Leeward Investments LLC MA Buys 4,123 Shares of Packaging Corporation of America $PKG

Leeward Investments LLC MA lifted its stake in Packaging Corporation of America (NYSE:PKG) by 8.7% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 51,684 shares of the industrial products company’s stock after buying an additional 4,123 shares during the quarter. Leeward Investments LLC MA owned approximately 0.06% of Packaging Corporation of America worth $10,968,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Signal Advisors Wealth LLC lifted its position in shares of Packaging Corporation of America by 23.8% in the first quarter. Signal Advisors Wealth LLC now owns 1,415 shares of the industrial products company’s stock worth $300,000 after buying an additional 272 shares in the last quarter. LMG Wealth Partners LLC grew its holdings in Packaging Corporation of America by 3.4% during the 1st quarter. LMG Wealth Partners LLC now owns 10,597 shares of the industrial products company’s stock valued at $2,249,000 after buying an additional 348 shares in the last quarter. SG Americas Securities LLC grew its holdings in Packaging Corporation of America by 4.7% during the 1st quarter. SG Americas Securities LLC now owns 112,138 shares of the industrial products company’s stock valued at $23,798,000 after buying an additional 5,036 shares in the last quarter. Rockefeller Capital Management L.P. increased its stake in Packaging Corporation of America by 8.3% in the 4th quarter. Rockefeller Capital Management L.P. now owns 20,118 shares of the industrial products company’s stock worth $4,149,000 after acquiring an additional 1,549 shares during the last quarter. Finally, Rehmann Capital Advisory Group increased its stake in Packaging Corporation of America by 4.5% in the 4th quarter. Rehmann Capital Advisory Group now owns 1,539 shares of the industrial products company’s stock worth $318,000 after acquiring an additional 66 shares during the last quarter. Institutional investors own 89.78% of the company’s stock.

Insider Buying and Selling at Packaging Corporation of America

In related news, CEO Mark W. Kowlzan sold 9,266 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $217.08, for a total transaction of $2,011,463.28. Following the completion of the transaction, the chief executive officer owned 473,610 shares in the company, valued at $102,811,258.80. The trade was a 1.92% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 1.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Weiss Ratings downgraded Packaging Corporation of America from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, May 26th. UBS Group raised shares of Packaging Corporation of America from a “neutral” rating to a “buy” rating and upped their price target for the company from $232.00 to $248.00 in a research note on Wednesday, May 20th. Deutsche Bank Aktiengesellschaft raised shares of Packaging Corporation of America from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $225.00 to $256.00 in a research note on Monday, May 4th. Wells Fargo & Company reduced their target price on shares of Packaging Corporation of America from $234.00 to $226.00 and set an “overweight” rating on the stock in a report on Tuesday, April 7th. Finally, JPMorgan Chase & Co. upped their target price on shares of Packaging Corporation of America from $225.00 to $246.00 and gave the company an “overweight” rating in a research report on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $241.83.

Packaging Corporation of America Price Performance

Shares of PKG stock opened at $232.89 on Wednesday. The company has a debt-to-equity ratio of 0.87, a current ratio of 3.07 and a quick ratio of 1.88. The company has a market capitalization of $20.75 billion, a P/E ratio of 28.33, a P/E/G ratio of 2.12 and a beta of 0.81. The company’s 50-day simple moving average is $219.14 and its two-hundred day simple moving average is $218.06. Packaging Corporation of America has a one year low of $186.28 and a one year high of $249.51.

Packaging Corporation of America (NYSE:PKG) last announced its quarterly earnings results on Wednesday, April 22nd. The industrial products company reported $2.40 earnings per share for the quarter, topping the consensus estimate of $2.17 by $0.23. Packaging Corporation of America had a net margin of 8.04% and a return on equity of 19.27%. The firm had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.45 billion. During the same quarter in the prior year, the company earned $2.31 EPS. The company’s revenue was up 10.6% compared to the same quarter last year. Packaging Corporation of America has set its Q2 2026 guidance at 2.330-2.330 EPS. As a group, equities analysts anticipate that Packaging Corporation of America will post 10.8 EPS for the current year.

Packaging Corporation of America Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Monday, June 15th will be given a dividend of $1.50 per share. The ex-dividend date of this dividend is Monday, June 15th. This is a positive change from Packaging Corporation of America’s previous quarterly dividend of $1.25. This represents a $6.00 annualized dividend and a dividend yield of 2.6%. Packaging Corporation of America’s payout ratio is currently 72.99%.

Packaging Corporation of America Profile

Packaging Corporation of America (NYSE: PKG) is a leading North American manufacturer of containerboard and corrugated packaging products. The company produces a range of paper-based packaging solutions including linerboard, corrugating medium, corrugated shipping containers, retail-ready packaging and point-of-purchase displays. In addition to core packaging products, Packaging Corporation of America offers packaging design, testing and supply-chain services intended to optimize protection, cost and sustainability for customers.

Headquartered in Lake Forest, Illinois, the company operates an integrated network of mills and corrugated manufacturing facilities across the United States and serves customers throughout North America in industries such as e-commerce, grocery and food & beverage, consumer packaged goods and industrial markets.