Dynasty Wealth Management LLC Buys New Position in Smurfit Westrock Ltd (NYSE:SW)

Dynasty Wealth Management LLC bought a new stake in Smurfit Westrock Ltd (NYSE:SW) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 16,711 shares of the company’s stock, valued at approximately $900,000.

Other hedge funds also recently modified their holdings of the company. Stephens Inc. AR lifted its stake in shares of Smurfit Westrock by 3.7% during the fourth quarter. Stephens Inc. AR now owns 5,616 shares of the company’s stock valued at $302,000 after buying an additional 199 shares during the period. Principal Securities Inc. raised its holdings in Smurfit Westrock by 49.1% in the 4th quarter. Principal Securities Inc. now owns 695 shares of the company’s stock valued at $37,000 after acquiring an additional 229 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in Smurfit Westrock by 117.7% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 516 shares of the company’s stock valued at $28,000 after acquiring an additional 279 shares during the last quarter. DAVENPORT & Co LLC lifted its stake in shares of Smurfit Westrock by 0.5% during the 4th quarter. DAVENPORT & Co LLC now owns 55,898 shares of the company’s stock worth $3,011,000 after purchasing an additional 299 shares during the period. Finally, Contravisory Investment Management Inc. boosted its holdings in shares of Smurfit Westrock by 2.6% during the fourth quarter. Contravisory Investment Management Inc. now owns 14,189 shares of the company’s stock worth $764,000 after purchasing an additional 365 shares during the last quarter. 83.38% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Smurfit Westrock

In related news, insider Saverio Mayer sold 25,000 shares of Smurfit Westrock stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $54.84, for a total transaction of $1,371,000.00. Following the sale, the insider now owns 149,911 shares of the company’s stock, valued at $8,221,119.24. The trade was a 14.29 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Ken Bowles sold 24,225 shares of the business’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $55.06, for a total transaction of $1,333,828.50. Following the completion of the transaction, the insider now owns 111,458 shares in the company, valued at $6,136,877.48. This represents a 17.85 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 53,225 shares of company stock worth $2,920,429. 0.49% of the stock is currently owned by company insiders.

Smurfit Westrock Price Performance

Smurfit Westrock stock opened at $52.15 on Friday. The firm has a fifty day moving average of $53.59 and a 200-day moving average of $50.49. Smurfit Westrock Ltd has a 52-week low of $38.55 and a 52-week high of $56.99. The company has a quick ratio of 0.89, a current ratio of 1.37 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $27.14 billion, a P/E ratio of 94.81 and a beta of 1.02.

Smurfit Westrock (NYSE:SW) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.33). Smurfit Westrock had a return on equity of 6.16% and a net margin of 0.63%. As a group, analysts predict that Smurfit Westrock Ltd will post 3.25 EPS for the current year.

Smurfit Westrock Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 18th. Stockholders of record on Friday, February 14th will be paid a $0.4308 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.30%. This is a positive change from Smurfit Westrock’s previous quarterly dividend of $0.30. Smurfit Westrock’s dividend payout ratio (DPR) is 312.73%.

Analysts Set New Price Targets

SW has been the subject of several analyst reports. Truist Financial started coverage on Smurfit Westrock in a research note on Tuesday, January 21st. They issued a “buy” rating and a $62.00 target price for the company. Argus began coverage on shares of Smurfit Westrock in a report on Thursday, December 5th. They set a “buy” rating and a $62.00 price objective on the stock. Barclays raised their target price on shares of Smurfit Westrock from $60.00 to $68.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. JPMorgan Chase & Co. upped their price target on shares of Smurfit Westrock from $65.00 to $69.00 and gave the stock an “overweight” rating in a research report on Friday, November 29th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $58.00 price target on shares of Smurfit Westrock in a report on Friday, November 15th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $60.70.

Smurfit Westrock Company 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.