18,180 Shares in Smurfit Westrock PLC $SW Acquired by Paradigm Capital Management Inc. NY

Paradigm Capital Management Inc. NY acquired a new position in shares of Smurfit Westrock PLC (NYSE:SW) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 18,180 shares of the company’s stock, valued at approximately $841,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. CYBER HORNET ETFs LLC acquired a new stake in shares of Smurfit Westrock during the 2nd quarter worth $29,000. DV Equities LLC bought a new position in shares of Smurfit Westrock in the fourth quarter worth $28,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in Smurfit Westrock in the fourth quarter valued at about $28,000. Root Financial Partners LLC raised its stake in Smurfit Westrock by 187.6% in the first quarter. Root Financial Partners LLC now owns 768 shares of the company’s stock valued at $31,000 after purchasing an additional 501 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in Smurfit Westrock during the fourth quarter worth about $31,000. 83.38% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

SW has been the topic of a number of analyst reports. Citigroup increased their price objective on shares of Smurfit Westrock from $56.00 to $57.00 and gave the stock a “buy” rating in a research note on Tuesday, August 4th. Seaport Research Partners restated a “buy” rating and issued a $54.00 target price on shares of Smurfit Westrock in a research report on Wednesday, August 12th. Wells Fargo & Company upped their price target on shares of Smurfit Westrock from $52.00 to $55.00 and gave the stock an “overweight” rating in a report on Thursday, July 30th. JPMorgan Chase & Co. increased their price target on shares of Smurfit Westrock from $65.00 to $71.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 28th. Finally, Truist Financial lifted their price objective on shares of Smurfit Westrock from $55.00 to $57.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Eleven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $57.62.

Smurfit Westrock Stock Down 1.2%

Shares of NYSE:SW opened at $48.78 on Tuesday. The company has a fifty day moving average of $46.32 and a 200-day moving average of $43.53. The company has a market capitalization of $25.59 billion, a PE ratio of 51.89, a price-to-earnings-growth ratio of 0.90 and a beta of 0.96. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.96 and a current ratio of 1.45. Smurfit Westrock PLC has a 52-week low of $32.73 and a 52-week high of $52.65.

Smurfit Westrock (NYSE:SW) last released its quarterly earnings data on Wednesday, July 29th. The company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.07). The firm had revenue of $8.03 billion for the quarter, compared to analyst estimates of $7.93 billion. Smurfit Westrock had a net margin of 1.59% and a return on equity of 4.60%. The company’s revenue was up 1.1% compared to the same quarter last year. During the same period last year, the business earned ($0.05) EPS. On average, equities analysts predict that Smurfit Westrock PLC will post 2.06 EPS for the current fiscal year.

Smurfit Westrock Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Friday, August 14th will be given a $0.4523 dividend. The ex-dividend date is Friday, August 14th. This represents a $1.81 annualized dividend and a yield of 3.7%. Smurfit Westrock’s dividend payout ratio (DPR) is currently 192.55%.

Smurfit Westrock Profile

Smurfit Westrock Plc, together with its subsidiaries, manufactures, distributes, and sells containerboard, corrugated containers, and other paper-based packaging products in Ireland and internationally. The company produces containerboard that it converts into corrugated containers or sells to third parties, as well as produces other types of paper, such as consumer packaging board, sack paper, graphic paper, solid board and graphic board, and other paper-based packaging products, such as consumer packaging, solid board packaging, paper sacks, and other packaging products, including bag-in-box.