Legacy Capital Group California Inc. Has $292,000 Holdings in Smurfit Westrock PLC (NYSE:SW)

Legacy Capital Group California Inc. raised its stake in Smurfit Westrock PLC (NYSE:SW) by 36.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,489 shares of the company’s stock after buying an additional 1,726 shares during the quarter. Legacy Capital Group California Inc.’s holdings in Smurfit Westrock were worth $292,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the stock. University of Texas Texas AM Investment Management Co. bought a new stake in shares of Smurfit Westrock in the 4th quarter valued at $30,000. Tsfg LLC bought a new stake in shares of Smurfit Westrock in the first quarter worth about $30,000. IMA Advisory Services Inc. acquired a new stake in shares of Smurfit Westrock during the first quarter worth about $30,000. Versant Capital Management Inc lifted its holdings in shares of Smurfit Westrock by 54.0% during the 1st quarter. Versant Capital Management Inc now owns 779 shares of the company’s stock valued at $35,000 after purchasing an additional 273 shares in the last quarter. Finally, Smallwood Wealth Investment Management LLC bought a new position in shares of Smurfit Westrock during the 1st quarter valued at about $40,000. Institutional investors and hedge funds own 83.38% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on SW. Barclays dropped their target price on shares of Smurfit Westrock from $64.00 to $63.00 and set an “overweight” rating on the stock in a report on Monday, June 30th. Truist Financial boosted their price objective on shares of Smurfit Westrock from $50.00 to $54.00 and gave the company a “buy” rating in a research report on Friday, July 11th. Royal Bank Of Canada lowered their target price on Smurfit Westrock from $57.00 to $56.00 and set an “outperform” rating for the company in a report on Friday, May 2nd. Jefferies Financial Group upgraded Smurfit Westrock from a “hold” rating to a “buy” rating and boosted their price target for the company from $44.00 to $55.00 in a report on Monday, June 16th. Finally, Morgan Stanley upped their price objective on Smurfit Westrock from $51.00 to $53.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 8th. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, Smurfit Westrock currently has an average rating of “Moderate Buy” and an average target price of $58.00.

Smurfit Westrock Price Performance

Shares of NYSE SW opened at $42.64 on Thursday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.45 and a quick ratio of 0.95. The business has a 50-day moving average of $44.87 and a 200-day moving average of $46.11. The stock has a market capitalization of $22.26 billion, a price-to-earnings ratio of 64.60 and a beta of 1.06. Smurfit Westrock PLC has a fifty-two week low of $37.01 and a fifty-two week high of $56.99.

Smurfit Westrock (NYSE:SW) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.12). The company had revenue of $7.94 billion during the quarter, compared to the consensus estimate of $7.88 billion. Smurfit Westrock had a net margin of 1.14% and a return on equity of 5.90%. The business’s revenue for the quarter was up 167.4% compared to the same quarter last year. As a group, sell-side analysts predict that Smurfit Westrock PLC will post 3.25 earnings per share for the current fiscal year.

Smurfit Westrock Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Friday, August 15th will be given a dividend of $0.4308 per share. This represents a $1.72 annualized dividend and a yield of 4.0%. Smurfit Westrock’s dividend payout ratio (DPR) is currently 260.61%.

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.