corporation of America from $226.00 to $227.00 and gave the company a “neutral” rating in a research note on Thursday, January 29th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Packaging Corporation of America in a research note on Monday, December 29th. Four investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Packaging Corporation of America currently has a consensus rating of “Moderate Buy” and a consensus target price of $236.00.

Packaging Corporation of America Trading Up 0.1%

The stock has a 50 day moving average of $212.90 and a 200-day moving average of $208.23. The company has a market capitalization of $21.52 billion, a P/E ratio of 27.91, a P/E/G ratio of 1.83 and a beta of 0.88. The company has a current ratio of 3.16, a quick ratio of 2.00 and a debt-to-equity ratio of 0.84.

Packaging Corporation of America (NYSE:PKG) last issued its earnings results on Tuesday, January 27th. The industrial products company reported $2.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.41 by ($0.09). The business had revenue of $2.36 billion for the quarter, compared to the consensus estimate of $2.43 billion. Packaging Corporation of America had a net margin of 8.61% and a return on equity of 19.18%. The firm’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same period last year, the business posted $2.47 EPS. Packaging Corporation of America has set its Q1 2026 guidance at 2.200-2.20 EPS. On average, research analysts predict that Packaging Corporation of America will post 10.44 EPS for the current year.

Packaging Corporation of America Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 14th. Investors of record on Monday, December 15th were given a dividend of $1.25 per share. The ex-dividend date of this dividend was Monday, December 15th. This represents a $5.00 dividend on an annualized basis and a yield of 2.1%. Packaging Corporation of America’s dividend payout ratio (DPR) is presently 58.34%.

Insider Transactions at Packaging Corporation of America

In other Packaging Corporation of America news, President Thomas A. Hassfurther sold 12,129 shares of Packaging Corporation of America stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $230.50, for a total transaction of $2,795,734.50. Following the completion of the sale, the president owned 197,062 shares of the company’s stock, valued at approximately $45,422,791. The trade was a 5.80% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.50% of the company’s stock.

Institutional Trading of Packaging Corporation of America

Several large investors have recently bought and sold shares of the business. Cornerstone Planning Group LLC raised its position in shares of Packaging Corporation of America by 105.4% during the 3rd quarter. Cornerstone Planning Group LLC now owns 115 shares of the industrial products company’s stock valued at $25,000 after buying an additional 59 shares during the period. KERR FINANCIAL PLANNING Corp acquired a new position in shares of Packaging Corporation of America in the 3rd quarter valued at $31,000. Covestor Ltd grew its stake in shares of Packaging Corporation of America by 140.0% in 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. Trust Co. of Toledo NA OH acquired a new position in Packaging Corporation of America during the 2nd quarter worth approximately $33,000. Finally, Navalign LLC purchased a new position in shares of Packaging Corporation of America in the 4th quarter valued at about $36,000. Hedge funds and other institutional investors own 89.78% of the company’s stock.

Packaging Corporation of America Company Profile

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.