Twin Capital Management Inc. Has $3.10 Million Stock Holdings in Smurfit Westrock Ltd (NYSE:SW)

Twin Capital Management Inc. boosted its holdings in Smurfit Westrock Ltd (NYSE:SW) by 3.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 57,504 shares of the company’s stock after purchasing an additional 1,858 shares during the period. Twin Capital Management Inc.’s holdings in Smurfit Westrock were worth $3,097,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of the stock. Retirement Wealth Solutions LLC bought a new position in shares of Smurfit Westrock during the 4th quarter worth about $25,000. Versant Capital Management Inc bought a new position in Smurfit Westrock during the fourth quarter worth about $27,000. MassMutual Private Wealth & Trust FSB boosted its holdings in Smurfit Westrock by 117.7% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 516 shares of the company’s stock valued at $28,000 after purchasing an additional 279 shares in the last quarter. Deseret Mutual Benefit Administrators bought a new stake in shares of Smurfit Westrock in the 4th quarter valued at approximately $30,000. Finally, Spire Wealth Management acquired a new position in shares of Smurfit Westrock in the 4th quarter worth approximately $36,000. 83.38% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Smurfit Westrock news, insider Ken Bowles sold 24,225 shares of the business’s stock in a transaction that occurred 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 transaction, the insider now owns 111,458 shares of the company’s stock, valued at $6,136,877.48. The trade was a 17.85 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Alvaro Henao sold 4,000 shares of the company’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $53.90, for a total transaction of $215,600.00. Following the sale, the insider now directly owns 44,361 shares in the company, valued at $2,391,057.90. This trade represents a 8.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.49% of the stock is owned by corporate insiders.

Smurfit Westrock Stock Performance

SW stock opened at $41.02 on Monday. Smurfit Westrock Ltd has a 1-year low of $38.27 and a 1-year high of $56.99. The business’s 50-day moving average price is $49.44 and its two-hundred day moving average price is $50.62. The firm has a market cap of $21.41 billion, a PE ratio of 74.58 and a beta of 1.00. The company has a current ratio of 1.37, a quick ratio of 0.89 and a debt-to-equity ratio of 0.72.

Smurfit Westrock (NYSE:SW) last posted its earnings results on Wednesday, February 12th. The company reported $0.34 earnings per share (EPS) 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, research analysts forecast that Smurfit Westrock Ltd will post 3.25 earnings per share for the current year.

Smurfit Westrock Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Friday, February 14th were given a dividend of $0.4308 per share. This is a boost from Smurfit Westrock’s previous quarterly dividend of $0.30. This represents a $1.72 annualized dividend and a dividend yield of 4.20%. The ex-dividend date of this dividend was Friday, February 14th. Smurfit Westrock’s dividend payout ratio is currently 312.73%.

Wall Street Analysts Forecast Growth

SW has been the topic of several recent analyst reports. Morgan Stanley reduced their target price on shares of Smurfit Westrock from $66.00 to $64.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 11th. Citigroup upped their price objective on shares of Smurfit Westrock from $61.00 to $62.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. Barclays boosted their target price on Smurfit Westrock from $60.00 to $68.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. Finally, Truist Financial assumed coverage on Smurfit Westrock in a research note on Tuesday, January 21st. They issued a “buy” rating and a $62.00 price objective on the stock. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $60.70.

About Smurfit Westrock

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.