Braun Stacey Associates Inc. Takes Position in Smurfit Westrock PLC $SW

Braun Stacey Associates Inc. purchased a new stake in Smurfit Westrock PLC (NYSE:SW) in the second quarter, HoldingsChannel reports. The fund purchased 278,030 shares of the company’s stock, valued at approximately $12,862,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SW. AQR Capital Management LLC raised its position in Smurfit Westrock by 90.5% during the first quarter. AQR Capital Management LLC now owns 13,425 shares of the company’s stock valued at $593,000 after purchasing an additional 6,378 shares during the period. Integrated Wealth Concepts LLC boosted its holdings in shares of Smurfit Westrock by 6.7% in the 1st quarter. Integrated Wealth Concepts LLC now owns 5,501 shares of the company’s stock worth $248,000 after purchasing an additional 346 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Smurfit Westrock by 5.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 48,559 shares of the company’s stock valued at $2,188,000 after purchasing an additional 2,698 shares during the last quarter. NewEdge Advisors LLC raised its holdings in Smurfit Westrock by 192.3% during the 1st quarter. NewEdge Advisors LLC now owns 13,264 shares of the company’s stock valued at $598,000 after buying an additional 8,726 shares during the period. Finally, Woodline Partners LP raised its holdings in Smurfit Westrock by 40.8% during the 1st quarter. Woodline Partners LP now owns 41,772 shares of the company’s stock valued at $1,882,000 after buying an additional 12,096 shares during the period. Hedge funds and other institutional investors own 83.38% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on SW. Loop Capital set a $71.00 price target on Smurfit Westrock in a research report on Tuesday, July 28th. Seaport Research Partners reissued a “buy” rating and issued a $54.00 target price on shares of Smurfit Westrock in a research note on Wednesday, August 12th. Barclays raised their target price on shares of Smurfit Westrock from $52.00 to $56.00 and gave the stock an “overweight” rating in a report on Tuesday, August 4th. Zacks Research raised shares of Smurfit Westrock from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 6th. Finally, Royal Bank Of Canada upped their price target on shares of Smurfit Westrock from $56.00 to $60.00 and gave the company an “outperform” rating in a report on Thursday, July 30th. Eleven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Smurfit Westrock currently has an average rating of “Moderate Buy” and an average target price of $57.69.

Smurfit Westrock Price Performance

SW opened at $48.30 on Friday. The business has a fifty day moving average of $46.72 and a 200 day moving average of $43.68. The stock has a market cap of $25.33 billion, a P/E ratio of 51.38, a PEG ratio of 0.92 and a beta of 0.96. The company has a quick ratio of 0.96, a current ratio of 1.45 and a debt-to-equity ratio of 0.73. 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 earnings results on Wednesday, July 29th. The company reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.07). Smurfit Westrock had a return on equity of 4.60% and a net margin of 1.59%.The business had revenue of $8.03 billion during the quarter, compared to analysts’ expectations of $7.93 billion. During the same quarter in the previous year, the business earned ($0.05) EPS. The business’s revenue for the quarter was up 1.1% on a year-over-year basis. As a group, sell-side analysts anticipate that Smurfit Westrock PLC will post 1.98 EPS for the current year.

Smurfit Westrock Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Friday, August 14th will be issued a $0.4523 dividend. The ex-dividend date is Friday, August 14th. This represents a $1.81 dividend on an annualized basis and a dividend yield of 3.7%. Smurfit Westrock’s dividend payout ratio is presently 192.55%.

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.